Current:Home > MyTrendPulse|Mark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale -Mastery Money Tools
TrendPulse|Mark Cuban giving $35 million in bonuses to Dallas Mavericks employees after team sale
Algosensey Quantitative Think Tank Center View
Date:2025-04-11 08:23:24
Employees of the Dallas Mavericks are TrendPulsegoing to be some happy campers soon after owner Mark Cuban said he will be paying them $35 million in bonuses.
The windfall comes after Cuban sold his majority stake in the team to casino mogul Miriam Adelson and her family for $3.5 billion. The new Mavericks governor will be Patrick Dumont, the CEO and president of Las Vegas Sands Corporation and Adelson's son-in-law.
Cuban still retains 27% ownership and will be handling basketball operations for the team. Cuban sent an email to employees informing them of the bonus.
“As a thank you for all your hard work making the Mavs an amazing organization, each of you will be receiving a bonus from myself, and the Adelson and Dumont families,” an email, obtained by ESPN.com, read. “In total we will be paying out approximately $35 plus million dollars in bonuses to you all.
“To calculate your bonus, we used a framework that took into consideration how long you have worked for the Mavs. You will receive your bonus in the very near future. I’m excited to continue our work making the Mavs the best franchise in all of sports! Let’s go Mavs!”
veryGood! (78)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Wildfire Smoke May Worsen Extreme Blazes Near Some Coasts, According to New Research
- Video shows bear stuck inside car in Lake Tahoe
- Indoor Pollutant Concentrations Are Significantly Lower in Homes Without a Gas Stove, Nonprofit Finds
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- What Is Permitting Reform? Here’s a Primer on the Drive to Fast Track Energy Projects—Both Clean and Fossil Fuel
- 38 Amazon Prime Day Deals You Can Still Shop Today: Blenders, Luggage, Skincare, Swimsuits, and More
- EPA Announces $27 Billion Effort to Curb Emissions and Stem Environmental Injustices. Advocates Say It’s a Good Start
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Maryland Embraces Gradual Transition to Zero-Emissions Trucks and Buses
Ranking
- Trump issues order to ban transgender troops from serving openly in the military
- Fossil Fuel Executives See a ‘Golden Age’ for Gas, If They Can Brand It as ‘Clean’
- Tony Bennett remembered by stars, fans and the organizations he helped
- Amid Glimmers of Bipartisan Interest, Advocates Press Congress to Add Nuclear Power to the Climate Equation
- Former longtime South Carolina congressman John Spratt dies at 82
- EPA Announces $27 Billion Effort to Curb Emissions and Stem Environmental Injustices. Advocates Say It’s a Good Start
- Tony Bennett remembered by stars, fans and the organizations he helped
- Musk reveals Twitter ad revenue is down 50% as social media competition mounts
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
German Leaders Promise That New Liquefied Gas Terminals Have a Green Future, but Clean Energy Experts Are Skeptical
Eduardo Mendúa, Ecuadorian Who Fought Oil Extraction on Indigenous Land, Is Shot to Death
Relentless Rise of Ocean Heat Content Drives Deadly Extremes
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Nordstrom Anniversary Sale 2023: The Influencers' Breakdown of the Best Early Access Deals
2023 ESPYS Winners: See the Complete List
Get a $65 Deal on $212 Worth of Sunscreen: EltaMD, Tula, Supergoop, La Roche-Posay, and More