Mark Cuban, the former owner of the Dallas Mavericks, is ensuring that his employees are well taken care of following his sale of the majority stake in the NBA franchise. He has promised to distribute over $35 million in bonuses in the near future.
Cuban made this announcement in an email to Mavs staffers on Friday. He mentioned that the new owners, Miriam Adelson and Sivan and Patrick Dumont, will also contribute to the large bonus pool. The payouts will be based on the employees’ tenure with the Mavs, and Cuban assured that the money will be deposited into their bank accounts very soon.
This move comes after Cuban officially sold his controlling interest in the team to the Adelson and Dumont families for a whopping $3.5 billion. However, he still maintains a 27% stake in the organization and retains control of basketball operations. Cuban expressed his excitement to continue working towards making the Mavericks the best franchise in all of sports.
When asked about his decision to sell, Cuban explained that he believes the new owners can significantly grow the business. Having world-class partners who can expand the revenue base without being dependent on past factors is a huge win for him.
It seems that the benefits of this vision are already being realized by Mavs employees. Cuban’s commitment to ensuring their well-being and rewarding their hard work demonstrates his dedication to the team and its success. With the new ownership and the promise of substantial bonuses, the future looks bright for the Dallas Mavericks.
