Nikola Mirotic's 2019 Barca Contract Details: 6 Years $72.6 Million ($12.1 Million A Season)

[Mirotic12]

It's €11 million euros gross a season. Or, the same as a $12.1 million US dollars per season NBA contract....

https://as.com/baloncesto/acb/mirotic-no-perdona-nada-n/

Quiere cobrar íntegro el contrato, que sube hasta los 22 millones de euros, once por temporada.

El siguiente paso del club es comunicarle por escrito que se le rescinde el contrato e inmediatamente aprovisionar la cantidad máxima (22 millones) por si finalmente ha de hacer frente a la indemnización entera.

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And that's a 6 year long contract. That's $72.6 million over 6 years. What the hell........

[HoopsterJones]

No wonder he ran back to Europe. Man is getting paid.
And the Euroleague regular season is like 33 games?

Too soft to hang in the NBA anyways.

[Mirotic12]

No wonder he ran back to Europe. Man is getting paid.
And the Euroleague regular season is like 33 games?

Too soft to hang in the NBA anyways.

There are 34 games in the EuroLeague's regular season. But, Mirotic's team (Barca), also have to play in the Spanish Super Cup, the Spanish Cup, and the Spanish League. So it's probably about an 85 to 90 game season in all.

[Gusto1903]

Thats a **** for european teams, damn.
Is there a homegrown rule in Spanish League?

[HumbleRen]

good for him, making NBA money in a place where he can be the #1 option on

[Dirk]

Barcelona and Real Madrid lose tons of money every year. The only way they pay these salaries is with money from the football revenue. The salaries in Europe are mostly a joke... since there actually isn't revenue to sustain the highest salaries.

Not really sure why this is a topic on the GB though? And it is a very confusing topic...

Barcelona wants to get rid of Mirotic since they can no longer afford to lose as much money as they were losing with basketball. Now the football section is in trouble, so they also have to apply cuts to basketball (at least 30% reduction).

Looks like Mirotic wants to take all the guaranteed money with him. I guess they'll find a deal in the end.

At least edit the topic because people think Mirotic signed a new contract... when its the opposite... his team want to get rid of his contract... despite winning the league and being the best player on the team.

The salary was never real: it wasn't based on Barcelona's revenue from tv, tickets or sponsors. It was simply subsidised by football. That's over. No more salaries of the nature.

I have an idea... why doesn't the Euroleague and Europe try to actually have a plan to have sustainable teams and salaries and budgets? Simple thing: pay/spend what you actually generate in revenue. Instead it's just sugar daddies or soccer teams sponsoring high salaries for random players.

[Mirotic12]

The point of the topic was that we finally got a clarification on Mirotic's actual real salary with Barca. Up until now, it was rumors and never confirmed. And the reports of the amount varied widely, from as low as a total of $24 million, to as high as a total of $60 million.

Now, they finally reported the actual salary, because as you said, the team doesn't want him anymore, and so now they are trying to negotiate a buyout agreement.

It's just the stating of that actual real contract amount finally being made known. Just think of what a wild disparity the real amount is, versus some earlier reports that said it was $24 to $30 million.

Also, the football clubs subsidizing the basketball sections, and that being over isn't the case. EuroLeague teams have regular budget fluctuations of 30-50 percent, either up or down, all the time. Every single one of them does it. And they usually do it in like 3-5 year terms. So if they cut their budget by say 30%, then in a few years, the budget would be raised by 40%, or even 50%. That's basically how every single EuroLeague team has always operated.

They do budget cuts "from the football club" all the time. It's usually done as part of team rebuilds. So new coach, new and younger players, etc. It's exactly the same thing NBA teams do all the time. It doesn't mean their spending money is over, or that the football section cut them off. It actually means quite the opposite in fact. It actually means, they are getting ready to spend a bunch of money in a few years, after they do a reset.

And if you want to know the actual real reason for the budget cut having to be done right away - it's because the EuroLeague just created a salary cap, and also a luxury tax. It goes into effect starting with the 2024-25 season. All of the EuroLeague teams with big budgets are doing similar budget cuts, because none of them wants to pay the luxury tax, which will mean money goes from them, and is then given to the clubs that are below the tax threshold.

