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Old 06-10-2009, 11:52 AM   #36
Jonelo
I brick open layups
 
Join Date: Jul 2008
Posts: 103
Default Re: Ricky Rubio seeking buyout from Spain

http://sports.espn.go.com/nba/news/story?id=4246467

Quote:

Ricky Rubio now must deal with the Spanish government if he wants to play in the NBA.


The guard has been trying to get out of his contract with Spanish league team DKV Joventut but has met resistance. On Tuesday, according to the Spanish news agency EFE, Rubio sued the team after learning that it had transferred the rights to his buyout to Hacienda, the Spanish version of the Internal Revenue Service. The rights were sold to satisfy a debt Joventut had with Hacienda.

Leopoldo Hinjos, Rubio's lawyer, claims that the team did not inform his client that his rights were about to be ceded to a third party. The team says that representatives of Hacienda went to Joventut's offices and demanded a guarantee to cover the outstanding debt.

Rubio has challenged the 4.75 million Euro (approximately $6.6 million) buyout, which climbs to 5.75 million Euros after June 30. Rubio made 70,000 Euros last season (about $97,000) and is scheduled to make 125,000 Euros next season (about $175,000). Rubio's father Esteban told ESPN's Chad Nielsen on Monday that the buyout is disproportionate to his salary.

Rubio had refrained from filing a lawsuit and instead had asked an arbitrator to settle the case. The transfer of his buyout to the government appears to have changed that.

Bad news . Ricky has to negotiate or start the a lawsuit directly with "Hacienda" , and everything is quite complicated. Probably will only get to a big market in the NBA for take a good contracts with Nike or another marks for pay almost 6 million euros. Maybe Ricky will be one more year in Europe, but the current situation is very tense with his team. His team needs that Ricky for pay the money to survive, but Ricky can not easily pay that amount. Nobody knows what will happen, but everything is going very badly for all parts.

Last edited by Jonelo : 06-10-2009 at 12:10 PM.
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