Cuban showers Mavs with $35M Bonus in Franchise farewell gesture

Mark Cuban, who recently sold a majority share of the Dallas Mavericks, surprised employees with over $35 million in bonuses, according to a team spokesperson. In an internal memo obtained by ESPN, Cuban expressed gratitude for their hard work, announcing bonuses from himself and the Adelson and Dumont families. The bonus calculations factored in employees’ tenure with the team. Mavericks spokesperson Alan Rakowski confirmed the details.

The NBA approved the sale of controlling interest to the families of Dr. Miriam Adelson and Sivan and Patrick Dumont. The Adelson family, major Las Vegas Sands shareholders, acquired a majority stake in the franchise for an undisclosed amount, estimated around $3.5 billiоn. A statement from the families emphasized their partnership with Cuban and his continued significant role in the franchise. Cuban retains partial ownership and control over basketball operations. The bonus distribution is expected in the near future, rewarding employees for their contributions to the Mavericks’ success.