Minnesota and the number 5 is the best thing that could have happened to Ricky
by miguelsp on Jul 2, 2009 11:28 AM CDT
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PrintEl número 5 y Minnesota es lo mejor que le podría haber pasado a Ricky
NO DESCARTA NADA SOBRE EL FUTURO DE SU HIJo
El padre de Ricky Rubio: "Ricky está nervioso"
- · Necesitan negociar la cláusula de Ricky para poder dar el salto a la NBA · No encuentran una solución con la Penya
(Ed Note: Full article and Google translation below the fold. Translations are welcome in the comments. This doesn't exactly jive with the dominant media theme about Jonny Flynn being the reason why Rubio isn't over here yet, does it? Folks, this is a math problem. There is a bottom line and the Rubios have to meet it.)
Esteve Rubio, el padre de Ricky Rubio, atendió a los micrófonos de Onda Madrid para hablar del incierto futuro de su hijo.
"Con la cláusula que hay es inviable que vaya a la NBA"
El progenitor del 'chico prodigio' del baloncesto español quiso quitar hierro a la polémica que mantiene Ricky con el DKV Joventut: "Se ha líado un pollo de una cosa que no es tan grave".
"No contábamos con que el Joventut reaccionase así. Todos los trabajadores tienen sus derechos, y un derecho de Ricky es saber si su contrato es correcto o no. Sólo pide eso", explicó Esteve sobre la demanda de conciliación que presentaron para rebajar su cláusula de salida del club verdinegro (6 millones de euros).
"Hay que ver si el Joventut quiere que juegue con ellos"
"Intentamos dejar al margen todo lo que podemos, pero Ricky está nervioso. Era sólo una demanda de conciliación, pero se ha liado un pollo excesivo", sentenció sobre el litigio con el Joventut.
Opciones de futuro
Sobre los deseos de Ricky sobre su futuro destino Esteve Rubio fue muy claro: "En principio Ricky sólo quiere jugar en el Joventut, ahora hay que ver si el Joventut quiere que juegue con ellos".
"El número 5 y Minnesota es lo mejor que le podría haber pasado a Ricky"
Se mostró mucho más esquivo cuando fue preguntado por el interés del Real Madrid en contar con él. "Nos llegan cosas de muchos sitios y hay conversaciones con mucha gente... Pero no hay que descartar nada", dijo.
Esteve Rubio se mostró encantado con la elección de Ricky con el número 5 del draft con los Wolves: "El número 5 y Minnesota es lo mejor que le podría haber pasado a Ricky. Podría pasar dos años sin ir a la NBA. Saliendo antes tendría que haber ido seguro y tendríamos que hablar con bancos para pagar la cláusula, y tendría que estar dos años jugando gratis".
"Con la cláusula que hay es inviable que vaya a la NBA", sentenció.
http://www.marca.com/2009/07/02/baloncesto/acb/1246538106.html
(Translate by google)
HE DID NOT RULE OUT ANYTHING ABOUT YOUR CHILD'S FUTURE
The father of Ricky Rubio: "Ricky was nervous"
- Need to negotiate the clause to give Ricky the leap to the NBA do not find a solution with the Penya
Esteve Rubio, Ricky Rubio's father, served microphones Onda Madrid to discuss the uncertain future of his son.
"The clause that is not feasible to go to the NBA"
The parent of the 'boy wonder' of the Spanish basketball wanted to make them less controversy remains with DKV Joventut Ricky: "It was a rolling of a chicken which is not so serious."
"Not that we had to react well Joventut. All workers have rights, and Ricky is a right to know if your contract is correct or not. Only calls it," said Esteve on the application for conciliation filed to reduce its clause Output green club (6 million).
"You have to see if Young wants to play with them"
"We try to leave aside all that we can, but Ricky is nervous. It was just a request for conciliation, but was bundled over a chicken," he said on the dispute with Joventut.
Future Options
On the wishes of their future destiny Ricky Rubio Esteve was very clear: "In principle Ricky just wants to play in the Youth, we must now see if Young wants to play with them."
"The number 5 and Minnesota is the best thing that could have happened to Ricky"
He was much more elusive when asked about Real Madrid's interest in having him. "We get things and there are many conversations with many people ... But do not discard anything," he said.
Rubio Esteve was happy with the choice of Ricky with the number 5 of the draft with the Wolves: "The number 5 and Minnesota is the best thing that could have happened to Ricky. I could spend two years without going to the NBA. Would leave before ido to be safe and have to talk to banks to pay the clause, and should be playing two years for free. "
"The clause that is not feasible to go to the NBA," he said.
