Mark Cuban Paying Mavs Staff $35 Mil In Bonuses After Promoting Stake In Crew

Mark Cuban is ensuring his Mavericks workers are being taken care of following his sale of the bulk stake within the NBA franchise … promising to dole out $35 million-plus in bonuses within the close to future.

The previous Dallas proprietor made the announcement in an e-mail to Mavs staffers on Friday, in line with ESPN … explaining new homeowners Miriam Adelson and Sivan and Patrick Dumont might be serving to to contribute to the big bonus pool as effectively.

Cuban mentioned the payouts might be primarily based on “a framework that took into consideration how long you have worked for the Mavs.” He added the money might be hitting financial institution accounts “in the very near future.”

“I’m excited to continue our work making the Mavs the best franchise in all of sports!” Cuban mentioned within the letter.

In fact, Cuban formally gave solution to Adelson and the Dumonts late final month … selling the families his controlling curiosity within the group for $3.5 billion.

The 65-year-old, nonetheless, nonetheless maintains a 27% stake within the org. … and he instructed reporters after all of it turned official that he’ll nonetheless have management of basketball operations.

As for why he made the shocking transfer … he mentioned it is easy — he thinks the brand new homeowners can develop the enterprise exponentially.

“When you get a world-class partner who can come in and grow your revenue base and you’re not dependent on things that you were in the past,” Cuban mentioned, “that’s a huge win.”