July 17 Just Became Important To The Philadelphia 76ers

Concrete contract clauses

But this is not new.  We covered the factors of the wages a year ago in an article titled Dario Saric Economics. In the article, we described the complexity with the Anadolu Efes for a reported 6 million Turkish Lira. But it’s not the money as much as it was the two plus one terms of the contract.

Two plus one was a forced insurance that Saric would play a minimum of two years with Anadolu Efes with no option for a buyout until the end of the second year – now.

One of the key points to this is the buyout clause.  It sounds simple enough, but it complicates everything.  You see, the buyout is defined in the collective bargaining agreement to come not from the team’s purse-strings, but as an advance on the players salary.   That buyout would equate to $1.2 million.  That comes off the top of Saric’s paycheck.  Now the other matter?  Income taxes.

In the United States, that is a hefty bite.  Overseas, the contracts are net of taxes.  So when we begin chatting about the salary earned, the impact to a player is pretty hefty.

Much has been placed in the public eye as to the intentions of Dario Saric to come to the United States.  And to be truthful, I think it’s very authentic sentiments.  But at the point of signing on the bottom line and realizing the drop of $10,000,000 in earnings over the four year period

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