CSKA Moscow president Andrey Vatutin said he expects a 30% reduction in the budget for the 2020/21 season.
“With such a drop in revenue, it’s hard to expect something good. Caution. I suppose that budget cuts will be about 30%. On the other hand, I hope that the current crisis, like the previous one, will lower the cost of players.
With all due respect to the stars of European basketball, their salaries aren’t determined by the income of clubs and leagues, as in the NBA, but by a peculiar race, a competition of the owners’ ambitions.
It should be understood that even if CSKA doesn’t have enough funds to secure large salaries for leading players, no one in Europe will be able to play comparable money since the crisis has affected everyone.
We have already approached the next season in a serious manner by announcing the extension of the contracts of two players (guard Daniel Hackett and forward/center Joel Bolomboy). But now we don’t understand how to plan the budget and therefore all further personnel movements are suspended,” Vatutin said in an interview with Sportbc.