Billionaire Mark Cuban makes headlines: According to an internal memo shared by ESPN's Tim McMahon on Friday, it was his generous decision to give bonuses worth $35 million to Dallas Mavericks employees.
Cuban just sold a majority stake in the Mavericks. The majority of his franchise rights were sold to the family that owns the Las Vegas Sands casino company, in a deal valued at $3.5 billion. deadline. This sale marks a new chapter for the Mavericks. It has enjoyed fame and success under Cuban ownership.
Email from Mark Cuban to Mavs employees announcing plans to pay approximately $35 million in bonuses following sale of majority stake in franchise: pic.twitter.com/omoamjRA1H
— Tim McMahon (@espn_macmahon) January 5, 2024
In a heartfelt gesture of gratitude, Cuban shared the news of the bonuses with his employees and recognized their contributions to making the Mavericks a great organization. “You will receive a bonus from me and the Adelson and Dumont families in appreciation of your efforts to make the Mavs a great organization. ” Messages to employees revealed to have been read Email Obtained by ESPN McMahon. (Related: Google gives big raises to top executives – but not to employees)
“In total, you will be paid approximately $35 plus $1 million in bonuses. To calculate your 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,” the memo states.
