Jul 12, 2010, 10:35 am
No. For example Childress makes 4.2m net. Add to that 80% (3.3m euros), total 7.5m euros.
The new tax is 45% (From 25% it was before) on the gross contract. So 45% of 7.5m euros is 3.3m. But Greek club presidents use the percentage over net contracts, to impress media and fans more, after all 80% sells more than 45%.
Anyway, seems that [url="http://www.talkbasket.net/news/childress-leaving-greece-heading-to-arizona-to-meet-turkoglu-3404.html"]Childress leaving Greece, heading to Arizona to meet Turkoglu[/url]
[url="http://www.talkbasket.net/news/omar-cook-moves-to-valencia-3403.html"]Omar Cook moves to Valencia [/url]
The new tax is 45% (From 25% it was before) on the gross contract. So 45% of 7.5m euros is 3.3m. But Greek club presidents use the percentage over net contracts, to impress media and fans more, after all 80% sells more than 45%.
Anyway, seems that [url="http://www.talkbasket.net/news/childress-leaving-greece-heading-to-arizona-to-meet-turkoglu-3404.html"]Childress leaving Greece, heading to Arizona to meet Turkoglu[/url]
[url="http://www.talkbasket.net/news/omar-cook-moves-to-valencia-3403.html"]Omar Cook moves to Valencia [/url]
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