Mark Cuban Awards $35M in Staff Bonuses Following Mavericks Sale
Mark Cuban, after selling the majority stake in the Dallas Mavericks to Miriam Adelson and Sivan and Patrick Dumont for $3.5 billion, has announced a plan to distribute over $35 million in bonuses to Mavericks employees. The bonus pool, contributed to by both Cuban and the new owners, will be allocated based on employees' tenure with the franchise. Cuban, who retains a 27% stake and control over basketball operations, believes the new ownership can significantly grow the business.