Also, Barca didn't sign Mirotic to win the Spanish League. They signed him to win the EuroLeague, which is 100 times more important. Unfortunately, they have failed to do that in his first four seasons with the club.

[wegotthabeet]

The point of the topic was that we finally got a clarification on his actual real salary with Barca. Up until now, it was rumors and never confirmed. And the reports of the amount varied widely, from as low as a total of $24 million, to as high as a total of $60 million.

Now, they finally reported the actual salary, because as you said, the team doesn't want him anymore, and so now they are trying to negotiate a buyout agreement.

It's just the stating of that actual real contract amount finally being made known. Just think of what a wild disparity the real amount is, versus some earlier reports that said it was $24 to $30 million.

Also, no, the football clubs subsiding the basketball sections, and that being over isn't the case. EuroLeague teams have regular budget fluctuations of 30-50 percent, either up or down all the time. Every single one of them does it. And they usually do it in like 3-5 year terms. So if they cut their budget by say 30%, then in a few years, the budget would be raised by 40%, or even 50%. That's basically how every single EuroLeague team has always operated.

They do budget cuts "from the football club" all the time. It's usually done as parts of team rebuilds. So new coach, newer younger players, etc. It's exactly the same thing NBA teams do all the time. It doesn't mean their spending money is over, or that the football section cut them off. It actually means quite the opposite in fact. It actually means, they are getting ready to spend a bunch of money in a few years, after they do a reset.

aren't Euroleague contracts a net figure? in the OP you said gross. i don't think that's accurate.

[mastermixer]

Barcelona and Real Madrid lose tons of money every year. The only way they pay these salaries is with money from the football revenue. The salaries in Europe are mostly a joke... since there actually isn't revenue to sustain the highest salaries.

Not really sure why this is a topic on the GB though? And it is a very confusing topic...

Barcelona wants to get rid of Mirotic since they can no longer afford to lose as much money as they were losing with basketball. Now the football section is in trouble, so they also have to apply cuts to basketball (at least 30% reduction).

Looks like Mirotic wants to take all the guaranteed money with him. I guess they'll find a deal in the end.

At least edit the topic because people think Mirotic signed a new contract... when its the opposite... his team want to get rid of his contract... despite winning the league and being the best player on the team.

The salary was never real: it wasn't based on Barcelona's revenue from tv, tickets or sponsors. It was simply subsidised by football. That's over. No more salaries of the nature.

I have an idea... why doesn't the Euroleague and Europe try to actually have a plan to have sustainable teams and salaries and budgets? Simple thing: pay/spend what you actually generate in revenue. Instead it's just sugar daddies or soccer teams sponsoring high salaries for random players.

Interesting take. Would you say the same thing about the WNBA?

[Mirotic12]

aren't Euroleague contracts a net figure? in the OP you said gross. i don't think that's accurate.

Yes, they are listed and reported by net income. It is explained in the article, that he is paid in gross. It talks about how the different countries in Europe have different taxes, and different than USA. And they are reporting the gross amount.

So basically, he came from the NBA, and so he wanted the amount set where he paid the taxes, so he could very easily compare the amount of the contract's worth against an NBA offer. It's in Spanish, but it's right here:

La tributación es más alta en Estados Unidos que en algunos países europeos (por ejemplo Italia) y el Barça se ha ofrecido a pagar la diferencia.

So yes, it is indeed accurate. Otherwise, the salary would be €11 million euros net a season, which would be just insane. They definitely are saying it's €11 million euros gross a season.

[wegotthabeet]

aren't Euroleague contracts a net figure? in the OP you said gross. i don't think that's accurate.

Yes, they are net income. It is explained in the article, that he is paid in gross, because he pays his own taxes. It talks about how the different countries in Europe have different taxes, and different than USA.

So basically, he came from the NBA, and so he wanted the amount set where he paid the taxes, so he could very easily compare the amount of the contract's worth against an NBA offer. It's in Spanish, but it's right here:



So yes, it is indeed accurate.

yeah sorry i speak three languages, but not Spanish. i guess that makes sense. i had a friend who played in the Euroleague and remember him telling me his salary was net.

