Artest considering Europe as an option

[Guy986]

Those Europeans are getting creative with their offers. The NBA better do the same if they don't want to lose all of their players to Europe.

I dont see why they would bid against themselves like that. Even if they have the dorras to spend, they shouldn't be throwing it away. There are starving children in Africa ya know. I mean seriously if the best offer from an NBA team is 6million a year for Ron's service, why would the Euros flex all that juice in front of Ron's face? 20 million a year? That's likely more than 3 times the best offer from an NBA team. Perplexed.

[moofs]

1 U.S. dollar = 0.710328172 Euros

20 * .71 = 14.2 - i.e. right in line with a max contract in the NBA, and that number could easily go down, as they look to be signing him in dollars.

You've heard people on here talking 10-12m, so while it is on the high end, you know it's not a ludicrous price for star power. Without the NBA's cap/tax it's not the same kind of terrible contract.

Think in terms of the Yankees.

[KWSN-Men]

Those Europeans are getting creative with their offers. The NBA better do the same if they don't want to lose all of their players to Europe.

I dont see why they would bid against themselves like that. Even if they have the dorras to spend, they shouldn't be throwing it away. There are starving children in Africa ya know. I mean seriously if the best offer from an NBA team is 6million a year for Ron's service, why would the Euros flex all that juice in front of Ron's face? 20 million a year? That's likely more than 3 times the best offer from an NBA team. Perplexed.

I have tried to explain this so many times to Americans and they just can't seem to get it. Olympiacos never signed Childress for his play. He's like the 6th to 8th best player on the team. They signed him to make a point to the NBA players agents and US sports media. The point being they can sign any player they want and for any amount of money.

The point being that they could then down the line have the ability to talk to any NBA player they wanted. Artest and Gordon are the same examples. To show how much they can spend and that they can get any player. It has nothing to do with basketball issues.

Olympiacos even though it is my team I seriously doubt even if they signed both Artest and Gordon that they could beat Panathinaikos with its current roster which is by far the best team in European history and surely would even beat some NBA playoff teams in a 7 game series.

There is not even a point basketball related to the offers. The whole thing is to set up the setting to get Wade or LeBron in 2010. Before you do that you have to establish the name with them. Just like before Olympiacos offered Webber $10 million a year and he actually refused to even talk with them and then insulted the team, the owner, and the league in the press and called them a joke.

Well that is why Olympiacos signed Childress for 5 times more than his production is worth. He is nothing but a role player for them like he was with the Hawks. He did not even make the 3rd team of the Greek League and was not even nominated as one of the top 10 small forwards in the Euroleague. Yet he is the highest paid player ever in Europe. The point is not basketball related. The point is that now after signing Childress and paying him a near max NBA salary that they can call guys like Gordon, Artest, Iverson and they and their agents want to meet with them.

The point then to sign them for contracts above NBA max deals is to then have the eyes of Wade and LeBron next year. It seems impossible for American fans to grasp this but believe it or not they don't sign average players like Childress to enormous contracts for basketball reasons. He was probably the third best player at his own position on the team. But the signing is a PR move and it has worked extremely well.

[KWSN-Men]

1 U.S. dollar = 0.710328172 Euros

20 * .71 = 14.2 - i.e. right in line with a max contract in the NBA, and that number could easily go down, as they look to be signing him in dollars.

You've heard people on here talking 10-12m, so while it is on the high end, you know it's not a ludicrous price for star power. Without the NBA's cap/tax it's not the same kind of terrible contract.

Think in terms of the Yankees.

Olympiacos does not pay players in euros strictly. Each player has to decide in his contract how to be paid. He must request either dollars or euros when he signs the deal. Childress for example gets paid in dollars, not euros. Papaloukas on the other hand for example chooses to get paid in euros and not dollars. In other words the exchange rate is not even an issue in a club as big as Olympiacos because they give you the choice.

Also remember that European contracts are net. The figures are the pay AFTER taxes and agent fees have been paid. The NBA contracts are the opposite as they are gross and BEFORE taxes or agent fees have been paid.

5 million in Europe = 10 million in the NBA

[moofs]

I have tried to explain this so many times to Americans and they just can't seem to get it. Olympiacos never signed Childress for his play. He's like the 6th to 8th best player on the team. They signed him to make a point to the NBA players agents and US sports media. The point being they can sign any player they want and for any amount of money.

There is not even a poitn basketball related to the offers. The whole thing is to set up the setting to get Wade or LeBron in 2010. Before you do that you have to establish the name with them. Just like before Olympiacos offered Webber $10 million a year and he actually refused to even talk with them and then insulted the team, the owner, and the league in the press and called them a joke.

Also that.

Olympiacos does not pay players in euros strictly. Each player has to decide in his contract how to be paid. He must request either dollars or euros when he signs the deal. Childress for example gets paid in dollars, not euros. Papaloukas on the other hand for example chooses to get paid in euros and not dollars. In other words the exchange rate is not even an issue in a club as big as Olympiacos because they give you the choice.

That wasn't what I was trying to get at, but my math concept was backward anyway so it doesn't matter. You just replied so fast that I didn't get a chance to notice the error, I do a lot of post-post editing

note to self: when converting currency, if the left side of the equation is your base currency, the right side of it would be your foreign currency. Inflation would kinda suck if both sides were the base.

