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Reading: Former Suns Owner Gave Employees $20,000 Bonus Before Leaving
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Home > NBA News & Analysis > Former Suns Owner Gave Employees $20,000 Bonus Before Leaving

Former Suns Owner Gave Employees $20,000 Bonus Before Leaving

Robert Sarver gave a $20,000 bonus to over 250 employees while also donating $5 million to charity after being forced to sell his stake in the team.

Ishaan Bhattacharya
Feb 17, 2023
4 Min Read
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Credit: Mark J. Rebilas-USA TODAY Sports

The Phoenix Suns are truly in a new era under owner Mat Ishbia. The newest owner in the NBA made a statement move to acquire Kevin Durant and pair him up with their 3 stars Devin Booker, Chris Paul, and Deandre Ayton.

The excitement around the new Suns has made people forget about the internal turmoil the franchise was facing under previous owner Robert Sarver, who was forced to sell the team after sponsors threatened to cut their association with the franchise due to inappropriate workplace behavior by Sarver.

Sarver sold his 37% stake in the franchise to Mat Ishbia for over $1.48 billion, with the new owner also buying 20% more from other investors to take his sole ownership stake up to 57% for $2.28 billion. However, Sarver decided to do one positive thing for the employees he left behind by giving nearly 300 eligible employees a bonus of $20,000 from his own pocket.

Suns employees were notified about the bonuses and Sarver’s donation to charity in an email from Ishbia on Thursday morning. Those who qualified for the $20,000 bonus, which they’d receive in their next paycheck, were full-time employees who started on or before Feb. 15, 2022. Between 250 and 300 employees will be impacted by the bonus, sources said. (h/t ESPN)

A Suns employee privately called the move classy, as Sarver also donated $5 million to the Suns’ charity. In total, Sarver is parting with almost $11 million to give back to members of the organization and the charity.


The New Phoenix Suns

Sarver’s generosity will be much appreciated by the receivers of the bonuses and the good the money could do for their charity. That doesn’t change the poor actions of Sarver in the past but does help his last deal with the franchise to be a move that actively benefits the employees that have served under him.

With Kevin Durant and positive work morale, the franchise has unlocked unlimited potential. Devin Booker is already proven to be a star in the league while KD joins him as an MVP. Chris Paul is one of the greatest point guards in league history and recently had a 19-assist game to emphasize that his regression isn’t as bad as many have said.

Deandre Ayton has had tough moments with the franchise over the last year, with the most recent being courtside alterations with coach Monty Williams. But he’s also excited about the acquisition of Durant and the team will look to deliver on their championship potential immediately.

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ByIshaan Bhattacharya
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Ishaan Bhattacharya is a content manager for Fadeaway World from New Delhi, India. With his expertise in NBA content creation, Ishaan brings a wealth of experience to his role, contributing to the site's authority and reach within the basketball community. Over the last year, Ishaan has interviewed Ray Allen and Mark Tatum, while also covering the 2023 NBA Abu Dhabi Games which saw the Dallas Mavericks take on the Minnesota Timberwolves.Since joining Fadeaway World in March 2022, Ishaan Bhattacharya has become known for his unique perspective on the NBA. He consistently delivers this insight through his daily news coverage and detailed opinion pieces on the most significant topics in the league.Before his tenure at Fadeaway World, Ishaan worked in corporate communications, where he serviced prominent sports brands, including NBA India, Sports18, Amazon Prime Sports, and Royal Challengers Bangalore. This experience in strategic communications for leading sports entities has enhanced his ability to craft impactful narratives and connect with a global audience.A true MFFLer (Mavs Fan for Life, for the uninitiated), Ishaan is a massive fan of the Dallas Mavericks. When he is not upset about Jalen Brunson walking in free agency, you can see Ishaan as an avid gamer and content creator. His passion for basketball extends beyond the Mavericks, as evidenced by his thoughtfully curated NBA Mount Rushmore, featuring LeBron James, Michael Jordan, Kareem Abdul-Jabbar, and Bill Russell—each representing distinct eras and bringing their unique qualities to the game.Featured On: ESPN, Sports Illustrated, Bleacher Report, Yahoo Sports, NBA, Fox Sports, The Spun
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