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Ricky agents meet DKV on Monday for agreement

 

Los agentes de Ricky se reunirán este lunes con la 'Penya' para llegar a un acuerdo

Los representantes de Ricky Rubio tienen previsto reunirse hoy con responsables del DKV Joventut de Badalona para intentar alcanzar un acuerdo en el litigio que mantienen para rebajar su actual cláusula de rescisión, valorada en 4,7 millones de euros, según ha anunciado el jugador. Después de que la pasada semana fuera elegido contra pronóstico con el número 5 del 'draft' por Minesota Timberwolves, el base verdinegro ha aterrizado hoy en Barcelona y ha declarado que no se ve jugando en otro equipo europeo que no fuera el verdinegro la próxima temporada. "Miraremos qué proceso tenemos que seguir, hablar con el Joventut a ver si llegamos a un acuerdo", ha dicho el joven base, quien considera que la demanda presentada contra el club de Badalona es un tema que se ha exagerado.

(Ed Note: If anyone could translate this, it would be greatly appreciated. We also need help with a translation for this post. Gracias in advance.)

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Google Translation

Ricky Rubio of Representatives are scheduled to meet today with officials from DKV Joventut Badalona of trying to reach agreement in the dispute who have to lower its current clause, valued at 4.7 billion euros, as announced by the player. After he was elected last week to forecast the number of 5 ‘draft’ for Minnesota Timberwolves, the green base has now landed in Barcelona and has declared that it is not playing in another European team than the green next season . “We look at what process to follow, speak with the Youth to see if we reach an agreement,” said the young base, who believes that the lawsuit filed against the club Badalona is an issue that has been exaggerated.

“It has been too so far, is not as serious as people think,” insisted the base who, after the drawing for the ‘draft’ left the door open to return to play another year in the ACB League, as the destination of Minnesota was not among their predilections. In any case, Ricky said that would not involve a step backwards not to play this upcoming season in the NBA. “Far from it, because I am still prepared to make the jump over to the NBA. I think I’m ready, but if I have to get one more year and win in terms of experience, much better,” he explained.

by McCleak on Jun 29, 2009 8:15 AM CDT reply actions  

Wow, someone’s been feeding us a line with this 6.6 million crap. We better hope the buyout gets lowered if this is true!

Jennings: F*** the Knicks, them n***** is always going to be weak.

by Xand1 on Jun 29, 2009 9:16 AM CDT up reply actions  

4.7 million euros

is about 6.6 million dollars. Unfortunately. Lo siento, tio.

by museum on Jun 29, 2009 10:59 AM CDT up reply actions  

I was referring to the google translation’s return of “billion” instead of million. Bad joke, I know :)

Jennings: F*** the Knicks, them n***** is always going to be weak.

by Xand1 on Jun 29, 2009 11:05 AM CDT up reply actions  

Just goes to show

computers are no replacement for Humans when it comes to the nuances of language. still good enough to get the “gist” of the artical, althou, I do believe that the buyout is in the milions of euros and not billions. that would indeed be a serius hardship! LoL

Will the Real Thor Please Stand Up ... ?

by the Real Thor on Jun 29, 2009 8:49 AM CDT reply actions  

also, it looks like the spanish reporters

are a tad bit more responsible then their amarican counterparts.

Will the Real Thor Please Stand Up ... ?

by the Real Thor on Jun 29, 2009 8:52 AM CDT reply actions  

The Dream Shake

Really makes me appreciate Canis Hoopus.

by callmeishmael on Jun 29, 2009 8:53 AM CDT reply actions  

translation

you can use google translate, just copy url into the google search and to the right of the link is [translate this page] just click that and it automatically translates the webpage

here is a link to the translated page via googe
<a href="http://translate.google.com/translate?hl=en&sl=es&u=http://www.elmundodeportivo.es/gen/20090628/53733763682/noticia/ricky-rubio-y-dkv-herida-abierta.html&ei=QMhISt-ABYjSMqG_lKoB&sa=X&oi=translate&resnum=1&ct=result&prev=/search%3Fq%3Dhttp://www.elmundodeportivo.es/gen/20090628/53733763682/noticia/ricky-rubio-y-dkv-herida-abierta.html%26hl%3Den%26safe%3Doff%26client%3Dsafari%26rls%3Den-us%26num%3D100" target="new">

