Mark Cuban surprises Dallas Mavericks employees with $35 million in bonuses after cashing majority stake in franchise

Mark Cuban continues to amaze fans. The Dallas Mavericks owner has revealed that the ownership group will be handing out bonuses worth $35 million to the team’s employees. This came shortly after Cuban sold most of his stake in the Mavericks.

Cuban has been part of the Mavs’ organization since 2000. He’s been regarded as one of the best owners in the NBA.

ESPN’s Tim MacMahon shared a screenshot of Cuban’s email on X, which said that the employees would get bonuses depending on how long they had been with the organization.

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"As a thank you for all your hard work making the Mavs an amazing organiztion, each of you will be receiving a bonus from myself, and the Adelson and Dumont families," Cuban stated.

"You will receive you bonus in the very near future. I'm excited to continue our work making the Mavs the best franchise in all of sports!"

Cuban didn’t reveal when the employees would start receiving their bonuses.

The Adelson and Dumont families purchased the team for around $3.5 billion.

You might also be interested in reading this: 5 Mark Cuban companies that he owns which make him the richest “shark,” including Dallas Mavericks and more

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How many employees do the Dallas Mavericks have?

According to growjo, the company has more than 588 employees. The Mavericks grew their employee count by 21% last year.

The Dallas Mavericks are ranked sixth among the NBA's most valuable teams by Forbes at $4.5 billion.

For 23 years, Cuban has been synonymous with the Mavs as the sole majority owner. Cuban bought the team in 2000 for $285 million.

He still has control over basketball operations.

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"The advantage is what can you build and where and you need to have somebody who’s really, really good at that," Cuban said (via NBC News). "...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, that’s a huge win."

According to Cuban, the decision to sell the team makes revenue from media rights deals easier to handle. The Mavericks won’t have to think about it as a major concern moving forward and can continue their basketball operations.

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