Overview

• Mark Cuban, the former majority owner of the Dallas Mavericks, has announced he will distribute $35 million in bonuses to the team's employees.
• The bonuses are a result of Cuban's recent sale of his majority stake in the NBA franchise to the families that run the Las Vegas Sands casino company for $3.5 billion.
• The amount of each employee's bonus will be calculated based on how long they have worked for the Mavericks.
• Cuban will retain partial ownership of the Mavericks and continue to manage basketball operations.
• The bonus announcement was made in an internal memo and confirmed by a team spokesperson.