by kalelinri on Jun 29, 2009 8:58 AM CDT reply actions  

sorry about the previous post

MUNDODEPORTIVO.es Monday June 29 2009
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And Ricky Rubio DKV: Open Wound
Villacampa: “With you in a lawsuit against it is difficult to play in Penya”
“This situation is very difficult to remedy,” said the chairman of DKV
Back home, list Scariolo and ‘Nike campus’
Jesús Pérez Ramos – 28/06/2009 03:00
After being elected by the Minnesota Timberwolves as the fifth draft, a position that does not give you enough money to pay his salary in his clause with DKV Joventut Ricky Rubio said that there are many opportunities to follow the team in green, with the remaining two years of contract yet, but one that demanded for weeks in their search for ways to jump to the NBA. Jordi Villacampa, the chairman of the Penya, sees it all so complicated at the moment. "The situation has become so clouded that I do not know how to re-pointed yesterday the leader of the entity verdinagra. How can I fix this? What is clear is that you can not talk about anything with a claim against you. Not only is set to ask if the clause is abusive or not, as he says, but it is a demand for social and have a trial date already set. While I have against this very difficult Ricky can play in Penya. I think it’s logical. Nor do we know very well what we do as a club, because we obviously hurt by how it has gone. "
Villacampa made it clear yesterday that the entity does not arise badalonesa lower the clause if the player wants to leave now, either the NBA or another European team. The amount payable is 4.7 million, amounting to 5.7 from this coming Wednesday, July 1, and go down to 4.7 in June of next season. "We want to honor the contract, said the president of DKV Joventut. If he stays a year, well and if two years is perfect. Nothing will happen, is what is signed. But if this year is the clause is unbreakable. And if someone comes and pays all of the then clause will take. "
Villacampa considered green yesterday that the club has been very patient throughout the season. We have not made any statement so as not to further complicate this issue. Ricky’s position throughout this time has been changing. When he returned from Beijing Games said he wanted us to meet the two years of his remaining contract and I said then that he preferred to have the player before the money from its clause. After that I only wanted to meet one and I said okay. and then changed us I wanted to go now. All of this culminated in a press conference in which he announced he was going off and the club and the fans. Before all that he tripled the salary without any consideration. The contract was signed for it to be free to 20 years and would then decide their future. "
For months both sides there was a possibility that Ricky will stay another year, the Penya and down the clause. "I suggested he explained Villacampa, we arrive at a figure that we was going well, they said ’let’s see if we find imaginative ways’, with advertising contracts, parts of an NBA team … Circumstances have totally changed, now we have a complaint about the club and everything is difficult, so we have to do what they want to hear Ricky and their representatives "

by kalelinri on Jun 29, 2009 9:00 AM CDT reply actions  

I think it says

The T-wolves are wasting their time with this guy and his parents. Move him NOW!!

"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds"

Samuel Adams

by RileysCannibalJct on Jun 29, 2009 9:55 AM CDT reply actions  

Hola,

i’ve been a long time lurker, but i tought i’ll help you out with this translation (sorry for the spelling, english is after all my second language)

Ricky’s agents will meet this monday with the “penya” (Rubio’s team nickname) to try to reach an ageement

Los representantes de Ricky Rubio tienen previsto reunirse hoy con responsables del
Ricky Rubio agents have a meeting today with the head of DKV Joventut de Badalona in order to try and reach and ageement in the law sue, which claims that the rescission clause, value at 4.7 million euros, according to the player. After last week he was chosen against the predictions at number 5 of the draft by Minesota Timberwolves, the green and black [the colours of Joventut] has landed today in Barcelona and has declared that he doesn’t see himself playing in another team different from the green and black next season. “we’ll see what process we must follow, talk with Joventut to see if we reach and agreement”, the young point guard said, who considers that the law sue against Badalona is an overblown subject.

De nada (you’re welcome)

by SantiagoColombia on Jun 29, 2009 10:13 AM CDT reply actions  

Thanks!

