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Peks buyout
Posted: Tue May 25, 2010 6:19 pm
by tvwolves7
Agent says Nikola Pekovic's buyout with Panathinaikos is worth $5 million.
http://www.canishoopus.com/Twitter is blocked for me at work. It is from HoopHype's so take it with a grain of salt. This seems higher then I would have thought.
Re: Peks buyout
Posted: Tue May 25, 2010 6:20 pm
by Krapinsky
tvwolves7 wrote:Agent says Nikola Pekovic's buyout with Panathinaikos is worth $5 million.
http://www.canishoopus.com/Twitter is blocked. It is from HoopHype's so take it with a grain of salt. This seems higher then I would have thought.
I think there's a decimal missing.
$0.5 million
Re: Peks buyout
Posted: Tue May 25, 2010 6:45 pm
by LordBaldric
I find this hard to believe.
Re: Peks buyout
Posted: Tue May 25, 2010 7:41 pm
by Breakdown777
Everytime they mention the buyout, they usually attach the word "affordable". 5 mil doesn't seem that affordable.
Re: Peks buyout
Posted: Wed May 26, 2010 2:22 am
by revprodeji
Contracts are not released for the EL but everytime his contract is discussed they say "affordable".
Re: Peks buyout
Posted: Wed May 26, 2010 3:16 am
by casey
And occasionally even "very affordable".
Re: Peks buyout
Posted: Wed May 26, 2010 8:26 am
by Saltine
That can't be correct, he was making just over 2 million dollars a year. The three year deal was worth a total of ~6 million, no way it had a 5 million dollar buyout in the third year. I think someone screwed up converting euros to dollars.
Re: Peks buyout
Posted: Wed May 26, 2010 8:46 am
by Saltine
I dig some digging, it should be at most 616,000 Dollars. The buyouts seem to range from 300k to 500k euros over there.
http://www.paobc.gr/player.php?category ... eriod_id=0Contracts/Salaries*
NAME PASS 09/10 10/11 11/12
Mike Batiste USA 1.500.000
Georgios Bogris GRE x
Nick Calathes (1) GRE 783.000 783.000 1.281.000
Dimitris Diamantidis GRE 2.100.000
Antonis Fotsis GRE 1.500.000
Sarunas Jasikevicius LTU x
Drew Nicholas USA 1.300.000
Nikola Pekovic (2) SER 1.300.000 1.300.000
Stratos Perperoglou GRE 450.000 450.000
Giorgi Shermadini (3) GEO x
Vassilis Spanoulis GRE 1.900.000
Milenko Tepic SER 800.000 800.000 800.000
Kostas Tsartsaris GRE 1.000.000 1.000.000
Dimitrios Verginis GRE 425.000 425.000 425.000
*All salaries in Euros, after taxes. Housing and car provided by the club.
(1) Contract in US-Dollars. 1.100.000$ = 783.000€ as of June the 9th 2009, 1.800.000$ = 1.281.000€ as of June the 9th 2009. NBA opt out every summer. NBA rights held by the Minnesota Timberwolves
(2) NBA opt out every summer. NBA rights held by the Minnesota Timberwolves.
(3) NBA opt out every summer. NBA buyout: 500.000€
Re: Peks buyout
Posted: Wed May 26, 2010 6:58 pm
by Jonelo
http://www.bebinio.com/Pekovic agains Big Sofo , Borousis and another big of Olimpìakos in the greek play off . I believe that Kurt Rambis and David Kahn are in the arena - and tomorrow in Barcelona .
Re: Peks buyout
Posted: Wed May 26, 2010 7:03 pm
by Rodeo Clown
Kahn when asked if the Pekovic 5 mil. buyout report is bogus said "Yes."
http://twitter.com/DarrenWolfson/status/14777817615
Re: Peks buyout
Posted: Wed May 26, 2010 7:36 pm
by younggunsmn
Saltine wrote:I dig some digging, it should be at most 616,000 Dollars. The buyouts seem to range from 300k to 500k euros over there.
http://www.paobc.gr/player.php?category ... eriod_id=0 NAME PASS 09/10 10/11 11/12
Nikola Pekovic (2) SER 1.300.000
*All salaries in Euros, after taxes. Housing and car provided by the club.
(2) NBA opt out every summer. NBA rights held by the Minnesota Timberwolves.
Thanks for this. This puts his Panathinaikos salary (1.3 mil Euros) at Between 1.7 and 1.8 million US Dollars (depending on the exchange rate), tax free.
The equivalent salary, as of Jan 1 2011, will be between 3.4 and 3.64 million $US, before taxes.
(Tax rate will be 49.35%. 39.6% federal + 1.9% new health care tax + 7.85% state income tax).
NBA teams can only pay 500k towards a buyout, so I expect his buyout is around that number since it is an NBA-specific buyout clause.
We are looking at paying him probably a minimum of 3.5 mil per season plus the buyout for him to come over this offseason.
Re: Peks buyout
Posted: Wed May 26, 2010 7:48 pm
by lobishome
Jonelo wrote:http://www.bebinio.com/
Pekovic agains Big Sofo , Borousis and another big of Olimpìakos in the greek play off . I believe that Kurt Rambis and David Kahn are in the arena - and tomorrow in Barcelona .
Halftime, somebody got 41 pts, and somebody got 26, but I can't understand those "F" greek letters !!
I will try get the stats.
Re: Peks buyout
Posted: Wed May 26, 2010 7:56 pm
by lobishome
Re: Peks buyout
Posted: Wed May 26, 2010 8:54 pm
by lobishome
Peko was dominant in the paint, but Europe isn't the NBA.
BTW, Olympiakos 0/23 3pts, and Teodosic 0/6. If Rubio does something like this, ...
Re: Peks buyout
Posted: Wed May 26, 2010 9:34 pm
by shrink
Thanks for stats. Not only is it fun to see Childress (and a Scoonie Penn sighting!), but how about stats that come with their own TENDEX? Poor Josh, at 0.031 so far.
Re: Peks buyout
Posted: Wed May 26, 2010 11:43 pm
by Saltine
No problem
I posted the wrong link though. Here is where I got the numbers;
http://www.in-the-game.org/?page_id=802
Re: Peks buyout
Posted: Thu May 27, 2010 1:26 pm
by Worm Guts
I thought this was funny. Some random poster on rubechat e-mailed Pekovic's agent pretending to be a scout for the Jazz and asked what his buyout was. Apparently it's 1 million dollars.
http://rubechat.kfan.com/viewtopic.php? ... 3#p1974923
Re: Peks buyout
Posted: Thu May 27, 2010 1:36 pm
by Mattya
Wow
He needs a better agent
