July 25, 200818 yr This has to be exciting for today's players. Leverage always makes the pocketbook bigger.
July 25, 200818 yr Do European players get paid more? There economies pretty much stink too. I am actually wondering. True, Europe is facing a lot of the same problems with the credit crunch as we are here in the states. What helps them is that the Euro is currently so much stronger than the dollar. Makes for a heck of an exchange when paying for things back in the states. I read an article not long ago about Las Vegas attempting to attract Europeans because gambling profits are actually down for the first time in a long while. The reasoning is that the pound and the Euro are so strong that they're attracted by the exchange rate. If you're English, you can come over and lose 500 dollars, but its only 250 pounds. And I agree with gametime, this is way more noteworthy than Brandon Jennings playing in Europe. That got a brief mention on the internet. There was not a single NBA-oriented blog that I regularly read that did not have lots to say on Childress going overseas.
July 25, 200818 yr While interesting, I don't think it'll be too major of a problem. For the most part, the players threatening to go overseas (or actually doing it) are foreign born anyway.
July 25, 200818 yr For the most part, the players threatening to go overseas (or actually doing it) are foreign born anyway. Which is why it will be interesting to see if Childress bucks the trend...
July 25, 200818 yr Which is why it will be interesting to see if Childress bucks the trend... I've always been a Josh Childress for some strange reason (maybe it was the hair), but he was a disappointment and drafted over in Atlanta. It's interesting to hear stars such as Kidd & DWade talking about it, but I don't see Childress setting a new trend...
July 25, 200818 yr Where it will be an issue IMO is guys hanging around at the "mid level cap exception" level, or guys like Childress that were looking at a luke warm free agent deal...
July 25, 200818 yr Author True, Europe is facing a lot of the same problems with the credit crunch as we are here in the states. What helps them is that the Euro is currently so much stronger than the dollar. Makes for a heck of an exchange when paying for things back in the states. I read an article not long ago about Las Vegas attempting to attract Europeans because gambling profits are actually down for the first time in a long while. The reasoning is that the pound and the Euro are so strong that they're attracted by the exchange rate. If you're English, you can come over and lose 500 dollars, but its only 250 pounds. And I agree with gametime, this is way more noteworthy than Brandon Jennings playing in Europe. That got a brief mention on the internet. There was not a single NBA-oriented blog that I regularly read that did not have lots to say on Childress going overseas. The exchange rate info you brought up hits the nail on the head. I was watching CNBC today and the dollar is so weak compared to the Euro that they said it was relatively inexpensive for the teams to pay American athletes well enough to make them consider a European move. This is having an impact on both basketball and hockey.
August 4, 200818 yr Magic's Arroyo signs with team Overseas http://sports.espn.go.com/nba/news/story?id=3517862 Another established NBA free agent is heading overseas. Veteran point guard Carlos Arroyo, whose future with the Orlando Magic appeared to vanish after limited minutes in the playoffs and the Magic's recent signing of Anthony Johnson, has accepted an offer from Israeli giants Maccabi Tel-Aviv. Arroyo becomes the eighth player who worked in the NBA in 2007-08 to sign with a foreign club since free agency commenced July 1. All of the other players to sign with European clubs in recent weeks -- Serbia's Nenad Krstic, Spain's Juan Carlos Navarro and Jorge Garbajosa, Argentina's Carlos Delfino and Slovenia's Bostjan Nachbar and Primoz Brezec -- played for top-level teams overseas before coming to the NBA.
August 4, 200818 yr What's the US equivalent gross contract required to NET $20M like Childress is going to?
August 4, 200818 yr What's the US equivalent gross contract required to NET $20M like Childress is going to? He got 30 Mil and my guess is it would have to be something like 40 Mil over here to equal that.
August 4, 200818 yr The fall of the NBA. The stars have enough money, LeBron has hundreds of millions, and he is thinking about taking money overseas???
August 4, 200818 yr I have a solution that is totally insane and inprobably. Make all teams in all countries all be in the same league. Then, take the champions from every country, like the Celtics from the US, and put them into a big playoff. All teams have salary caps the same and all. A solution that will never happen, just a suggestion.
August 4, 200818 yr The fall of the NBA. The stars have enough money, LeBron has hundreds of millions, and he is thinking about taking money overseas??? What in the world are you talking about?
August 4, 200818 yr LeBron has hundreds of millions, and he is thinking about taking money overseas??? Do huh?
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