Jennings: F*** the Knicks, them n***** is always going to be weak.

by Xand1 on Jun 29, 2009 10:17 AM CDT up reply actions  

Basicly...

everything that is being said right now matches up with what was said earlier. Everyone knew of the buyout clause and everyone knew that it was around the $6 million mark. If money is the only issue, here is what landing at the 5th spot instead of higher (or lower, like say 7th with the NY Bitcherbockers) meant to the buyout situation (sorry I don’t know how to format it better):

Pick

1st Year Salary

2nd Year Salary

3rd Year Option Salary

4th Year Option: Percentage
Increase Over 3rd Year Salary

Qualifying Offer: Percentage Increase
Over 4th Year Salary

1

4,152.9

4,464.4

4,775.9

26.1%

30.0%

2

3,715.7

3,994.4

4,273.1

26.2%

30.5%

3

3,336.8

3,587.1

3,837.3

26.4%

31.2%

4

3,008.4

3,234.1

3,459.7

26.5%

31.9%

5

2,724.3

2,928.6

3,132.9

26.7%

32.6%

6

2,474.4

2,660.0

2,845.6

26.8%

33.4%

7

2,258.8

2,428.2

2,597.6

27.0%

34.1%

Now that both camps know what Rubios true salary figures (not the potential figure based on projected draft position, but where he actually ended up) are for the next 3-5 years, they have the final major piece of the negotiation process.

by Minneapleseed on Jun 29, 2009 10:40 AM CDT reply actions  

I'm trying to find the details on this

But I think what you listed here is 100% of the rookie wage scale. I believe teams can pay up to 120% of scale to their rookies, and almost always do.

For example, Kevin Love was the 5th pick last year, and he made over $3 million last year in salary.

by Eric in Madison on Jun 29, 2009 10:57 AM CDT up reply actions  

That’s interesting, and I hope it’st rue. It would be a big positive for us..

Jennings: F*** the Knicks, them n***** is always going to be weak.

by Xand1 on Jun 29, 2009 11:08 AM CDT up reply actions  

This sounds right to me

So at #5 assuming 120% of all salary levels

Year 1: $3.27 Million
Year 2: $3.514 Million
Year 3: $3.759 Million
Year 4: $4.76 Million
Year 5: $6.31 Million (Qualifying Offer)

Total Compensation Years 1-5: $21.613 Million

by Ebomb on Jun 29, 2009 11:14 AM CDT up reply actions  

Yep

Here is the relevant paragraph from an article on the Union’s website:

(i) A Rookie Scale Contract shall provide in each of the two (2) Seasons covered by the Contract and the first Option Year at least 80% of the applicable Rookie Scale Amount in Current Base Compensation. Components of Salary in excess of 80%, if any, are subject to individual negotiation, except that (i) in no event may Salary plus Unlikely Bonuses for any Salary Cap Year exceed 120% of the applicable Rookie Scale Amount, and (ii) a Rookie Scale Contract may not provide for a signing bonus (except for an "international player" payment in excess of $500,000 made in accordance with Article VII, Section 3(e)) or a loan. A Rookie Scale Contract may provide for a payment schedule in any Season that is more favorable to the player than that called for under paragraph 3 of the Uniform Player Contract, subject to the other provisions of this Agreement.

Couple of points here: it’s between 80%-120% of the scale amount. Everyone gets the 120%, or at least I’ve never heard of a case where that isn’t true.

Further, it appears from one phrase in here that actually, the salary could be paid up front in a lump sum if they so negotiate. In other words, they could hand him a check for $3.27 million once the fiscal year turns over and he signs a contract. Now there’s the “subject to other provisions” phrase, and who knows what that means, and there’s another phrase in there about no signing bonuses, but I suspect that’s in there explicitly for players with buyouts.

Hmm…rereading it, I’m not sure. It does prohibit signing bonuses, but does provide for more favorable payment schedule for the player…I wonder if they would have to wait to pay him his whole salary until the season actually starts, but could then make it a lump sum?

Without reading the whole contract, I’m not prepared to say I understand this.

by Eric in Madison on Jun 29, 2009 11:25 AM CDT up reply actions  

Endorsements

Just posted this on a different thread, but basically Rubio is quite possibly the most marketable face in this draft. If you were a kid in South America, or Africa, or China, who’s shoes would you buy? Griffen’s or Rubio’s? In fact, which player are you more likely to know?

