Vasa Micic Highest Paid EuroLeague Player: around €16.65M for all three years of the contract

[MGB8]

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Micic's new EuroLeague contract is said to be for €5.55 million euros net income per season ($6.6 million US dollars) net income per season. Niko Mirotic's EuroLeague contract is reported to be $6.2 million US dollars net income per season.

Alexey Shved's EuroLeague contract was reported to be $4.5 million US dollars net income per season. Shane Larkin's EuroLeague contract is reported to be $4 million US dollars net income per season.

Note that this is the amount of money earned after taxes, agent fees, and union fees, etc. are already paid, as this is considered a normal way to report salaries in Europe. In general, the standard to convert to an NBA contract is to multiply the European contract by 2.225.

So Micic would be making about $14.7 million per season, in NBA money. While Mirotic would be making about $13.8 million per season, in terms of NBA money. So the NBA equivalent salaries would be:

1. Vasa Micic - $14.7 million per season

2. Niko Mirotic - $13.7 million per season

3. Alexey Shved - $10 million per season

4. Shane Larkin - $8.9 million per season

The 2.25 multiplier seems WAY off. A euro is currently about 1.2 dollars. There is no way to fully report salaries as after tax, given travel / jurisdictional tax issues - and then you have to factor in that Europe reduces its income taxes by focusing a lot of taxation via heavy VATs (which might, though, help rich basketball players because the biggest effect is on top rates). Agent fees are capped at 4% and generally around 3 per the internet. I doubt that NBAPA fees amount to one tenth of that.

Per publicly sourced data, all taxes and fees on NBA players about to 42% of their salaries (on average). That means, that on the high end - if the reported salary does not have any taxes or other fees / dues taken from it, the salary would be around 10.7M equivalent - way under the 14.7 listed in this post.

[ROA]

and playing way less games. thats a sweet ass deal.

The EuroLeague teams play 85-90 games a season.

85-90 high intensive games, not NBA regular season games.

[DaddyCool19]

Read on Twitter

Micic's new EuroLeague contract is said to be for €5.55 million euros net income per season ($6.6 million US dollars) net income per season. Niko Mirotic's EuroLeague contract is reported to be $6.2 million US dollars net income per season.

Alexey Shved's EuroLeague contract was reported to be $4.5 million US dollars net income per season. Shane Larkin's EuroLeague contract is reported to be $4 million US dollars net income per season.

Note that this is the amount of money earned after taxes, agent fees, and union fees, etc. are already paid, as this is considered a normal way to report salaries in Europe. In general, the standard to convert to an NBA contract is to multiply the European contract by 2.225.

So Micic would be making about $14.7 million per season, in NBA money. While Mirotic would be making about $13.8 million per season, in terms of NBA money. So the NBA equivalent salaries would be:

1. Vasa Micic - $14.7 million per season

2. Niko Mirotic - $13.7 million per season

3. Alexey Shved - $10 million per season

4. Shane Larkin - $8.9 million per season

The 2.25 multiplier seems WAY off. A euro is currently about 1.2 dollars. There is no way to fully report salaries as after tax, given travel / jurisdictional tax issues - and then you have to factor in that Europe reduces its income taxes by focusing a lot of taxation via heavy VATs (which might, though, help rich basketball players because the biggest effect is on top rates). Agent fees are capped at 4% and generally around 3 per the internet. I doubt that NBAPA fees amount to one tenth of that.

Per publicly sourced data, all taxes and fees on NBA players about to 42% of their salaries (on average). That means, that on the high end - if the reported salary does not have any taxes or other fees / dues taken from it, the salary would be around 10.7M equivalent - way under the 14.7 listed in this post.

42% in the NBA seems too low. I think there was a thread here, about how much of the salary of a NBA player receive after taxes, escrow and agent fees and the net rate was between 45-52%. I think Curry was around 45% James in his Cavs days at around 50% and Horford or Harden IIRC was around 52%.

If we take 2M € after taxes in europe, wouldn't that be around 4,3M $ before taxes, if we say your average player pays 45% taxes.