Interview Rubio´s father - Entrevista padre de Ricky Rubio en Telemadrid (Spanish)
Esteve Rubio, Ricky Rubio's father, served microphones Onda Madrid to discuss the uncertain future of his son.
"The clause that is not feasible to go to the NBA"
The parent of the 'boy wonder' of the Spanish basketball wanted to make them less controversy remains with DKV Joventut Ricky: "It was a rolling of a chicken which is not so serious."
"Not that we had to react well Joventut. All workers have rights, and Ricky is a right to know if your contract is correct or not. Only calls it," said Esteve on the application for conciliation filed to reduce its clause Output green club (6 million).
"You have to see if Young wants to play with them"
"We try to leave aside all that we can, but Ricky is nervous. It was just a request for conciliation, but was bundled over a chicken," he said on the dispute with Joventut.
Future Options
On the wishes of their future destiny Ricky Rubio Esteve was very clear: "In principle Ricky just wants to play in the Youth, we must now see if Young wants to play with them."
"The number 5 and Minnesota is the best thing that could have happened to Ricky"
He was much more elusive when asked about Real Madrid's interest in having him. "We get things and there are many conversations with many people ... But do not discard anything," he said.
Rubio Esteve was happy with the choice of Ricky with the number 5 of the draft with the Wolves: "The number 5 and Minnesota is the best thing that could have happened to Ricky. I could spend two years without going to the NBA. Would leave before ido to be safe and have to talk to banks to pay the clause, and should be playing two years for free. "
"The clause that is not feasible to go to the NBA," he said.
Interview Rubio´s father - Entrevista padre de Ricky Rubio en Telemadrid (Spanish)
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Better translation?
Thanks to saudagg at Rube Chat:
http://rubechat.kfan.com/viewtopic.php?f=16&t=45750#p849738
A better translation, courtesy of my Spanish major buddy Jables:
Steve Rubio, father of The Blond Ricky, took over the mics to speak of his son’s uncertain future. The father of the boy prodigy of Spanish basketball wanted to clear of the air of some of the controversy surrounding his son and DKV. “(I think it’s an expression like) He’s in a bit of a pickle. We’re not sure how DKV will react to the situation. But all workers have rights, and Ricky has the right to know if his contract is legit or not. This is all he requests.” His father is referring to their request that the club reduces exit clause of 6 million Euros.
“We’re trying to figure out the situation, but Ricky is nervous. This is his one and only request to his club, but it’s an extreme one, and the situation has come to a head,” said Steve, referring to their legal discussions with DKV.
Ricky has made it clear he wants to negotiate with the club, it remains to be seen if the club is willing to negotiate with Ricky. He was much more coy when asked about Real Madrid’s interest in having him. “Things are coming at us from many different directions, we’re having conversations with many different people, and we’re not going to disregard anything right now.”
Steve was delighted with his son becoming the 5th overall pick by the Wolves. “Being the fifth pick by MN was the best thing that could have happened for Ricky. But, it could two years before he plays in the NBA. If he wants to leave before then we would have to speak with banks to pay his clause, and he would then be playing for two years essentially for free.”
“As it stands, with the clause in his contract it is not really viable that he goes to the NBA,” he concluded.
Ultimately,
I think his father probably needs to not talk so much.
But thanks, this is very interesting. They are really pushing Joventut.
by Eric in Madison on Jul 2, 2009 11:10 AM CDT up reply actions
Sounds like Public Posturing
Trying to get that buyout clause reduced. Fegan should be happy that Kahn played right into this game immediately giving Rucky the option to wait out the 2 years with DKV. Should be interesting to follow how this stalemate between Rubio and the club finally ends. For me, best case scenario is the buyout is reduced and he comes over for 09-10 to the Wolves. Next best scenario is that he plays out another year or two for DKV and then comes over. Worst case is signing with Real Madrid or another comparable team for 3-4 years.
I just don't see
DKV wanting him to play for them if they need money that badly. Seems like the best option for them is to get at least some of that buyout clause. Unless they’re thinking they’d get that in extra revenue from having Ricky on the team, maybe?
This is all about...
..getting a feasible payment plan for the buyout. If they spread it over 4 years instead of 2, or even 5 years, it’s a no-brainer for him to come over immediately.
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This is the question, it seems to me
How desperate is Joventut? We’ve read the rumors, heard the stories, but we don’t really know what their calculations are.
How badly do they need the money? How serious are they about Rubio not playing for them because of the law suit?
How much revenue does Rubio generate for them by playing for them?
