Mark Cuban Awards $35M in Staff Bonuses Following Mavericks Sale

Mark Cuban, after selling his majority stake in the Dallas Mavericks for approximately $3.5 billion, is rewarding employees with $35 million in bonuses. The bonuses, shared with the new majority owners, the Adelson and Dumont families, are based on employee tenure. Cuban, who bought the Mavericks in 2000 for $285 million, will retain a 27% stake and operational control, focusing on the basketball side of the franchise. The Mavericks have significantly increased in value during Cuban's tenure, making the playoffs 19 times and winning an NBA title in 2011.