Mark Cuban will pay out more than $35 million in bonuses to Mavericks employees ahead of the $3.5 billion sale of his majority stake to the Adelson family.

Billionaire Mark Cuban shares some of the wealth with employees of the NBA team he used to be the majority owner of: the Dallas Mavericks.

Cuban recently sold enough stock to lose his majority stake in the team — in a deal worth $3.5 billion that will see the Adelson family take over.

As a thank you for the years of hard work, Cuban announced in a letter to the Mavericks' staff that they would receive bonuses.

The payouts were based on “a framework that took into account how long you worked for the Mavs” – with promises that the money would appear in their bank accounts “in the very near future.”

Bonuses would be paid by both Cuban and the two new owners Miriam Adelson, Sivan Dumont and Patrick Dumont.

Cuban sold a majority stake in the team to a consortium led by casino owner Miriam Adelson

Cuban still retains a 27 percent stake in the team and runs basketball operations

“I'm excited to continue our work to make the Mavs the greatest franchise in all of sports!” Cuban said in the letter.

While Cuban sold a majority of the Mavericks, the team's billionaire and longtime owner retained a 27 percent stake in the franchise.

Cuban is also still in charge of the Mavs' basketball operations and said he felt the company could be better with a new owner at the helm.

“If you get a world-class partner that can come in and grow your revenue base and you're not dependent on things that you were in the past,” Cuban said, “then that's a huge win.”