I don’t know that we have answers to any of these questions.
by Eric in Madison on Jul 2, 2009 11:38 AM CDT up reply actions
Nope
It would be nice to know their side of the ledger. We can kind of figure out where Rubio is coming from with taxes and the rookie salary scale. I have no idea just how bad it is for Joventut.
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I haven’t seen it said directly, but it seems like the goal for Jovenut is to pay off their tax debt through Rubio. In my opinion, that makes it more likely a deal will come this offseason, but that it’ll be close to the beginning of the season, as they’ve stupidly entered a game of chicken with Rubio when they can’t afford to walk away with nothing.
I agree
It seems to me (just speculation based off what I am reading) that Joventut needed the money yesterday.
I wonder, can they get a financer in here to front the money? Rubio could then pay off the financer in installments.
Oh, there's no doubt that Rubio
could borrow the money from a bank. The Wolves couldn’t be directly involved in that process, either as the lender or as a guarantor, I’m sure.
But that ‘s what Rubio’s dad is talking about above. Borrowing.
by Eric in Madison on Jul 2, 2009 12:33 PM CDT up reply actions
To me, this says it all:
“It was a rolling of a chicken which is not so serious.”
… and …
“It was just a request for conciliation, but was bundled over a chicken.”
Now that we know that, there really isn’t anything left to discuss …
by Cheap Seats Erick on Jul 2, 2009 12:04 PM CDT reply actions
A chicken in every pot?
Fried chicken and waffles?
by Eric in Madison on Jul 2, 2009 12:08 PM CDT up reply actions
Grilled chicken
Sometimes the obvious is hidden.
by frankenhoops on Jul 2, 2009 12:15 PM CDT up reply actions
Grilled Chicken?
Kentucky? Maybe Rubio wants to play for the Wildcats. True, he’s no amateur, but I’m sure Calipari doesn’t really mind.
He may even make more...
….at Kentucky.
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I've always thought...
…a surreal indie band could make a good living off of writing lyrics with Alta Vista’s bablefish or Google’s translation service.
The World's Leading Exporter of Small Area Quickness
www.canishoopus.com
The Spanish expression "se ha montado un pollo" means a big mess
So it means.
I was just a request for conciliation and now is a big mess.
and the first sentence means "we have right now a big mess when in reality the entire thing was not such a serious thing (The lawsuit with Joventut)
Why is this not all over the media? Is it confirmed as a real interview? He says MN is great, but the buyout is the issue. WOOT WOOT
My guess...
…is that it doesn’t fit the ready-made narrative that ESPN has in mind for the kid. Perhaps if Donnie Walsh was somehow involved it might have a shot ;)
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He says that Minessota election in the 5th positio is wonderful because they are ready to wait 2 years
in that way the don’t have to start knocking bank’s door to negotiate a credit to get the buyout money
I wonder if Kahn/Fegan/ Rubios
collobrated before hand on this issue? Could this all be a Pro-Wrestling like ruse to get DKV Joventut to lower their demands?
the thought crossed my mind
But then why draft Flynn?…that would be one hell of a smokescreen. Unless they already have a pre negotiated trading partner? The Knicks?
Jesus, I would like to see some resolution. I’ve wasted too much time thinking about this :)
You draft Flynn because he was the best player on their board that was still available. When you’re as bad of a team as the Wolves are right now, the best thing to do is fill your roster with the best talent you can, regardless of position. We can worry about specific holes in 2-3 years when we are ready to make an actual playoff run.
And a quick hint to everyone out there. Spanish sports media = liars. Never trust a word that they report as fact. I’ve been following European soccer for years and it never fails that any report from a Spanish newspaper gets immediately refuted by everyone involved. I don’t see this situation as any more reliable. They put a premium on breaking stories, not on breaking real stories.
Tip Courtesy of Ol' Charley Walters
2/7/2009 BALONCESTO
Ricky solo se plantea jugar en el Joventut
L. M.
Ricky Rubio ha descartado dar el salto a la NBA la próxima temporada, a pesar de ser escogido en el número cinco del draft por Minnesota. El base de El Masnou estudia ahora con sus asesores retirar la demanda contra la Penya y cumplir los dos años de contrato firmados con el club de Badalona.
Ricky is just playing in the Youth
L. M.
Ricky Rubio has ruled out making the leap to the NBA next season, despite being selected at number five in the draft by Minnesota. The base of El Masnou is now studying their counsel to withdraw the lawsuit against Penya and fulfill the two year contract signed with the club Badalona.