[MGB8]

Read on Twitter

Micic's new EuroLeague contract is said to be for €5.55 million euros net income per season ($6.6 million US dollars) net income per season. Niko Mirotic's EuroLeague contract is reported to be $6.2 million US dollars net income per season.

Alexey Shved's EuroLeague contract was reported to be $4.5 million US dollars net income per season. Shane Larkin's EuroLeague contract is reported to be $4 million US dollars net income per season.

Note that this is the amount of money earned after taxes, agent fees, and union fees, etc. are already paid, as this is considered a normal way to report salaries in Europe. In general, the standard to convert to an NBA contract is to multiply the European contract by 2.225.

So Micic would be making about $14.7 million per season, in NBA money. While Mirotic would be making about $13.8 million per season, in terms of NBA money. So the NBA equivalent salaries would be:

1. Vasa Micic - $14.7 million per season

2. Niko Mirotic - $13.7 million per season

3. Alexey Shved - $10 million per season

4. Shane Larkin - $8.9 million per season

The 2.25 multiplier seems WAY off. A euro is currently about 1.2 dollars. There is no way to fully report salaries as after tax, given travel / jurisdictional tax issues - and then you have to factor in that Europe reduces its income taxes by focusing a lot of taxation via heavy VATs (which might, though, help rich basketball players because the biggest effect is on top rates). Agent fees are capped at 4% and generally around 3 per the internet. I doubt that NBAPA fees amount to one tenth of that.

Per publicly sourced data, all taxes and fees on NBA players about to 42% of their salaries (on average). That means, that on the high end - if the reported salary does not have any taxes or other fees / dues taken from it, the salary would be around 10.7M equivalent - way under the 14.7 listed in this post.

42% in the NBA seems too low. I think there was a thread here, about how much of the salary of a NBA player receive after taxes, escrow and agent fees and the net rate was between 45-52%. I think Curry was around 45% James in his Cavs days at around 50% and Horford or Harden IIRC was around 52%.

If we take 2M € after taxes in europe, wouldn't that be around 4,3M $ before taxes, if we say your average player pays 45% taxes.

It's what I saw on a google search. Escrow is a different bag, too. But highest US federal tax rate is 37% for dollars over just under $520K (not including many ways to reduce income - to include deducting Union dues and very possibly agent fees) or 620K if married, with lower rates for prior earned dollars. Social Security, Medical and Medicaid are taxed at another 6.2%, but that stops at around $140,000. Average state income tax is around 5% top tax rate - with plenty of 0% rates, or PA at just over 3%, and Cali at 13.3 (yikes) or NJ at 10.75 (still yikes) - but top tax rates aren't the total effective rate.

So with modest tax planning you are probably talking an effective rate of 35% federal, 4% state (though it varies tremendously by state), 3% agent fees... 42% doesn't seem all that far off.

And, again, escrow isn't something you can compute into this - because generally the players get it all back (plus some interest) - it's for revenue shortfalls from estimates.

[dhsilv2]

I just felt the need to express my hate for using gross salaries in negotiations. It simply reflects strength of negotiating sides (gross usage where companies are simply being interested in cost control only and net salary usage revealing economies or industry niches where employees are stronger side).

To compare salaries across countries fairly, one needs to include rents and cost of living as well (not that it matters in sallaries amounting in millions, but it is vitally important to regular people).

The differences between states in the US is just as huge in many cases as this. But the bigger point is, when in millions, meh.

[Domejandro]

I was a HUGE fan of Vasilije Micić going into the 2014 Draft, so I am happy to see him continue to grow as a player.

[Lockdown504090]

and playing way less games. thats a sweet ass deal.

The EuroLeague teams play 85-90 games a season.

85-90 high intensive games, not NBA regular season games.

Just curious, how do you get to 85 games? isnt it like eurolegue like 40 or sum then other league like 30?

[ACMFFL]

The EuroLeague teams play 85-90 games a season.

85-90 high intensive games, not NBA regular season games.

Just curious, how do you get to 85 games? isnt it like eurolegue like 40 or sum then other league like 30?

Euroleague + national league + domestic cup. Last season Milano played 90 games.

