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More NBA Players Signing Contracts with Overseas Teams

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Overseas basketball leagues are snatching up our NBA players. Do we care? Last month, Atlanta Hawks' Josh Childress set things off by taking a $20 million, three-year deal offered by Euroleague basketball team Olympiacos. He felt that the Hawks weren't offering him his worth so he bolted.


Then just last week, Carlos Arroyo announced he's doing the same thing. The Orlando Magic guard singed a three year contract with Maccabi Tel-Aviv, an Israeli team, worth $2.5 million. It's the richest contract in Maccabi history, plus Arroyo has the option of opting out and returning to the NBA after one season. He joins Rodney White, a former Pistons team mate of Arroyo, who signed with Maccabi previously.

Now today, free agent guard Earl Boykins announced that he's signed a one year, $3.5 million deal with Virtus Bologna of the Italian league. Boykins will be the highest paid player in Italy for the 2008-09 season where he will also assist with sponsorship and marketing of the team. According to the Canadian Press, also last month, Nenad Kerstic left the Nets and Carlos Delfino and Jorge Garbajosa left the Raptors to sign with a Russian team.

Both Kobe Bryant and LeBron James joked around with reporters saying they would play overseas for salaries worth $40 and $50 million a year. Seriously though, some of those Euro teams have some cash in their back pockets, and with the Euro being worth more than the dollar, will we lose more NBA players to Euroleagues?

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