From Marca.com, via RealGM:
My Spanish is not so great, but Marca is reporting that a transfer offer from Barcelona has been accepted by Penya and is the largest transfer ever in Euro Ball. I find this a little tough to swallow since the number is so low - $3.7M Euros / $5.3 M. It makes me think the $4M in endorsements was not reality as that puts us at $4.5M and surely Rubio would have pitched in $800K to start his first NBA contract. In my eyes, unless Rubio is getting more than $2M Euro/year this is a large net loss for his lifetime earnings - potentially very large (tens of millions). Still not formal, however.
In any case, the worst part is it sounds like the buyout can only be after 2 years (edit, probably just too high after one, which makes sense)! Again, this is hugely damaging to Rubio's lifetime earnings. Further, it is now much, much less likely he ever wears a Wolves jersey. If Flynn turns out to be an above average starter in the next 2 seasons Rubio is a trade asset. If Rubio blows out his knee a la Livingston, if he busts in Barcelona, any number of things we might get nothing. I am still all for the pick - had to be done, naysayers are simply wrong. San Anontio did wait for the Admiral so I still have hope, but I really wanted to see that kid play for the Wolves right now. I just can't get over how much this - if true - damages Rubio's long term NBA career and earnings. Not only will he be 2 years older when his NBA adjustment starts but he won't start his second contract until he is 25, meaning his 3rd contract won't start until 28-30 instead of 26-28. He is basically giving up 2 years at max or near max (hopefully) to get out of a couple million in debt in the next couple years.
In any case here is how I see the article in Marca roughly translated linked above:
"Although not formally signed, Ricky is a member of Regal Barcelona. In the most expensive transfer in Euro hoops history Barcelone will pay Juventut $3.7M Euros. Ricky will sign for 6 years with a progressively decreasing buyout. After two seasons the buyout is economically reasonable and easy to engineer, considering they know what the Wolves can put in.
The Penya Administration has approved the deal, but haven't made it public as they haven't contacted Ricky, his family, or the fans. Family sources say 'Ricky plays for Penya and we only want news if a transfer has been made.' Once the call is made the deal will become formal, until then, they want to concentrate on other stuff.
In the past week Barcelona offeres $3.3M Euros, but Penya accepted a new higher offer of $3.7M Euros, something something. Barcelona is not syaing much to allow Villacampa (Penya guy) to formally complete the deal because of the way things have gone (contentious?). So, the formal announcement may come in hours or weeks."
So, not yet formal, I guess there is some hope, but it sounds a lot more real than any other news. It certainly explains Kahn's recent trip and the lack of news. I will be plenty annoyed if something as low as $5.3M gets it done AND he doesn't come for 2 years. Hopefully this is Marca making stuff up again - certainly they say it is not formalized, in fact even that Ricky might not even have known at press time. So, still hoping.