Melchor, Gaspar, Baltasar and Mark Cuban. The until recently owner of the Dallas Mavericks informed franchise employees that the new management will pay a total of more than $35 million in bonus pay, a monetary injection after the billionaire got rid of his majority stake in the franchise.
It was reported in November that Cuban intended to sell his majority stake to Miriam Adelson and her family, the largest shareholders in casino operator Las Vegas Sands, while Cuban would retain a stake and stay on to run basketball operations.
Las Vegas Sands CEO Patrick Dumont and his wife Sivan joined Adelson in buying out Cuban.
“As a thank you for all your hard work in making the Mavs an incredible organization, each of you will receive extra pay from me and the Adelson and Dumont families,” Cuban said in a letter to employees, according to Tim MacMahon of ESPN. “In total, we will be doling out approximately $35 million in bonuses to all of you. I’m excited to continue our work to make the Mavs the best franchise in all of sports!”
Cuban bought his majority stake in the franchise for $285 million in January 2000 and owned the team when they won their only NBA championship in 2011.
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2024-01-06 05:40:00
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