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Wow...
What do they mean exactly when they say "They lose Childress without immediate compensation?"
NBA needs to eliminate that dum won yere in cowwage rule. Some basketball studs/non academics should have the right to earn a living at 18 & not be admitted to college based on academic skills that are middle school at best. I know. I've tried to instruct furture NBA players who enter major programs with 6th grade reading skills. College for college students, the NBA for kids who have game. Don't mix oil with water!!!
Wow...
What do they mean exactly when they say "They lose Childress without immediate compensation?"
That they lose Childress
I feel sort of sorry for Hawks fans. First, they have to endure countless years of cellar dwelling due to incompetence from the front office and their ownership. Then, when they finally start to see some results from all those lottery picks, they lose one of their most productive players and get nothing in return.
Dumbass, If Holt don't wanna compete against N.B.A. teams with a cap for free agents.How far do you think he'll go to keep Tony Parker in his prime with his home country offering 100+ mil.
Yeah Parker and Ginobili are probably looking at these deals thinking hmmmmm.
This will happen more and more if someone doesn't step up and fix America. We're losing our lead over the rest of the world, and soon we'll be equal. And if things continue this way, we'll be worse off.
Get used to it.
Good for Childress. I do think more players will look at Europe as an option. But, I don't think it will affect the NBA nearly as much as some might think. Most of the NBA caliber players that will go to international teams will be MLE caliber players or less. NBA stars will get paid by NBA teams. There might be a few NBA players that are worth more than the MLE that take a chance in Europe, but I think it will be more so a rare occurrence than a growing concern. NBA caliber players still want to play in the NBA, particularly if they are American born. Now, it might hurt the NBA in the sense that more international born players may elect to stay overseas rather than go to the NBA. But, that has already been happening the last few years, with players like Bodiroga, Scola before he finally came over to join the Rockets, Fran Vazquez, JC Navarro before he played one year at Memphis among others. That's where the NBA might take a hit more, getting the best international players to play in the NBA.
I think Jennings is also a rare case. I don't think that many straight out of high school players will be doing that. First of all, it's already a huge adjustment for a 17-18 year old kid going away to college. Making a jump to a different country with a different lifestyle and perhaps different language is pretty daunting for kids that age. I think it will be a case where a high school kid is really desperate because he can't get his college entrance scores high enough like Jennings had a problem with. And, it's only a huge deal if he's a top 10 player out of high school, because even the very best high school players aren't necessarily guaranteed to project to be NBA players. There are other options anyway, from going to a junior or community college to playing in another American league like the USBL (if it's still around) or a CBA type league.
This will have an effect on the NBA, but I don't think it's that big of a deal yet or anytime soon.
not too bright huh? money talks and if Euro teams start showing the money like Jerry Maguire(which they are starting to do more and more), I see even stars like Kobe, Parker, Nash, Manu going overseas.
have you realized there is a real estate crisis btw?
How big would be a similar contract in the NBA?
Delfino 4.5M$ a year is similar top a 9+M$ contract in the NBA... does it mean Childress is given a contract corresponding to 14 M$/year???
Childress' deal will not be tax free unless he decides to renounce his US citizenship.
You just typed that and you're calling me a dumbass.
Not too bright? Where are you little re s coming from?
I asked how you can just conclude the league is going to be ty because some MLE player jumped to play overseas.
americans earning money abroad for more than 2 years DO NOT have to pay income taxes. i work for an american company here and for many americans living here it's a great move to come a couple of years.. they are buying houses and new cars with the tax saving money... they go back to the US just a lil after the time frame on purpose...
European deals are still announced in post-tax terms, right? Every player still pays taxes, none of the deals are tax-free; it's a matter of how the figures are announced.
I'd be more concerned about the long-term effects of a deal like this one if it was a European team topping the NBA max to lure a superstar -- say that Kobe becomes restricted in a year or so and CSKA (just to throw a name out) offers him a Jordan-like $30M/yr contract for 5 years. That's substantially more than Kobe can make under the current CBA, even with the Lakers and it might be enough of a temptation to lure a player like Kobe.
It's going to be even more interesting if the Euro leagues eliminate their rules about the numbers of foreign players who can populate rosters and things like that.
I also think this might be an opening movement towards some sort of world basketball merger -- assuming the Euro clubs aren't able to simply outprice the NBA teams at some point.
Finally, I wonder if FIBA might get involved in international transfers like these and create a system similar to that used among the European football leagues to allow transfers between leagues with some form of compensation going back and forth.
This is more than likely a one year deal for him.
It's a multi-year deal with an option at the end of each season.
This won't affect college basketball. Think about it how many of the big-time stud prospects from Europe actually do well in the league. They are always getting 8 mpg because their team wants to win and they simply can't compete with the older more developed players. Any high school prospect would have a contract such that he couldn't just bolt to the nba draft after 1 year. They also wouldn't get the exposure here in the states like they would at a big time program. Sure its a lot of money now but the potential for real NBA riches , and all it comes with, would be forfeit. Brandon Jennings went to Europe because he had to, he didn't qualify for college. I don't expect it to be a common thing.
Now NBA role players going to Europe for more money, that will become a bigger problem.
I know it's three years, I'm talking about him signing with an NBA team next summer when he can get more than he could this off season.
the compensation are based on "Player development" thing that the NBA wouldn;t have any right to claim... maybe high schools and/or universities will get some sort of.. that's what the US system of player development has nowadays... in south america and most countries non us/canada... a player plays in a club separate from where he has his education... and there is where is is developed... form there the compensation for player development they claim when they are transfered...
Then they are going to receive a not so nice visit from the IRS when they return.
What you are referring to is the exclusion of income earned abroad, which is around $82K. For a $20 mil contract, that won't really help that much.
I honestly think it's really good for everybody.
I mean if some role players and decent us players come in euroleague it will raise european level. So some euro could develop faster in a more compe ive environment and be nba ready when drafted...
I don't think so, at least not the raw athletes (Mahinmi type). Right now most Euro prospect barely play. If you add more and more US players it will not help them to develop.
Just think about soccer. The "Premier League" supremacy didn't help english players to develop much.
Wait till one of these teams offers Lebron 100 million, for 3 years.
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