My prediction is that Nike/Addidas/Reebok are waiting on two things—Rubio to arrive over here and Kahn to follow through on Rubio being our starting point guard and getting 25-30 minutes a night. Once those two things happen, I wouldn’t be surprised if the amount that Rubio earns in the first year of his endorsement deal covers whatever the final negotiated cost of his buyout is. Young stars with the international and transnational appeal of Rubio don’t come along very often (Tiger Woods anyone?), and there will be a healthy competition for his services by these companies and others. How do you think Walmart would feel if Target signed him up as a spokesperson?

"Come on Eddie, let's get serious."

by biggity2bit on Jun 29, 2009 11:54 AM CDT up reply actions  

Good point on international appeal...

…and this will only grow, as RR will be a fixture on Spain’s Olympic teams and other international competition for years. He does not have to compete with CP3 and others to get onto Team USA.

It all figures in to endorsement deals.

by timmuggs on Jun 29, 2009 4:23 PM CDT up reply actions  

OK. we're getting into esoteric matters that probably aren't even part of the

negotiations, but rereading the above, here’s what I think:

I think they could pay his salary all in a lump sum at any time agreed upon. (A more favorable payment schedule for the player). I thought briefly that this language would even allow them to pay him his 2 guaranteed years of salary in a lump sum before the first season, but now I think that isn’t true based on this language. (…a payment schedule in ANY SEASON that is more favorable to the player…).

I think “signing bonus” is probably defined for the purposes of this contract as an amount over and above the salary amount, with a $500K exception for foreign players.

by Eric in Madison on Jun 29, 2009 12:16 PM CDT up reply actions  

Good work--

and here you thought all that time, money, and effort to get through law school was going to be wasted.

Rooting for a Rubio Revolucion since roughly 10:20 a.m. on June 24th, 2009

by PoorDick on Jun 29, 2009 10:43 PM CDT up reply actions  

thoughts on the contract

I am not a lawyer, but I am in law school. I would say that it would difficult to say whether or not the clause (the buyout amount) can be enforced in spain, as I do not know what spanish law is. I know in the US at least in my contracts classes courts really frown on a clause if it is viewed purely as a penalty, ie not a number based in any way shape or form to the value of the contract. It is not against the law to break a contract. You can’t go to jail for it and usually you pay the value of the contract minus the money the other party saves by not completing the contract. In simpler terms the money Ricky brings in minus the money they owe him. The problem here is that there is no way for them to prove thier amount. a 6 million dollar buy out on a 250K thousand dollar contract seems at best obsurd. I think if they took it to court it would get lowered. I suspect that the team will settle to avoid the possibility that the whole clause is negated and they get nothing. the T-wolves should do nothing until they this legal fiasco between ricky and his team is settled. They should be patient. I know that is not the popular thing to say, but I suspect the idea that a player will return to a team he is in court with over not playing with them is a little far fetched. It seems to me that buy taking the course he has (ricky) taken he has limited his options. As for the idea that ricky is upset about a 2 point guard backcourt I will refer to his own words. When directly asked he said that he played in a backcourt with 2 points in his first year in the spanish league. This did not seem to bother him in the least. His words.

by remiel6 on Jun 30, 2009 11:33 AM CDT reply actions  

As someone who has been through Law School

And, if I may say so, ruled my contract class, you make the correct points.

In the U.S. we would analogize this to an unenforceable penalty clause. Alternatively, we would argue against it using the theory of no-compete clauses, which U.S. courts will only enforce if they are reasonable to protect the employer, not if they are punitive to the employee. Neither of these are exactly what’s going on in Rubio’s situation, but I would feel comfortable making those arguments. But we don’t have “buyouts” of this type generally. There’s no clause in athlete’s contracts here that let them buy it out and go play elsewhere.

On the other hand, these types of clauses are common in European sports contracts, so it isn’t clear to me what the Spanish law is here.

by Eric in Madison on Jun 30, 2009 12:46 PM CDT reply actions  

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