Navarro signs 4 year 20 to 24 million dollar deal

AleksandarN

Starter
Wow that is alot of money to play in europe.

http://www.commercialappeal.com/news/2008/jun/19/navarro-follows-money-to-spain/

The Grizzlies have experienced a different kind of La Bomba than they have become accustomed to.
Spanish guard Juan Carlos Navarro's chances of returning for a second season in Memphis were blown to pieces Wednesday afternoon when he decided to re-sign with FC Barcelona.
Navarro, who earned $538,000 with the Grizzlies last season, was swayed by a deal that will pay him between $20million and $24 million over the next four years.

After playing 10 seasons in Spain, Navarro nearly set a record for 3-pointers made by an NBA rookie.
The 27-year-old, 6-3 shooting guard proved to be a capable marksman as well as a capable defender.
The money, however, was too much to pass up. Memphis just wasn't going to match what Navarro stood to make in Europe.
The Grizzlies are still on the hook for a first-round draft pick they traded to the Washington Wizards to acquire the rights to Navarro. The pick is protected through 19 this year.
In 2009, picks 1-16 are protected; in 2010-12, picks 1-14 are protected; in 2013, picks 1-12 are protected. If the Wizards haven't used the pick by then, they will receive cash and a second-round pick.
Navarro was selected by the Wizards in the second round of the 2002 draft but never signed and developed into one of the top players in Europe.
Griz general manager Chris Wallace expressed no remorse about the deal.
"We needed to add outside shooting," Wallace said. "And obviously it was an attempt to solidify things with Pau (Gasol). But we're not going to have a Carmelo Anthony situation from it."
Wallace referred to the Vancouver Grizzlies' deal in which they relinquished the No. 2 overall pick in 2003 (which became Anthony) to satisfy a 1997 deal involving Otis Thorpe.
 
That is a lot of money for that player, Europe or otherwise.

Interesting that a Euro club can come up with MLE money, although probably only with the nationalism/hometown hero angle working. But if you are going to pony up that much cash, you might as well spend it on a player worthy of it -- not Juan Carlos Navarro. Then again, I would imagine the Spanish hero angle comes into play again on that front as well.
 
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You know come to think of it the given the weak dollar it(the contract) probably only worth a couple millions euros anyways. Serious though that is a lot of cash for only playing 40 games a years.
 
You know come to think of it the given the weak dollar it(the contract) probably only worth a couple millions euros anyways. Serious though that is a lot of cash for only playing 40 games a years.

Nobody plays 40 games a year anymore. It's more like 60-70, unless your team strikes out from all competitions early. Even then it's more then 40 because Euroleague and ULEB cub have group stages before knock-out stages.

Money doesn't surprise me, though. Pedja was offered significantly more then his rookie contract to move to Italy instead of NBA back in 98. Webber was offered more for 2 years (in 2007). What surprises me is that Navarro can get that much. Webber yes (sells tonnes of tickets and draws TV viewers, like many before him) but Navarro?
 
I'm sure the money ws very enticing, but who the hell wants to play for the grizzlies right now? You probably could have paid him 1.5 mill and he would have left. That's still a million more a year for at least the next 2 seasons, since he was in the rookie pay scale, and he gets to go home. It's kind of a no-brainer for him at 27.
 
You know come to think of it the given the weak dollar it(the contract) probably only worth a couple millions euros anyways.

That is a very good point. It will be very interesting to see what happens in a couple of years if Dollar keeps getting weaker comparing to Euro.
 
FC Barcelona and many clubs like it could probably outspend the majority of NBA teams if they really wanted to. For one I dont believe they have a salary cap, and secondly these institutions for the most part spend a ginourmous amount of money just buying a player (soccer) let alone paying his wages. These clubs have the money, but they just dont use it on basketball.
 
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