GERONA, Spain - Ricky Rubio plans to part ways with Spanish basketball club DKV Joventut even if the Minnesota Timberwolves cannot reach a deal to bring their first round draft pick to the NBA.
Timberwolves president David Kahn was in Spain this week to try and help the fifth overall pick negotiate a buyout of his contract with Joventut. Rubio is at odds with his boyhood club over an $8.2 million buyout clause, which the NBA team can only contribute $500,000 toward.
Regardless of whether the 18-year-old Rubio makes the trip across the Atlantic next season, he won't be playing at Joventut.
"I want to continue with the club but, after everything that's happened, I don't think they're too comfortable having me in their squad," Rubio said Wednesday. "I want to play in a winning team, on a team that can achieve many things."
Spanish basketball clubs Real Madrid and Barcelona are both interested in signing Rubio if he cannot make it to the NBA this season.
From the AP via the Strib.
There really isn't a whole lot going on here that we didn't know already but this is the first time it has been officially stated by the Rubio camp. The two main issues remain: Who is going to pay the buyout and how much will it be? We shall wait and see.
almost 3 years ago
Stop-n-Pop
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Hey!
You just beat me to it! I was making a fanshot of this. Better to have it on the front page. Still can use my punchline and pic:
Let the magic begin!
"Come on Eddie, let's get serious."
Anyone know how much the buyout really is?
It was first reported to be $4-5 million, then $6.6 million, now its $8.2 million? I assume a lot of the confusion is guessing how much it will get negotiated down TO, and also USD versus Euro exchange rates.
I think that there was an escalator...
I want to say that after a certain date in early July/late June, that the buyout technically increased from $6.6 to $8 or something like that. I believe the higher buyout is in place until next summer. Of course, I am just recalling something I read a few weeks ago quoting Villacampa, or whatever the name, from Rubio’s team. So, who really knows?
by Krotz the Wall on Jul 22, 2009 2:07 PM CDT up reply actions
Up until July 1
The buyout was €4.7m (US6.6m approx). After July 1 the full buyout is €5.7m (US8.8m approx).
Only cowards pray for rain.
by Auswolf on Jul 22, 2009 3:17 PM CDT via mobile up reply actions
wow if the buyout is 8.8 then how much is the 4 mil donated worth?
by revprodeji on Jul 22, 2009 3:40 PM CDT via mobile reply actions
More than Joventut gets
If Ricky decides to stick it to them and make them sit him out this year. I guess they could sell him low to another Euro team, but it’s still probably the high water offer they can get. A team like RealMadrid could offer more, but I don’t think Ricky will go for anything long term with them so why pay so much for a one year rental?
"Come on Eddie, let's get serious."
yep..
….this is all about getting to the lowest level that joventut will accept.
The World's Leading Exporter of Small Area Quickness
www.canishoopus.com
David Kahn has told Jerry Zgoda that No buyout has been reached yet..
according to Jerry’s Twitter. http://twitter.com/JerryZgoda
i like jerry a lot..
…but that’s the wrong question. has an offer been delivered and what is the exact amount and breakdown of funds?
The World's Leading Exporter of Small Area Quickness
www.canishoopus.com
Yes
though of course he wouldn’t get an answer to that.
by Eric in Madison on Jul 22, 2009 4:25 PM CDT up reply actions
um...
“I want to play in a winning team, on a team that can achieve many things.”
good sign or not?
Son, when you participate in sporting events, it's not whether you win or lose: it's how drunk you get. ~Homer Simpson
by thewild_viking_twins on Jul 22, 2009 5:34 PM CDT reply actions
actually
I think that the money is coming from a consortium made up of Axe-Man, Pawn America, and Biolife Plasma Services.
This is an unsourced comment.
by Rasho Revolution on Jul 22, 2009 5:48 PM CDT reply actions
I heard...
….Denny Hecker was involved.
The World's Leading Exporter of Small Area Quickness
www.canishoopus.com
And Revlon has a new product...
…it makes blond highlights…
My Diccionario Espanol sez that rubio means blond in Spanish. I was wondering where all that blond Ricky came from. Google should teach its translator to recognize upper case letters, than it might have a chance of translating Ricky Rubio to “Ricky Rubio”, instead of “blond Ricky”.
the cool thing is
it won’t requier polls to determine his nickname
We got Rubio!
by Wim (Belgium) on Jul 24, 2009 5:42 AM CDT up reply actions
Kahn & Rubio met in Gerona, Spain!
Ricky Rubio and David Kahn meet in Gerona Spain, during his Rubio Official Basketball Campus
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