Try 13.5 million. http://www.freep.com/apps/pbcs.dll/article?AID=/20080720/SPORTS07/807200599/1055 I don't blame Toronto in not matching and not wanting to pay $4 million a year for a backup to Jason Kapono. Delfino made the right choice, nobody was going to be dumb enough to give him that kind of deal here. Posey already won the "backup who will be incredibly overpaid" award for this year.
Delfino made the right decision for him. He's probably reached his ceiling as far as his NBA career goes. Now it's all about the money. Any team that pays him more than the vet min is a sucker anyways. I'm sure he knows this. Besides, I had him on my team on NBA Live and he sucked.
llol you actually believe that over Yahoo? Try this one, the biggest sports paper in Argentina: http://www.lanacion.com.ar/nota.asp?nota_id=1031276 Delfino aceptó jugar en Rusia y ganará más que Ginóbili El lunes venidero firmará en Madrid un contrato por US$ 30.000.000 por tres años para actuar en Khimki Translation 3 years contract worth $30 million US dollars with Khimki. Or if you still prefer just any old website over official press like Yahoo and Argentina's top sports paper, then you can go ahead and try to convince the board that SamFisher is right and ESPN is wrong. Good luck with your agenda SamFisher, it isn't working in the Jennings thread and it won't work here, everyone sees what you are doing. http://sports.espn.go.com/nba/columns/story?columnist=stein_marc&page=NBA-Notes-080719 Brandon Jennings might be getting all the media attention for deciding to respond to college eligibility issues by spending his mandatory season of NBA prep in Europe, but that's not the travel story that has teams around the league buzzing. NBA execs are far more concerned about the rising strength of the euro vis-a-vis the declining fortunes of the American dollar. After one season of great financial sacrifice to try to make it with the Grizzlies in Memphis, Spain's Juan Carlos Navarro couldn't say no to a lucrative return to Europe with his old friends at Spanish giant Barcelona. Argentina's Carlos Delfino followed suit this week, leaving the Toronto Raptors not for the return to the Detroit Pistons that he was offered, but for a fat contract from Khimki BC in Russia. Sources say Delfino will be earning nearly 3 million euros annually -- tax free, of course -- with his new club. One expert on the matter says that equates to an NBA salary of more than $9 million when you factor in the exchange rate and the tax money Delfino won't have to give back. At no time since his arrival on these shores in 2004, obviously, has Delfino been anything close to a $9 million player in the NBA. Khimki is also trying to sign Delfino's former Toronto teammate, Jorge Garbajosa, who is fresh off securing his release from the Raptors last month after an interminable contract wrangle stemming from a serious leg injury. But Garbajosa is expected to accept a similarly healthy compensation package from his hometown club in Spain, Unicaja Malaga, despite interest from the San Antonio Spurs. The overseas gold rush is such these days that Pops Mensah-Bonsu -- still trying to establish himself in the league after a brief stint with the Mavericks in 2006-07 -- was this week offered an estimated 850,000 euros to play in Spain for DKV Joventut. Which is probably too much cash for someone like Mensah-Bonsu to surrender, even if he lands a minimum-wage guaranteed contract in the NBA this season. Yet we have found at least one prominent target for the big foreign clubs who is determined to stay stateside. New Jersey Nets restricted free agent Nenad Krstic has been repeatedly linked to my favorite club abroad -- Israel's Maccabi Tel-Aviv -- but Krstic is determined to play out his comeback from a knee injury in the best league in the world, with the Nets quietly willing to move Krstic in a sign-and-trade if they can't work out a short-term deal to keep him. So SamFisher and your agenda, ESPN says Delfino is making the equivalent of about $9 million per year US gross, which is the same as a 3 year $27 million NBA contract (double the laughable amount you are trying to pawn off on the forum) AND it states NBA execs are worried about this trend. You are pretty much wrong on everything you ever said in this thread and the Jennings one.
It's the detroit free press - why don't you calm down. Let's examine your math for a second. 3 million euros = approx $ 4.5 million $ 4.5 million * 3 years = $13.5 million What precisely is your dispute with the Detroit Free Press' report that he siged for 3 years, 13.5 million $ ?
Well, I think there's more to life than money, but the other reasons being culture, fame, playing time probably are probably as attractive for Delfino in Russia as anything else compare to the U.S. He's played in the NBA, he's proven he's good enough for this level. However, he probably felt that his growth in the NBA is done and he's chosing another situation that's probably better him.
I lived in Russia for about 3 and a half years. I saw a lot of Europe. A lot of Europe is nice. Moscow is ok. So far this thread has been pretty accurate except.... Contrary to popular belief, Russian girls are actually not very pretty. The only hot ones are the ones you see playing tennis.
