http://monsterontheboards.com/10/what-is-the-deal-with-nba-players-going-to-europe-how-do-the-euro-teams-find-so-much-money/ Basketball Equipment Wed, 08 Feb 2012 07:01:14 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://monsterontheboards.com/10/what-is-the-deal-with-nba-players-going-to-europe-how-do-the-euro-teams-find-so-much-money/comment-page-1/#comment-41 theburritokingofmontreal Fri, 15 Jan 2010 21:35:58 +0000 http://monsterontheboards.com/?p=10#comment-41 Here's the thing about euro teams. Most leagues only allow a certain amount of American players. The top Russian league only allows 2 per team. Many of the euro born players make something like 500 k per year unless they are really good. There is a salary cap for many euro leagues but they are also able to trade between leagues like soccer teams are. On top of that, they are backed by corporations like Phillips and have a never-ending supply of money to bankroll teams. Seriously, have you ever watched a euro game? The stands are only about 1/3 full. It's a corporate write off for taxes. Often times instead of money, companies offer other perks like housing, paying taxes, private chefs, and a car and driver, which they can write off as tax deductions. It is still high quality basketball, but mostly it's a tax write-off for major international corporations. Because Benneton needs more money? Here’s the thing about euro teams. Most leagues only allow a certain amount of American players. The top Russian league only allows 2 per team. Many of the euro born players make something like 500 k per year unless they are really good. There is a salary cap for many euro leagues but they are also able to trade between leagues like soccer teams are. On top of that, they are backed by corporations like Phillips and have a never-ending supply of money to bankroll teams. Seriously, have you ever watched a euro game? The stands are only about 1/3 full. It’s a corporate write off for taxes. Often times instead of money, companies offer other perks like housing, paying taxes, private chefs, and a car and driver, which they can write off as tax deductions.
It is still high quality basketball, but mostly it’s a tax write-off for major international corporations. Because Benneton needs more money?

]]> http://monsterontheboards.com/10/what-is-the-deal-with-nba-players-going-to-europe-how-do-the-euro-teams-find-so-much-money/comment-page-1/#comment-40 tony_c_75081 Fri, 15 Jan 2010 21:30:43 +0000 http://monsterontheboards.com/?p=10#comment-40 Good answer darin but it's true, those european teams have money, we're just not as familiar with those teams as we are with the american teams. I just recently started to familiarize myself with them. If I was a lower tier player and someone wanted to throw big bucks at me, I would certainly take it. Good answer darin but it’s true, those european teams have money, we’re just not as familiar with those teams as we are with the american teams. I just recently started to familiarize myself with them. If I was a lower tier player and someone wanted to throw big bucks at me, I would certainly take it.

]]> http://monsterontheboards.com/10/what-is-the-deal-with-nba-players-going-to-europe-how-do-the-euro-teams-find-so-much-money/comment-page-1/#comment-39 darin Fri, 15 Jan 2010 21:26:03 +0000 http://monsterontheboards.com/?p=10#comment-39 no salaray cap for 1. most of the organizations partner with a soccer club therefor making it a broader enterprise and franchise no salaray cap for 1. most of the organizations partner with a soccer club therefor making it a broader enterprise and franchise

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