NBA Ballers Responding to Strong Euro

Email    Print    Share

Posted on Jul 23, 2008

Wiki Commons

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.”

Read more

More Below the Ad

Advertisement

TAGS: american empire basketball dollar economy euro greece josh childress nba professional sports weak dollar

Related Entries

• 

  Real American Boy: How Our Byzantine Immigration System and Failed Economy May Have Made a Terrorist

• 

  Revenge of the Bear: Russia Strikes Back in Syria

• 

  What Will Tighter Restrictions on Trade in Iran Do?

• 

  Gillibrand’s Student Loan Proposal Follows Warren’s Lead

Email to a friend

Get truth delivered to
your inbox every week.

Previous item: Der Spiegel or ‘Der Lying’?

Next item: New McCain Gaffes on Iraq

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

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.

Report this