Is Europe a Threat to the NBA and the Magic?
Enter Europe. Seven years ago the Euro was about 80 cents. Now it's $1.58. Plus the European leagues pay foreigners taxes, so the players salaries are tax free. Childress has been offered a 3 year 12.5 million Euro contract. That's the equivalent of $20 million for three years. However, factor in a top tax bracket of 35% currently (which is likely to increase with whoever the next government is run by) and the contract is worth the equivalent of $10.25 million a year, or about $31 million and could not be matched by the Hawks.
Why am I writing about the miserable Atlanta Hawks on this Magic blog? Well besides the point that the Hawks continue to be poorly run and are working at missing the playoffs after last years good fortune... Turkoglu is likely in the last year of his contract this season. Next year, according to Hoopshype, is a player option. If he opts out he will demand big bucks that the Magic may not have. Gortat will be in the same boat. Both could be heading to Europe for BIGGER salaries than would be offered by the NBA after this year. Not to mention that the falling dollar makes it less likely that Fran Vasquez will ever show up in Orlando.
David Stern's goal as commissioner was to grow the NBA game internationally. But I'll bet he never saw this one coming, where better players start choosing European teams over the NBA.
This could become a real problem for the Magic as early as next year.