[ROA]

The EuroLeague teams play 85-90 games a season.

85-90 high intensive games, not NBA regular season games.

Just curious, how do you get to 85 games? isnt it like eurolegue like 40 or sum then other league like 30?

Euroleague 40, National leagues ~40 (30+ regular season, then 1/4 final, 1/2 final and final in 2 or 3 wins), National cups 3-4, National Supercups 2-3.

[GYK]

So the MLE? I don’t see how you think they could get top end or middle of the pack NBA stars on the MLE.

[LuDux1]

90 FIBA games = 75 NBA games, if we go by minutes and some of those games obviously are against much weaker teams

[Goon]

Really wanted to see him in the NBA, but at the same time glad Euroleague kept one of their biggest talents. I do not really believe in those contracts, numbers seem way too big for Euro basketball.

The numbers are most likely gross, not net, then it makes more sense.

Given the budgets Euroleague teams have and the fact that they mostly lose money on the season, it's extremely unlikely anyone has such a big salary, as it would represent like 20-30% of the total budget. And I mean budget as a whole, not just payroll.

[Mirotic12]

So the MLE? I don’t see how you think they could get top end or middle of the pack NBA stars on the MLE.

https://www.yardbarker.com/nba/articles/values_of_2020_21_mid_level_bi_annual_exceptions/s1_14822_33288221

Mid-Level Exception (Non-Taxpayer):

2021-22 $9,720,900
2022-23 $10,183,800
2023-24 $10,646,700

The non-taxpayer mid-level exception is the primary tool available for over-the-cap teams to add free agents. As long as a team hasn’t dipped below the cap to use cap space and doesn’t go over the tax apron ($138,928,000) at all, it can use this MLE, which runs for up to four years with 5% annual raises.

Mid-Level Exception (Taxpayer):

2021-22 $6,003,900
2022-23 $6,289,800

------------------------------------------------------------------------------------------------------

Micic's salary of nearly $15 million gross is much higher than the NBA's MLE is.

The numbers are most likely gross, not net, then it makes more sense.

Given the budgets Euroleague teams have and the fact that they mostly lose money on the season, it's extremely unlikely anyone has such a big salary, as it would represent like 20-30% of the total budget. And I mean budget as a whole, not just payroll.

EuroLeague clubs have much bigger total budgets than that on average. Panathinaikos, Olympiacos and Maccabi are considered to have mid-sized budgets for EuroLeague, and if we are talking about "total budgets", they have total budgets of around €25 million euros a season. That's considered a mid-level total budget, or maybe even a smallish total budget. It's probably not even in the upper half of the EuroLeague budgets.

The budget isn't the amount of money that a team is capable of spending. It's simply the amount the ownership decides to spend at any given time. For example, CSKA's budget often fluctuates noticeably from year to year, based on what the owners want to spend. It even sometimes fluctuates considerably within a given season. Like in 2015, when they signed Kirilenko for $5 million US net income, after the season had already started and their budget was already set and that salary wouldn't even show up on the reported budget.

Anadolu Efes Basketball Club is owned by the Anadolu Efes Group, a large beer and retail company in Europe. The ownership has plenty of money to spend on players any time they want to. If they wanted to spend $20 million a season on a player they could do it.

https://www.the-top-twenty.com/the-top-20-biggest-brewery-companies-in-the-world/

Biggest Breweries in the World

12. Efes Group (Turkey) – 2,110 million liters per year

Anadolu Efes Biracılık ve Malt Sanayii A.Ş. produces and markets beer and malt and non-alcoholic beverages in a wide geographical area comprising Turkey, Russia, the Commonwealth of Independent States (CIS), Europe, Central Asia and the Middle East. Anadolu Efes is a member of the Anadolu Group. Anadolu Group was founded in the early 1950s by the Özilhan and Yazıcı families.

[Goon]

The numbers are most likely gross, not net, then it makes more sense.

Given the budgets Euroleague teams have and the fact that they mostly lose money on the season, it's extremely unlikely anyone has such a big salary, as it would represent like 20-30% of the total budget. And I mean budget as a whole, not just payroll.

