Mark Cuban, Mavericks paying employees $35M in bonuses after sale of majority stake
NY Post
It’s still the season of giving for Mark Cuban.
Cuban, who is selling his majority stake in the Mavericks, sent an email to team employees on Friday that he, along with the new owners, would be paying approximately $35 million in bonuses to them, according to ESPN.
“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,” the email 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!”
Cuban, 65, sold his majority shares in the Mavericks for approximately $3.5 billion to a group led by Dr. Miriam Adelson, the widow of late casino magnate Sheldon Adelson.
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