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'Each of You Will Be Receiving a Bonus': Mark Cuban Announces Massive Payout to Mavericks' Employees — Here's How Much The billionaire sold his majority stake in the franchise last year — but said he plans to remain involved.

By Amanda Breen

Key Takeaways

  • Mark Cuban and the Adelson and Dumont families, who own the Dallas Mavericks, will pay about $35 million in bonuses to employees.
  • Cuban revealed he would keep partial ownership and oversee basketball operations when the deal was disclosed in November.

Dallas Mavericks employees received some good news on Friday when Mark Cuban announced a substantial payout.

The billionaire entrepreneur and Shark Tank veteran, who recently sold his majority stake in the NBA franchise, informed workers of the plan to pay approximately $35 million in bonuses via an email obtained by ESPN.

Image Credit: Sam Hodde | Getty Images

Related: Mark Cuban Is Reportedly Selling the Dallas Mavericks to Another Billionaire

"As a thank you for all your hard work making the Mavs an amazing organization, each of you will be receiving a bonus from myself, and the Adelson and Dumont families," the memo read. "In total, we will be paying out approximately $35 plus Million Dollars in bonuses to you all."

The amount of time employees have spent working with the Mavericks will factor into the final bonuses, which will be distributed "in the very near future."

Earlier in the week, the NBA confirmed that the league's Board of Governors had approved the sale of the controlling interest in the Mavericks from Mark Cuban to the families of Dr. Miriam Adelson and Sivan and Patrick Dumont, per CNN Business.

The Adelson family, which includes Miriam Adelson's daughter and son-in-law Sivan and Patrick Dumont, are majority shareholders of the Las Vegas Sands, which boasts a $38 billion market capitalization.

Related: Want to Get Money From Mark Cuban? Here's How.

Cuban sold the Mavericks for more than $4 billion, "which includes the franchise and its assets such as buildings and land," The Athletic reported in December.

Initial reports indicated that Cuban, who has a net worth of $6.76 billion, would maintain partial ownership of the team and oversee basketball operations.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

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