This seems
to be an attempt to move things along and get Joventut serious about negotiations. They have said they didn’t want to negotiate with a lawsuit hanging over their heads. If the info about their financials is correct, this would really start forcing their hand.
well put
Lost in all of this is the fact that Joventut is playing their hand rather well. They’re going to lose the kid one way or another. Either he fulfills the contract and plays out the 2 years or the buyout schedule is modified to allow him to come over.
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I would love to be a fly on the wall
in a room with Kahn and Fegan. For all we know these guys could either (A) be at each other’s throats – if you believe “unnamed sources” or (B) entirely on the same page in trying to work over Juventut.
Isn’t Barcelona half the size of MPLS/St. Paul area? I’m guessing the team would rather have $3-6 million than have him play, from strictly a financial perspective.
Both greater Barcelona...
…and the Twin Cities are about the same population size: just above 3 mil.
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But Barcelona's got style...
..and the Twin Cities have Cub Foods…
by Eric in Madison on Jul 2, 2009 2:25 PM CDT up reply actions
Barcelona has the Ramblas
and we have…I-94
by Eric in Madison on Jul 2, 2009 2:46 PM CDT up reply actions
Barcelona has Paella
…and we’ve got Hot Dish
by Eric in Madison on Jul 2, 2009 3:20 PM CDT up reply actions
BARCELONA HAS THE MEDITERRANEAN...
…and we have Minnetonka.
Barcelona has tapas bars
and we have topless bars
Barcelona has Park Guell
…and we have Kinney U-Park-It
by Eric in Madison on Jul 2, 2009 6:56 PM CDT up reply actions
Barcelona has Gaudi...
….and we have the Prairie School.
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Nice, but..
I don’t know what the Prairie School is, so I would have gone with the MOA – i.e. we have gaudy
That cherry
is on every single national sports telecast from here.
OK, thanks.
Should probably do my own homework…
I believe it has been (B) all along...
Everyone involved wants Rubio to be in the NBA. Rubio himself, Kahn, Fegan, and even Joventut. Small European sports clubs get their players organically and cash in when bigger clubs in higher divisions come calling (or in this case, the NBA).
However, Joventut has the leverage because his contract dictates a buyout clause. It is all coming down to posturing and a chess game. This is how legal and finanical negotiations of all kinds work. In this case, Joventut wants to hold out for the entire $6M or whatever it is now. It is in their best interest to get paid the full amount at once. You never want the payments staggered if you are the one getting the money (due to time value of money implications).
If Rubio is saying he will now play for Joventut, it forces them to make the next move. They either accept him back or offer a lower buyout. I think everyone has played their hand pretty well at this point: Kahn by selecting Flynn and saying they can wait two years for Rubio if necessary, Rubio (or his father) saying he has no choice but to go back to Spain, and Joventut by not budging from the buyout stipulated in the contract. If Rubio will indicate he will go back to Joventut, it is then Joventut’s move.
I think Kahn, Rubio, and Fegan are all on the same side of this—lower the buyout so Rubio comes to the NBA now. Joventut wants the full $6M entitled to them. By the way, I’m happy that the NBA will not allow teams to pay more than $500k for buyouts—otherwise only teams that can afford buyouts would be drafting these players, whereas any team can afford $500k.
It would also lead to even larger Buyout clauses
If foreign clubs knew NBA teams could pay the buyouts in full, they would raise buyout amounts to fully exploit the NBA’s money. Teams would have to pay something like 10-50 million dollars to draft a foreign player.
by oblivionspocket on Jul 2, 2009 2:53 PM CDT up reply actions
This says he's staying at Juventut
what intricacies of this situation am I missing that lead you guys to think he’s forcing their hand?
it says he’s withdrawing his lawsuit and fulfilling his contract.
There has been rumor
that Joventut is in a poor financial situation and was counting on Rubio’s buyout money to pay off some back taxes. If that is the case, him returning to the team seems less ideal than him leaving for the NBA and paying them millions. Now, they can work together to negotiate a lower buyout that he can afford while still giving Joventut a fair share of money.
or...
…..even a better payment schedule (in terms of Rubio’s ability to make payments over a longer period of time).
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I am thinking that if they are really strapped they’d settle for less upfront. Rubio can always find an intermediary on his end to stretch out the payments.
Yes, it comes down to a number, doesn't it?
There must be a number below which it’s worth it to Joventut to keep Ricky on the the team. I mean, they aren’t taking 20 bucks. Hey, if every season ticket holder chipped in $20, that would be….$180!
There are other issues for them, though, one of which is they probably don’t want to set a precedent of capitulating for significantly less than the contracted amount.
