The headline pretty much says it all, with France-based L’Equipe and Catch & Shoot today pretty much assure that Team France captain Boris Diaw will make like the rat and leave the sinking ship known as the Charlotte Bobcats (4-31) within days.
Such a release from the ‘Cats would come six months before his contract with the team expires, yet Catch & Shoot reports that “The franchise would indeed be ready to release Diaw … if an agreement is reached between both parties.” Said Diaw to L’Equipe, “J’ai un choix à faire” (“I have a choice to make.”
So let the speculation about a 2012 LNB bid for Diaw begin: Wouldn’t Tony Parker like to employ his Les Bleus teammate…?
The picture is not of Boris Diaw. That is Bismack Biyombo.
@Mikhail: The provider changed the link on me! Now fixed.
[...] Odom will stay in Dallas and neither side has a desire for that to change. -With a large contract, Boris Diaw and Charlotte may agree on a buyout that would release the French forward from his contract. googletag.cmd.push(function() { [...]
[...] the Boris Diaw Experience in Charlotte might soon be coming to an end. Ball in Europe translates: “Such a release from the ‘Cats would come six months before his contract with the team [...]
[...] [...]
[...] newspaper L’Equippe and website catch-and-shoot.com, and was helpfully translated for us by Ball in Europe: The headline pretty much says it all, with France-based L’Equipe and Catch & Shoot today [...]
[...] will stay in Dallas and neither side has a desire for that to change. -With a large contract, Boris Diaw and Charlotte may agree on a buyout that would release the French forward from his contract. Rick Bonnell of the Charlotte Observer [...]
OS Davis, please comment on this HUGE Euroleague news.
http://www.euroleague.net/euroleague-basketball/news/i/94796/6330
Euroleague Commercial Assets Board approves Financial Fair play for Euroleague
ECA Assembly Board in Barcelona, 2012A Commission formed by Mr. Salvador Alemany, president of the Financial Commission of Euroleague Basketball, and Jean-Bayle Lespitau, former president of French league and Honorary President of ULEB, Mr. Massimo Coccia legal council to Euroleague Basketball and Mr. Jan Pommer, comissioner of the Beko Basketball Bundesliga (BBL) of Germany, presented a framework to establish principles of greater financial stability and fair play in its competition by unifying the criteria used by and applied to participating clubs.
Led by these experts, Euroleague Basketball is seeking to strengthen principles that ensure good financial practices to protect the integrity and smooth running of the competition, as well as to increase the long-term financial health of its participating clubs. Euroleague Basketball and its clubs understand that the global objective of this project is to increase the stability of the competition, through the optimization of management methods and budgetary control.
The main criterion that falls under these principles is the break-even rule, which calls for clubs to commit to not spending more than what they generate in economic activity.
The overall project includes increasing financial uniformity and aligning accounting practices among clubs participating in the top European competition to ensure the transparency and effective processing of information in the documentation presented to the organization as well as to their national leagues. The project also seeks to stipulate regulations in accordance with the political, legal and regulatory frameworks already established on a European Union level and already incorporated into the financial frameworks of other sporting institutions such as UEFA. The follow up and monitoring of documentation will be overseen by the Financial Control Commission, presided over by Mr. Salvador Alemany. The Financial Fair play rules work on concepts, based on budgeted economic performance indicators that have been extracted from the information submitted by clubs, include a minimum budget for those clubs that participate in the Turkish Airlines Euroleague competition; a maximum loss allowed over a three-year period; a limit to player expenses and shareholder´s contributions related to the overall budget; and a common approach in the treatment of some investment write-offs and in the market value of some sponsorship and advertising revenues.
Mr. Alemany indicated the importance of this project for the future of the clubs and for the future of the sport. “Euroleague Basketball is fully aware that some points on the agenda will be difficult to transition to, and it is important to understand that it is not about the shareholder´s who have invested, and are still willing to invest in the sport, this is about an economic structure and that, the limitations and concepts presented are more than reasonable,” Mr. Alemany said. “With regards to the fair play issues, it is absolutely indisputable. The sporting industry has transitioned from a certain amateurism in the management of club budgets. To be able to move forward, clubs who want to belong to serious institutions need to have higher levels of control. This has to be self-control and a control that comes from the greater whole. This is why this project and the system that it puts in play are so important. Clubs that participate in the top European competition need to have solid and good reputations. This good reputation has to be seen as a whole. The development of this reputation means that clubs need to be owners of their future and be willing to make the necessary efforts to find that financial stability, which clearly will involve a level of sacrifice.”
Wednesday, March 07, 2012 Euroleague.net
@AP: Hm! I’ll see what i can do on this this weekend…