Breaking: DeShawn Sims Signs With Greek Team PAOK

Submitted by MGoShoe on August 3rd, 2010 at 3:05 PM

Peedi3416 Yes Yess RT @umhoops: You sign a contract somewhere? RT @Peedi3416: I'm a million dollar man now....Wow

Peedi3416 Tax Free.....

umhoops True. Just saw that. RT @michigancyclist : "Tax free" would indicate overseas.

Looks like Peedi's heading overseas.  Here's hoping he tears it up and shows his value enough that he gets picked up by an NBA team when his contract is up.

[Edit: Greek team PAOK (Panthessalonikeios Athletic Constantinople) has announced that they've signed Peedi.]

Comments

CG

August 3rd, 2010 at 3:33 PM ^

Some international clubs offer contracts that are after-tax and they also pay for housing, foodt, cars, etc.  I would imagine that's what he's talking about.

Flying Dutchman

August 3rd, 2010 at 5:10 PM ^

As I understand it, an American player in Europe does not pay taxes on his income.   He would have to remain there for something like 11 of the 12 months.   I know this isn't terribly specific.   Friends of mine played overseas and that was the case.

MGoBender

August 3rd, 2010 at 10:07 PM ^

And this is why Manny made the right decision.

If Peedi is a million dollar man, we can probably expect something similar for Manny.  Good for Peedi and hopefully Manny finds similar financial security.

acs236

August 6th, 2010 at 5:59 PM ^

his draft stock.  If Manny game back, improved, and was then drafted by an NBA team, then it's still a live question.  I don't know the answer, but if getting signed to play in Europe always makes it a wise decision to leave college, then that's a fairly low standard.

SanDiegoWolverine

August 6th, 2010 at 6:09 PM ^

I'd been looking the last 2 days at all the Euro bball blogs trying to find where he signed. I guess it didn't come out until today.  If he truly is a "million dollar man" then he will make about 4 times what he would playing for the Celtics. NBA minimum rookie Salary is about 450K, so about 250K after taxes. European salaries are net, so 1 million dollars would be his take home pay. Plus they give you a free house/condo to stay in and a car among other amenities. 

Congrats to Peedi.