But, if you're Joventut...
You also have to know that this situation being so public and so ugly will affect contracts with other players down the line. Not much, but some, I’d imagine. If you play too hard in this situation, things could get tricky with other “destined for the NBA” European players when it comes to structuring their contracts and buyouts in the future. At least, I’d think so.
Plus, money is money and it they’re that strapped, they’ll have to find a way to get something for Rubio right now. I mean, if it’s a question of lighting the stadium or having Rubio in their uniform next year, which do they choose? Everybody’s got a price. Rubio’s people just have to play the game to figure out what it is.
I don't think it is going to matter much
Clubs sign these players at such a young age, they are happy just to get a contract offer. From what I have read, the contract buyout seems pretty standard.
I feel that the financial straits of Joventut have been exaggerated in this forum. Most people on here don’t speak Spanish, much less understand the financial situation of what I believe is a privately held corporation in Spain.
I've been wondering about this
We read and hear and assume, but we really don’t know what Juventut’s financial situation is. We also don’t know how much (if any) trouble they are in with the taxman. We also don;t know how much revenue Rubio generates for them being on the team.
by Eric in Madison on Jul 2, 2009 2:41 PM CDT up reply actions
I think, financial straits or not, that it is pretty safe to assume the buyout would bring in more than Rubio’s contributed revenue. Let’s say this team plays 30 home games a year, draws 2,000 per game at $20 a head….that is $1,200,000 per year in revenue…we’ll give them some added sources of revenue and round it up to an even $2M. I’ll even be generous and say they have 50% margins…this team is making $1M a year. even if they are drawing 5000 per game, which I doubt…the numbers just aren’t there.
For 2007-2008
Joventut averaged about 7700 in attendance. But they don’t play that many games. At least in the ACB itself, there are probably only about 15 home games. Then there is Euroleague too, Not sure how many games that entails.
by Eric in Madison on Jul 2, 2009 3:08 PM CDT up reply actions
so maybe...
$5-6mln gross, $2-3 million in profit, again assuming overly generous margins….Rubio’s buyout is the equivalent of 2-3 years of profit for this team.
Is there any doubt on whether they want Rubio back?
Joventut has a 9 million Euros budget and a regular income of 6 million Euros
This is what Joventut president says in an interview on 03-03-2009
http://www.soitu.es/soitu/2009/03/03/info/1236101440_463663.html
To balance the budget in a crisis period will be another problem for Villacampa (Joventut’s president). The sponsorship contract with, DKV, that contributes 1.45 million Euros, ends in 2010.
"We need to diversify our income stream. We have the session tickets, ‘marketing’, TV rights, the Magic Badalona (entertainment center that earns 400,000 euros per year), ‘merchandising’, and ‘ticketing’. But it is difficult to compete just with regular income, about six million Euros, against other club that have more than 27 millions" (NOTE: usually supported by soccer teams such as Barcelona or Real Madrid). The other three millions to balance the budget usually come from transferring players."
It means that they need 3 million at least. I don’t think that they can renew the 1,45 million sponsorship without Ricky Rubio.
Also, I assume that they are carrying some historic debt and they have been refinancing that debt but I don’t have that information. And, the economic crisis is hitting Spain very hard with 17% unemployment rate already. So, revenues will probably be lower next year.
Thank you
That doesn’t sound so good for them. You can lose 3 million Euros a year for only so long before that catches up to you.
by Eric in Madison on Jul 2, 2009 4:18 PM CDT up reply actions
keep in mind
this is a second tier team that probably plays before high school hoops sized crowds in a country whose economy is in shambles (yes even worse than the US)
Of course
some high school games outdraw the Wolves, too…
by Eric in Madison on Jul 2, 2009 2:26 PM CDT up reply actions
HA!
This is true, but at least the ticket prices are higher. Unless you buy them on the street for $10 like me.
Endorsements?
I wonder if Rubio’s decision to remain will impact his endorsement dollars from Nike, etc.? If I’m Fegan, I’d be working that angle hard in order to make an NBA move more feasible.
Follow the money
Based on what Plaentxi has just posted, the buyout is equivalent to more than 12 months revenue to the club.
And when you consider the tax liability, Joventut’s interests are aligned with Rubio’s.
Rumors are that Joventut's debt with Spanish IRS is 6 million Euros
According to this article from a reputable Spanish newspaper.
The writer says that people are saying that the IRS debt amount to 6 million Euros.
http://www.elmundo.es/elmundodeporte/2009/06/27/bloqueo_directo/1246111241.html
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