[Mirotic12]

aren't Euroleague contracts a net figure? in the OP you said gross. i don't think that's accurate.

Yes, they are listed and reported by net income. It is explained in the article, that he is paid in gross, and paying his taxes. It talks about how the different countries in Europe have different taxes, and different than USA. And they are reporting the gross amount.

So basically, he came from the NBA, and so he wanted the amount set where he paid the taxes, so he could very easily compare the amount of the contract's worth against an NBA offer. It's in Spanish, but it's right here:

La tributación es más alta en Estados Unidos que en algunos países europeos (por ejemplo Italia) y el Barça se ha ofrecido a pagar la diferencia.

So yes, it is indeed accurate. Otherwise, the salary would be €11 million euros net a season. They definitely are saying it's 11 million euros gross a season.

[Dirk]

Barcelona and Real Madrid lose tons of money every year. The only way they pay these salaries is with money from the football revenue. The salaries in Europe are mostly a joke... since there actually isn't revenue to sustain the highest salaries.

Not really sure why this is a topic on the GB though? And it is a very confusing topic...

Barcelona wants to get rid of Mirotic since they can no longer afford to lose as much money as they were losing with basketball. Now the football section is in trouble, so they also have to apply cuts to basketball (at least 30% reduction).

Looks like Mirotic wants to take all the guaranteed money with him. I guess they'll find a deal in the end.

At least edit the topic because people think Mirotic signed a new contract... when its the opposite... his team want to get rid of his contract... despite winning the league and being the best player on the team.

The salary was never real: it wasn't based on Barcelona's revenue from tv, tickets or sponsors. It was simply subsidised by football. That's over. No more salaries of the nature.

I have an idea... why doesn't the Euroleague and Europe try to actually have a plan to have sustainable teams and salaries and budgets? Simple thing: pay/spend what you actually generate in revenue. Instead it's just sugar daddies or soccer teams sponsoring high salaries for random players.

Interesting take. Would you say the same thing about the WNBA?

Of course. I say this about the WTA and Grand Slams having equal pay when the sports are vastly different and don't generate the same return.

Those Spanish big teams have lost so much money. And they lose money every year. It doesn't matter if they win titles or not = they always lose money.

[Mirotic12]

yeah sorry i speak three languages, but not Spanish. i guess that makes sense. i had a friend who played in the Euroleague and remember him telling me his salary was net.

They are. But that's really just because of how they report it. The player gets the net amount that is agreed to, and then they report that amount as the salary. But the taxes still have to be paid, and usually the club pays the taxes, or if not, the player can. Although almost always the club does, because it saves the player that time and cost.

But if we are talking about budgets of the teams (like an NBA cap number), then the whole thing is counted. And they are talking about budget reductions there.

So it's like the opposite of the NBA numbers. In the NBA, the cap number of a team is reported as gross, but the players are actually paying the taxes. The EuroLeague teams count in their budgets, because the team still has to pay those taxes.

[mastermixer]

Barcelona and Real Madrid lose tons of money every year. The only way they pay these salaries is with money from the football revenue. The salaries in Europe are mostly a joke... since there actually isn't revenue to sustain the highest salaries.

Not really sure why this is a topic on the GB though? And it is a very confusing topic...

Barcelona wants to get rid of Mirotic since they can no longer afford to lose as much money as they were losing with basketball. Now the football section is in trouble, so they also have to apply cuts to basketball (at least 30% reduction).

Looks like Mirotic wants to take all the guaranteed money with him. I guess they'll find a deal in the end.

At least edit the topic because people think Mirotic signed a new contract... when its the opposite... his team want to get rid of his contract... despite winning the league and being the best player on the team.

The salary was never real: it wasn't based on Barcelona's revenue from tv, tickets or sponsors. It was simply subsidised by football. That's over. No more salaries of the nature.