EuroLeague clubs have much bigger total budgets than that on average. Panathinaikos, Olympiacos and Maccabi are considered to have mid-sized budgets for EuroLeague, and if we are talking about "total budgets", they have total budgets of around €25 million euros a season. That's considered a mid-level total budget, or maybe even a smallish total budget. It's probably not even in the upper half of the EuroLeague budgets.

The budget isn't the amount of money that a team is capable of spending. It's simply the amount the ownership decides to spend at any given time. For example, CSKA's budget often fluctuates noticeably from year to year, based on what the owners want to spend. It even sometimes fluctuates considerably within a given season. Like in 2015, when they signed Kirilenko for $5 million US net income, after the season had already started and their budget was already set and that salary wouldn't even show up on the reported budget.

Anadolu Efes Basketball Club is owned by the Anadolu Efes Group, a large beer and retail company in Europe. The ownership has plenty of money to spend on players any time they want to. If they wanted to spend $20 million a season on a player they could do it.

https://www.the-top-twenty.com/the-top-20-biggest-brewery-companies-in-the-world/

Biggest Breweries in the World

12. Efes Group (Turkey) – 2,110 million liters per year

Anadolu Efes Biracılık ve Malt Sanayii A.Ş. produces and markets beer and malt and non-alcoholic beverages in a wide geographical area comprising Turkey, Russia, the Commonwealth of Independent States (CIS), Europe, Central Asia and the Middle East. Anadolu Efes is a member of the Anadolu Group. Anadolu Group was founded in the early 1950s by the Özilhan and Yazıcı families.

Did you really just quote me the production of liters to justify the salary, haha come one man. If you want to throw out facts, list team budgets not beer. I know that the richest EuroLeague teams have their yearly budget in the 30-50 million range, and usually, about 50-60 percent of the total budget goes towards the first team payroll, which just goes to show that spending 15 million on one player is not just unlikely, but almost impossible.

[PlatinumState]

This is disappointing news to me. I always wanna see players test their talent in the NBA.
He's never going there being 27 and signing that extension now

[lonzo_pelota]

how long is a euro season , games and % of the year

[p0peye]

I just felt the need to express my hate for using gross salaries in negotiations. It simply reflects strength of negotiating sides (gross usage where companies are simply being interested in cost control only and net salary usage revealing economies or industry niches where employees are stronger side).

To compare salaries across countries fairly, one needs to include rents and cost of living as well (not that it matters in sallaries amounting in millions, but it is vitally important to regular people).

100%. There are developers in San Fran who are accepting fully remote roles for 100k less. Moving to butt **** nowhere and saving so much CNN more money.

Right, I'm in software development industry myself and we are probably very mobile workforce in international terms even before COVID. I've worked in three different countries so far and gross salaries are totally useless data from employee perspective when making a decision to move or not.

In example, I've had same standard of living or arguably slightly better in Serbia where my gross salary was 3x less than current salary in Ireland. Difference in taxes, rents, medical insurance and scholarships for children can be crazy. Simply focusing on earning potential, best I've had was in GCC countries as UAE, Qatar or Oman where there's no tax and companies offer rent allowances + company cars. Ofcourse, for families quality of schools or cultural immersion for your kids sometimes outweighs financial gains, just like singletons might prefer better nightlife.

I spent couple of months in Bay Area (San Carlos) in 2018 and for family it was hard to make an argument for relocating from financial standpoint.

[MemphisX]

Yeah at some point the euros gonna start taking top end European talent from nba...or maybe some good middle of The pack American guys

No their not.

[DaddyCool19]

This is disappointing news to me. I always wanna see players test their talent in the NBA.
He's never going there being 27 and signing that extension now

He can opt out in the summer of 2022 and in 2023 if he gets an offer from a NBA team

[Pachinko_]

The only way EL will ever get close to NBA money is if they make it a closed League where every team is guaranteed their spot next year and they don't participate in other national leagues. That's the only way investors will feel secure enough to drop a billion on a basketball team in Serbia or Lithuania, and they're a long way away from that.