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re: Can someone explain Bogdanovic's contract with the Kings?
Posted on 6/28/17 at 9:13 pm to Keys Open Doors
Posted on 6/28/17 at 9:13 pm to Keys Open Doors
quote:Article also mentions they signed him to this contract to lure him from Europe
The Phoenix Suns selected the 6-foot-6 Bogdanovic with the No. 27 pick in the 2014 NBA draft and traded his rights to the Kings as part of a deal during the 2016 draft. Because three NBA drafts have passed since Bogdanovic was selected, he is not bound by a rookie-scale contract, which allows him to sign a more lucrative deal.
This post was edited on 6/28/17 at 9:14 pm
1
Posted on 6/28/17 at 9:17 pm to tduecen
Thanks, I didn't realize that the rookie wage was eliminated after 3 drafts.
Yeah, he was probably making 3 million euros in net income so that would probably be about $5-6 million in a typical NBA contract where taxes are paid by the individual. Obviously this is much better, and I am surprised that they didn't just give him exactly one dollar more than his equivalent value in Euros. Seems like they were bidding against themselves.
Yeah, he was probably making 3 million euros in net income so that would probably be about $5-6 million in a typical NBA contract where taxes are paid by the individual. Obviously this is much better, and I am surprised that they didn't just give him exactly one dollar more than his equivalent value in Euros. Seems like they were bidding against themselves.
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