Mark Cuban is feeling pretty generous after selling a majority stake in the Dallas Mavericks.
According to ESPN, Cuban has emailed team employees to let them know that they will be receiving a collective $35 million in bonuses.
“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 email read. “In total we will be paying out approximately $35 plus million dollars in bonuses to you all.
“To calculate your bonus, we used a framework that took into consideration how long you have worked for the Mavs. You will receive your bonus in the very near future.
“I’m excited to continue our work making the Mavs the best franchise in all of sports! Let’s go Mavs!”
Cuban has let his majority stake go in exchange for a reported $3.5 billion, with a group led by the widow of late casino mogul Sheldon Adelson, Dr. Miriam Adelson, taking over. The deal was finalized late last month following approval from the NBA.
The 65-year-old retains a 27 percent stake and will continue to run basketball operations, though there’s no word on how long he plans to stick around.
