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NBA Ballers Responding to Strong Euro

Posted on Jul 23, 2008
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Last week it was Budweiser that was sold to the Europeans, this week it is the NBA that fell victim to a global economic shift that’s seen the dollar nose-dive vis-à-vis the euro. Respected young forward Josh Childress accepted a fatter offer from a Greek club than the one his U.S. team reportedly was making. He may not be the last.


ESPN:

The deal is the most lucrative current contract in European basketball and the biggest in Euroleague history, according to the Atlanta Journal-Constitution, which first reported the signing. It follows the decision by top prep prospect Brandon Jennings to sign with an Italian club team rather than play a season at Arizona.

The newspaper reported Monday the Hawks had a deal on the table worth nearly $36 million, with a first-year salary in excess of the midlevel exception of $5.6 million.

“I’ve talked to a few guys, and it could become a trend,” Childress said on a conference call about other Americans following his lead. “I’m not so sure it won’t. It’s different. We thought out of the box a little on this one.”


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By Dr. Knowitall, PhD, PhD, July 23, 2008 at 2:58 pm Link to this comment

After all is said and done, foreign countries that suck up American businesses will be outsourcing their operations to America, a third-world country.

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