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Even basketball stars are ditching the dollar for the euro these days.....

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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 09:53 PM
Original message
Even basketball stars are ditching the dollar for the euro these days.....
via Truthdig:



NBA Ballers Responding to Strong Euro


Posted on Jul 23, 2008

Last week it was Budweiser that was sold to the Europeans, this week it is the NBA that fell victim to a global economic shift thats seen the dollar nose-dive vis--vis the euro. Respected young forward Josh Childress accepted a fatter offer from a Greek club than the one his U.S. team reportedly was making. He may not be the last.


ESPN:

The deal is the most lucrative current contract in European basketball and the biggest in Euroleague history, according to the Atlanta Journal-Constitution, which first reported the signing. It follows the decision by top prep prospect Brandon Jennings to sign with an Italian club team rather than play a season at Arizona.

The newspaper reported Monday the Hawks had a deal on the table worth nearly $36 million, with a first-year salary in excess of the midlevel exception of $5.6 million.

Ive talked to a few guys, and it could become a trend, Childress said on a conference call about other Americans following his lead. Im not so sure it wont. Its different. We thought out of the box a little on this one.



http://www.truthdig.com/eartotheground/item/39080823_nb...






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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 09:56 PM
Response to Original message
1. Wow.
I don't even know how to respond to this.

These kids may not know too much about economics, but their agents more than likely do.

I am stunned.

Seriously.


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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 09:58 PM
Response to Reply #1
2. And actually, I think the kids know a lot more about economics than they get credit for.....
.... Childress sounds pretty sharp to me.


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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 10:26 PM
Response to Reply #2
4. Yeah, I thought that after I posted.
But, instead of changing it and pretending like that's what I meant to say, I just left it.

It's not like I've never misspoke before!


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BlooInBloo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 09:58 PM
Response to Original message
3. Did it even occur to anyone to ask what the same numerical deal would've been worth....
in US dollars a year or two ago?
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