The Rest of the NBA

[phattymatty]

Plus Euro teams pay the players' taxes, so that $20M over 3 years is take home pay, much bigger than the Hawks were offering and a lot better than any NBA 20M contract.

[reese125]

5yrs 33 million offer by Hawks


http://www.ajc.com/sports/content/sports/hawks/stories/2008/07/23/childress_hawks_greece.html

[ice grillin you]

Plus Euro teams pay the players' taxes, so that $20M over 3 years is take home pay, much bigger than the Hawks were offering and a lot better than any NBA 20M contract.

remember the exchange rate too...they can throw 10 mil euros at him...and to an american its really $15 mil or so....unless childress plans on spending it all overseas and losing the difference...

[PoopyfaceMcGee]

Plus Euro teams pay the players' taxes, so that $20M over 3 years is take home pay, much bigger than the Hawks were offering and a lot better than any NBA 20M contract.

Wow.  $20m cash money?

FTW.  He would have been farging crazy to stay stateside.

[DH]

What the hell does FTW stand for?

[SunMo]

For
The
Win

[phattymatty]

5yrs 33 million offer by Hawks


http://www.ajc.com/sports/content/sports/hawks/stories/2008/07/23/childress_hawks_greece.html

so yeah 20/3 and 33/5 are about the same on the surface.  then in the hawks deal you figure with what these guys make, probably 40% or so goes to uncle sam.  big difference.

also, on the greek teams he can opt out his contract and entertain nba offers at the end of each season.  

add in the fact that he's going to be in greece and not atlanta.  it should be a no-brainer.

[phattymatty]

remember the exchange rate too...they can throw 10 mil euros at him...and to an american its really $15 mil or so....unless childress plans on spending it all overseas and losing the difference...

this i'm not sure of.  i think the 20M number is already converted to dollars.  so it's like 15M euros or whatever the rate is now.  if not, then obviously it's even more of a difference.

[Seabiscuit36]

For
The
Win

FTW

[ice grillin you]

remember the exchange rate too...they can throw 10 mil euros at him...and to an american its really $15 mil or so....unless childress plans on spending it all overseas and losing the difference...

this i'm not sure of.  i think the 20M number is already converted to dollars.  so it's like 15M euros or whatever the rate is now.  if not, then obviously it's even more of a difference.

if its already converted then hes not really making out cause he turned down 35 mil (or possibly more according to some reports) with atlanta...with taxes taken out it ends up being around the 20 mil that he signed in greece for

[DH]

He is able to opt out of his Greece contact after each year, and he will still be property of the Hawks as a RFA throughout his stay in Athens; unless ATL relinquishes that right. Those two factors alone make the deal better than any deal he could get in the US while the money is equal. 

All told, Urkel made a smart, smart move.

[phattymatty]

if its already converted then hes not really making out cause he turned down 35 mil (or possibly more according to some reports) with atlanta...with taxes taken out it ends up being around the 20 mil that he signed in greece for

20M/3 years > 20M/5 years

[phattymatty]

what a bunch of busts..

http://en.wikipedia.org/wiki/2000_NBA_Draft

[MDS]

lol @ speedy claxton

[BigEd76]

The Knicks gave up on Renaldo Balkman already, trading him to the Nuggets for Bobby Jones (who the Sixers gave up in the Reggie Evans deal), Taurean Green and a 2010 2nd-rd pick