Kobe, Durant, Rose Each Paid Over $400k for Philippines Exhibition

by July 25, 2011
3


Kobe Bryant, Derrick Rose, Kevin Durant, and other NBA stars reportedly made themselves a nice chunk of change for running up and down the court a few times in the hoops-mad Philippines over the weekend. From SI: “There are marketing opportunities to discuss and negotiations to be had over possible jersey sales that would almost certainly result in players getting a significant slice of the financial pie that they don’t in their agreement with the NBA (although some expect the NBA would challenge the players’ ability to sign such deals). There is a fact that seems to always be forgotten, too: playing overseas means not paying taxes. While there are taxes to be paid, several agents with experience doing international deals said they typically negotiate for the team to cover those payments as part of the contract. So considering [Deron] Williams’ salary with the Turkish team, Besiktas, has been reported as a one-year, $5 million deal, that’s the approximate equivalent to a $10 million NBA deal for the player who stands to lose $16.3 million if the entire season is lost because of the lockout. There won’t be enough jobs for the masses, but the players, their agents, and union representatives clearly hope the threat of losing elite players strikes some fear in the owners’ hearts. Star-studded exhibition games like the two taking place in the Philippines this weekend are proving to be quite profitable as well, with one source with knowledge of the deals saying the Lakers’ Kobe Bryant, Oklahoma City’s Kevin Durant and Chicago’s Derrick Rose are being paid more than $400,000 apiece for their weekend of work (reminder: tax-free). Worthwhile ventures like these are a less-explosive strategy on the labor front, though there is — as reported by Yahoo! Sports on Saturday — an impatient contingent of agents who is pushing for a more aggressive approach that involves the decertification of the union and subsequent antitrust lawsuits.”