I have an idea... why doesn't the Euroleague and Europe try to actually have a plan to have sustainable teams and salaries and budgets? Simple thing: pay/spend what you actually generate in revenue. Instead it's just sugar daddies or soccer teams sponsoring high salaries for random players.

Interesting take. Would you say the same thing about the WNBA?

Of course. I say this about the WTA and Grand Slams having equal pay when the sports are vastly different and don't generate the same return.

Those Spanish big teams have lost so much money. And they lose money every year. It doesn't matter if they win titles or not = they always lose money.

OK fair enough. Just curious why you said the "salary was never real". To me that implies that you think they were never going to fulfill the contract.

When it sounds like they made the contract when money was flowing, and now that the purse strings are tighter, they want to get off of it. Kind of a difference there,

[wegotthabeet]

yeah sorry i speak three languages, but not Spanish. i guess that makes sense. i had a friend who played in the Euroleague and remember him telling me his salary was net.

They are. But that's really just because of how they report it. The player gets the net amount that is agreed to, and then they report that amount as the salary. But the taxes still have to be paid, and usually the club pays the taxes, or if not, the player can. Although almost always the club does, because it saves the player that time and cost.

But if we are talking about budgets of the teams (like an NBA cap number), then the whole thing is counted. And they are talking about budget reductions there.

So it's like the opposite of the NBA numbers. In the NBA, the cap number of a team is reported as gross, but the players are actually paying the taxes. The EuroLeague teams count in their budgets, because the team still has to pay those taxes.

makes sense I guess. so Mirotic is paying taxes himself why? because he can claim residency in a cheaper tax haven or something?

[mikejames23]

Wow that's overpay.

I did sometimes wonder how good Mirotic could actually be if you exploited his potency a bit. I don't see him being 70 million good, however. That's good money to me.

[Mirotic12]

makes sense I guess. so Mirotic is paying taxes himself why? because he can claim residency in a cheaper tax haven or something?

I honestly have no idea. Maybe he likes doing tax returns? Who knows? Or maybe they just worded it strangely and confusingly in the article.

Greece's biggest sports site words it differently:

https://www.sport24.gr/basket/i-ekdikisi-toy-nikola-mirotits-sti-mpartselona-zitaei-oktapsifio-arithmo-gia-na-apochorisei.10095217.html

Πόσο είναι αυτό το ποσό; 22 εκατομμύρια ευρώ, 11 ετησίως! Στον τραπεζικό λογαριασμό του Μίροτιτς καταλήγουν 11 εκατομμύρια ευρώ ετησίως, από τα οποίο πληρώνει ο ίδιος τους φόρους του. Στην τσέπη του μένει ένα ποσό που ξεπερνάει τα 5.5 εκατομμύρια ευρώ, το οποίο εξυπακούεται ότι δεν πρόκειται να βρει στην αγορά της Ευρώπης.

The Greek source says he even gets a bonus buyout amount if he signs with an NBA team.

Ακούγεται απίστευτο, είναι όμως αληθινό. Ο Μίροτιτς έχει στο τραπέζι τα χρήματα μίας σεζόν, ακόμη και ένα μπόνους σε περίπτωση που βρει ομάδα στο NBA, ώστε να μη μετακομίσει σε ανταγωνιστή της Μπαρτσελόνα στη EuroLeague.

Sorry, my browser keeps not wanting to translate the text. But just click on the links and you should get a fairly decent translation.

[celticfan42487]

Hmm, I mean at his age he couldn't get that in the NBA.

But that's basically a non taxpayer's MLE now under the new CBA.

Similar "meh" players in their mid 20s would get that in the NBA and he'd never get that here.

That's impressive! They must have some roster requirement for Spanish players.

[Mirotic12]

Hmm, I mean at his age he couldn't get that in the NBA.

But that's basically a non taxpayer's MLE now under the new CBA.

Similar "meh" players in their mid 20s would get that in the NBA and he'd never get that here.

That's impressive! They must have some roster requirement for Spanish players.

You just need 3 players with Spanish passports, and 1 additional non-Spanish player that was in a youth club level, so like Luka when he played with Real's youth teams. So yeah, basically just 3 out of 18 roster places.