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May 29, 2009, 1:55 am
According sportbox.ru, CSKA Moscow is to reduce their budget for the new season and the reduction will be 30% of the current budget according to GM of the club Andrey Vatutin. Vatutin said that the budget of the team last season was between 55 and 60 million dollars which accounts for all the expenses of the team and not just the players.
Given this reduction in the budget it remains a possibility that certain players will be released from the team if they have really high contracts and they don't offer as much.
http://thehoop.blogspot.com/2009/05/cska...by-30.html
Looks like the financial crisis is striking them hard. However, they will still apparently have a budget of around 42 million dollars, which is still at the top of the Euroleague in budgets.
Given this reduction in the budget it remains a possibility that certain players will be released from the team if they have really high contracts and they don't offer as much.
http://thehoop.blogspot.com/2009/05/cska...by-30.html
Looks like the financial crisis is striking them hard. However, they will still apparently have a budget of around 42 million dollars, which is still at the top of the Euroleague in budgets.