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

[marmar]

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 that’s seen the dollar nose-dive vis-à-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.

“I’ve talked to a few guys, and it could become a trend,” Childress said on a conference call about other Americans following his lead. “I’m not so sure it won’t. It’s different. We thought out of the box a little on this one.”

http://www.truthdig.com/eartotheground/item/39080823_nba_ballers_responding_to_strong_euro/?ln

[ColbertWatcher]

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.

[marmar]

2. And actually, I think the kids know a lot more about economics than they get credit for.....

.... Childress sounds pretty sharp to me.

[ColbertWatcher]

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!

[BlooInBloo]

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?