You wouldn't think an overseas team would pay him much, given that 1) he is 18 and has no experience past HS, and B) it is well known that he is a one and done player, than off to the NBA.
I wonder if you look at whatever salary he will make in that one year, travel expenses, overseas taxes, and all that jazz, how much money mama is actually going to see out of this.
I don't disagree with the principal, just not sure the "reward" is all Mudiay thinks it's going to be.
You wouldn't think an overseas team would pay him much, given that 1) he is 18 and has no experience past HS, and B) it is well known that he is a one and done player, than off to the NBA.
I wonder if you look at whatever salary he will make in that one year, travel expenses, overseas taxes, and all that jazz, how much money mama is actually going to see out of this.
I don't disagree with the principal, just not sure the "reward" is all Mudiay thinks it's going to be.
Under Armour is supposed to be part of his deal...they must be willing to bet on his future.
He will pay taxes on it somewhere. There or here.
He will pay taxes on it somewhere. There or here.
U.S. citizens working overseas get to work tax free for your first 80 thousand (or so) dollars earned per year. It's because having Americans work overseas (as long as it is temporary) basically imports money back into the U.S. from other countries.
I think there is more to it than that, but I will admit, I'm not positive.
Maybe I'll research it a little more tomorrow.
He will pay taxes, but wont be double taxed.
It's a good move for him. There is no reason for him to go to a school where he has no shot at an NCAA title for a year. Honestly, he probably shouldn't even have played. Just signed an endorsement deal, worked out for a year, adn then done an agent controlled workout before the draft next year, like Exum did. No sense in risking playing poorly in Europe and losing draft stock.
And it's an absolute joke that the NBA bars HS players from entering the draft immediately.
The only legitimate issue raised in not allowing them is that teams end up paying them to develop on the end of the bench and then when they're ready to contribute it's time for them to get a big contract. Well, that could be easily remedied by giving teams an additional team option year at the end of the rookie contract for anyone that leaves directly out of high school.
it is smart for the nba and for the nbapa ... and that ban is all most for sure going to 2 years out of high school