Mark Cuban Arms Out $35M In Bonuses To Mavericks Workers: ‘It Was Life-Altering Cash’

Billionaire entrepreneur and investor Mark Cuban, who owns the Dallas Mavericks, has remodeled the lives of a lot of his workers by making them millionaires.

What Occurred: After buying majority possession of the Mavericks in 2000, Cuban, recognized for his progressive method and real concern for his workers, aimed to make a major influence on the franchise.

He held a robust perception in acknowledging the efforts of those that contributed to his success, a precept he adopted throughout his preliminary enterprise endeavors.

Upon promoting the Mavs in 2023, Cuban ensured that long-serving group workers obtained $35 million in bonuses that considerably altered their lives. His affect, nonetheless, was not restricted to his workers. His funding within the group, services, fan expertise, and expertise attraction resulted within the Mavericks making their first playoff look in over a decade through the 2000-01 season.

“I’m not there with out them; I did it with my first two firms, and I wished to do the identical with the Mavs. They had been there for me the entire time; it was sufficient cash that for many who had been there 20 years or extra, it was life-changing cash,” Cuban mentioned in an interview.

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“I did it with MicroSolutions, you recognize, we had 80 workers, all of them obtained paid. I did it with Broadcast.com — out of 330 workers, 300 grew to become millionaires. And I wished to do the identical factor with the Mavs. , they had been there for me the entire time … for many who had been there 20 years or extra it was life-changing cash,” he added.

Why It Issues: Cuban’s management and funding within the Mavericks not solely led to the group’s first championship in franchise historical past in 2011 but in addition set a excessive normal for group possession within the sports activities trade.

His method to rewarding workers has been seen as a benchmark for different franchises.

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This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.