It's still giving season for Mark Cuban.
Cuban, who is selling a majority stake in the Mavericks, sent an email to team employees on Friday informing them that he and the new owner plan to pay out about $35 million in bonuses. According to ESPN.
“In appreciation of your efforts to make the Mavs a great organization, you will receive a bonus from me, the Adelson and Dumont families,” the email read. “In total, he will pay you about $35, plus $1 million in bonuses.
“To calculate the bonus, we used a framework that takes into account how long you worked for the Mavs. You will receive a bonus in the near future.
“I'm excited to continue our efforts to make the Mavs the best franchise in all of sports. Let's go, Mavs!”
Mr. Cuban, 65, sold a majority stake in the Mavericks for about $3.5 billion to a group led by Dr. Miriam Adelson, widow of the late casino magnate Sheldon Adelson.
The deal was completed in late December.
According to NBA reporter Marc Stein, Cuban still holds a 27 percent stake in the team and will continue to run its basketball operations.
However, it's a little unclear how long he will continue in that role.
ESPN reported that Patrick Dumont, a member of Adelson's ownership group, will have the final say.
“Mark Cuban confirms Patrick Dumont will have 'final say' as Mavs governor,” said ESPN's Tim McMahon. Posted in X December 27th.
“But Cuban has said they're going to work on the basketball strategy together.” [the] The only goal is to win. ”