[Guy986]

Those Europeans are getting creative with their offers. The NBA better do the same if they don't want to lose all of their players to Europe.

I dont see why they would bid against themselves like that. Even if they have the dorras to spend, they shouldn't be throwing it away. There are starving children in Africa ya know. I mean seriously if the best offer from an NBA team is 6million a year for Ron's service, why would the Euros flex all that juice in front of Ron's face? 20 million a year? That's likely more than 3 times the best offer from an NBA team. Perplexed.

I have tried to explain this so many times to Americans and they just can't seem to get it. Olympiacos never signed Childress for his play. He's like the 6th to 8th best player on the team. They signed him to make a point to the NBA players agents and US sports media. The point being they can sign any player they want and for any amount of money.

The point being that they could then down the line have the ability to talk to any NBA player they wanted. Artest and Gordon are the same examples. To show how much they can spend and that they can get any player. It has nothing to do with basketball issues.

Olympiacos even though it is my team I seriously doubt even if they signed both Artest and Gordon that they could beat Panathinaikos with its current roster which is by far the best team in European history and surely would even beat some NBA playoff teams in a 7 game series.

There is not even a poitn basketball related to the offers. The whole thing is to set up the setting to get Wade or LeBron in 2010. Before you do that you have to establish the name with them. Just like before Olympiacos offered Webber $10 million a year and he actually refused to even talk with them and then insulted the team, the owner, and the league in the press and called them a joke.

Well that is why Olympiacos signed Childress for 5 times more than his production is worth. He is nothign but a role player for them like he was with the Hawks. He did not even make the 3rd team of the Greek League and was not even nominated as one of the top 10 small forwards in the Euroleague. Yet he is the highest paid player ever in Europe. The point is not basketball related. The point is that now after signing Childress and paying him a near max NBA salary that they can call guys like Gordon, Artest, Iverson and they and their agents want to meet with them.

The point then to sign them for contracts above NBA max deals is to then have the eyes of Wade and LeBron next year. It seems impossible for American fans to grasp this but believe it or not they don't sign average players like Childress to enormous contracts for basketball reasons. He was probably the third best player at his own position on the team. But the signing is a PR move and it has worked extremely well.

Where do the Greeks get all their moniez from? I want some of that.

[moofs]

5 million in Europe = 10 million in the NBA

Oh yeah, rub it in our faces that we pay 50% in taxes but get like a tenth of the services that Europe does.

source:


+ sales tax
+ state taxes (where applicable)
+ property tax
+ city tax (where applicable)
+ county tax (where applicable)
+ school tax
+ better not travel or you get the omghoteltax - gotta help pay for those poor billionaires' stadiums y'know.

[TMU]

A yatch huh? Bastards! I say we add a Segway to sweeten our offer.

[KWSN-Men]

Where do the Greeks get all their moniez from? I want some of that.

Panathinaikos and Olympiacos are two of the biggest multi sports clubs in the world. They are right up there with the biggest cricket clubs, the other big multi sport clubs like Real Madrid, FC Barcelona, biggest soccer clubs like Chelsea, Joventus, Manchester United, the biggest US sports clubs like the Yankees, the Cowboys, etc. Both Panathinaikos and Olympiacos are far richer for example than the Rockets are. I am certain of that.

[KWSN-Men]

5 million in Europe = 10 million in the NBA

Oh yeah, rub it in our faces that we pay 50% in taxes but get like a tenth of the services that Europe does.

Well in Greece your paycheck loses 40%. On top of that you pay taxes on a lot of other things. So no difference. The difference is that your income is net. In America everyone says "I make $50,000 a year". But that's not true because the government takes part of it. Well in Greece if you say you make $50,000 you actually keep it all.

In America employers get away with a big lie of telling you that your income or salary is the before taxes number, when it is most certainly not.

[moofs]

Health care! Health care!

I personally pay roughly $[a lot]/yr strictly for the OPTION to get health care, then another 40-150 per actual visit. And my health insurance is a decent plan for here.
Yours is "free", afaik.



(p.s. it's about to get worse - Obama and McCain were both heavily financed by health care and banks, they don't give away money for free, as we've already seen with the bailouts that were used almost exclusively to buy more toxic debt)

[tosi]

coming to toronto

[tisbee]

I'm considering Megan Fox as an option for my next girlfriend.

(Moofs,
Actually no-one knows where the bank bail-out money went. Certainly not Treasury,Congress or the GAO. And to think I used to laugh because the EU has NEVER balanced their books. Sigh.)

[jove9]

I'm considering Megan Fox as an option for my next girlfriend.

(Moofs,
Actually no-one knows where the bank bail-out money went. Certainly not Treasury,Congress or the GAO. And to think I used to laugh because the EU has NEVER balanced their books. Sigh.)

Maybe it went to fund Nicaraguan Contras?

Anyone seen Ollie North lately?

[TMU]

Ron Artest was surprised to hear a report earlier this offseason that claimed he was open to playing in Greece.

"Ummm, I read that too somewhere," Artest said on KHTK in Sacramento. "I read that and they said 'Ron Artest is open to playing in Greece.' And I said, 'Oh, for real? Let me speak to them.' "