You need to actually read what ESPN said. TAX FREE. Also it's more like 4.8 million dollars. 3 million euros = 4.8 million dollars, which equals $14.4 million over 3 years, TAX FREE. The exchange rate is about 1.6 to 1, so first the Detroit Free Press can't even do basic math. Next, it is TAX FREE salary. Forgive some here for pointing out that NBA salaries are NOT tax free like the one Delfino will get in Russia, like ESPN pointed out, like Yahoo explained would equal $10 million a year, ESPN said would equal $9 million a year. Obviously, the Detroit Free Press needs a math and taxes lesson. Tracy Mcgrady does not make $21 million, he makes $21 million gross. His net salary is about $14 million. The NBA reports his salary as $21 million because they use gross salaries. But he actually nets $14 million because of 35% federal taxes and he is in Texas so he doesn't have to pay state taxes. In Russia the reported and listed player salary is only his NET salary, not his gross salary. Therefore, Tracy Mcgrady would be reported as making $14 million in Russia because they only report net salary there. Russia, Greece, Spain leagues in basketball only count and report NET salary. So if you see that Theo Papaloukas makes 3 million euros or Sarunas Jasikevicius makes 4 million euros, that is their net salary. They don't report before taxes figures like the NBA does in the US. The Detroit Free Press prints a ridiculously lousy and incorrect article and the board is supposed to accept it as fact over Argentina's biggest sports paper, over Yahoo, and over ESPN? I don't think so. And I sincerely hope that you are not trying to argue that $14.4 million dollars NET is the same as an NBA contract which is $14.4 million gross.
Dude, stop going insane and calm down. I know what the article says - thats why I'm asking if you adjusted it for PPP. Do you even know what PPP is? If you're really trying to make a valuation then you'd have to factor that in as well. Fact - Delfino was offered a 9 million euro contract over three years. Fact - at present exchange rates, that translates to $4-5 million dollars per year over three years (which is what Toronto would have had to pay to match under NBA CBA rules). Fact - If I'm Toronto, committing US$13.5 million to Delfino is a bad move - bye bye Delfino. Those three facts above are all correct. Now you're screaming a bunch of noise about Delfno's take home pay - I don't really care that much, especially since you didn't adjust it for PPP, which was probably intentional on your part. OH yes - you do know that Canada uses the looney and not the greenback right? Toronto isn't in the U.S.
Since you don't know, PPP stands for purchasing power parity. Another thing that should be made clear: If you're a US Citizen or resident alien and you earn your money "tax free" abroad - guess what - the IRS doesn't care. You might get a few more deductions and credits, in fact I believe there is an exclusion that kicks in at the lower levels < 100 k, but that's it. If you pay foreing taxes you can take them as a deduction like you can for paying state income taxes here but that's it.
1. Delfino is from Argentina not the US 2. What you just posted is completely irrelevant to the topic at hand. Players pay the same taxes. The salary is reported differently. I gave the McGrady example and it went right over your head. In Russia if he made $21 million, it is only counted and reported as $14 million. He STILL pays the same tax to the US government. But in the US you say "he made $21 million." In Russia you would say "he made $14 million". Is that really so incredibly difficult for you to wrap your mind around? In Europe it is commonplace that your salary is what is on your pay stub that deposits in the bank account, NOT the number on it before taxes. If this is such a mind boggling concept to you, it's just another example of several xenophobic things you have posted in the Jennings thread.
oh really? You gave me an irrelevant example - but let's unpack it a bit. Yes because you're not making any sense. If tracy receives 21 million in Russia - his taxable income is 21 million for IRS purposes. If Tracy receives 21 million in the US, his taxable income is 21 million. - "counted and reported" doesn't mean **** under the Internal Revenue Code. Unless you're implying that he's going to be more likely to underreport his income in Russia - tax fraud is a separate matter. Yeah guess what genius, you're not the only person here to have ever lived abroad. The IRS has heard your argument and doesn't care. That's why there are credits and deductions for foreign taxes paid. There is no bullsh-t like "counted and reported" under U.S. Tax laws. Under the IRC, "anything of value" is taxable If you receive X amount worth from your foreign employer - including any foreign taxes paid - your taxable income for IRS purposes is X, less the corresponding deductions and credits (which are too low level to make a difference for basketball players).
McGrady if he made the same salary as he does in Russia in the NBA would STILL PAY THE SAME TAX TO THE US GOVERNMENT. The difference is when ESPN would say "tax free" is that because when ESPN reported his salary if he played in Russia it would be $14 million. Because there your "salary" is your net income. In the US your "salary" is your gross income. The US government would still get their $7 million. But what you are suggesting and it is 100 percent wrong, is that McGrady would then have to again pay taxes on his income. The reported salary from Russia would be the AFTER TAXES income. Therefore that $14 million is "tax free" because he ALREADY paid the taxes on it. Again because in Europe some countries your "salary" is the net income. Where on God's green Earth would you ever get the idea that the player is not paying taxes? In Greece for example the player salary is reported net and when you see Papaloukas at 3 million euros net, that means he pays no taxes on that amount because they only list net salary. He ALREADY paid 40% in taxes to the Greek government because that's what they pay there and it's known because how high it is. But in the NBA that 3 million euros salary would be a GROSS income. Like McGrady is listed at $21 million income but he HAS NOT paid taxes yet when you see his income listed that way. So please kindly explain to me where in the world you would ever get the idea that a net income salary in Russia means the guy is not paying US taxes. You seem to have a very difficult time with any subject that relates to a factual manner. Tell me who you know in the US that is taxed on their AFTER tax income. Because it's really amazing that you believe that we should be taxed on before tax income and then after that taxed yet again on our after tax income.
I agree - I don't know what you're arguing about then No - he would report his income as 21m then get a 7 m credit on foreign taxes paid which would be set off against his US tax liability. because you keep screaming about tax free - it's very difficult to qualify your understanding here. Ever pay sales tax? We pay lots of taxes after income taxes my young friend (though not as much as VAT/IVA using Europeans do).
