OxAndFox wrote:Oh, okay, so any figure already has taxes taken into account. Makes sense.
The buyout is marginal. I believe is just under $1m so not a big deal. It might also be a reason to offer Vezenkov such a big deal right now because it just might make it tougher for an NBA move later down the line. It would be interesting to see the details of what a buyout would be. It might make it almost unrealistic moving forward.
Take Usman Garuba, he had a $3m Euro buyout. That's ok, he is young and betting on himself to make up for it. Not sure you would want to do that in 1-2 years being Vezenkov.
Vezenkov isn't even close to the top earners in Euroleague so money would be important on this next contract. For context, I think it was Olympiakos had a 9m euro team budget either last year or the year before. The average team budget is around $9m US.
So effectively what Mirotic is saying, Olympiakos just offered Vezenkov half the team budget from I think either this last season, or the season prior. That's not nothing, and would clearly make him the 2nd highest paid player behind Mirotic. Not the poster, but the player.
If any sources are saying the budgets in EuroLeague are that low, you absolutely cannot trust them at all. Those types of budgets get listed usually coming from the teams themselves, because they are trying to cover up expenses. The EuroLeague currently does not have a rule that the teams have to release actual budgets - they can just claim any amount they want. And claiming budgets way lower than the actual amount is what they often do, to make it appear like they "did more with less".
At the end of the seasons though, the media gets the actual budgets from the sports agencies, and they are way higher than 9 million. From the numbers that come from the media, not the clubs (skewed downwards), the four smallest budgets in the EuroLeague are:
18. ALBA Berlin - €12 million euros
17. Zalgiris Kaunas - €12 million euros
16. Red Star Belgrade - €12 million euros
15. ASVEL - €16 million euros
So no team has a budget lower than €12 million euros. Olympiacos has a budget of around €25 million euros, which is like a midlevel EuroLeague budget. While the teams at the higher end, like say Real Madrid and Barcelona, have budgets of around €45 million euros. When the 2024-25 season starts, EuroLeague teams won't be allowed to fudge their budgets anymore, as a new rule will make them publish all the actual budget amounts. But for the time being, you can still see these fake budgets that are much lower than the actual ones being published.