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Basketball Boom Sees Rising Payouts in Superleague

Published: April 1, 2005 (Issue # 1057)


A decade ago professional basketball players in Russia were about as confident as striking miners that they would receive their salaries.

But thanks to backing from big business, regional politicians and the Federal Security Service, top Russian clubs this season are awash in cash and readily paying top dollar to some of the best players in Europe.

"Ten years ago, players in Russia were just praying they would get paid by their clubs," said Reed Salwen, whose U.S.-based sports agency, Entersport, has represented more than 10 athletes playing professional basketball in Russia. "Some clubs would not pay their players at all, some would pay them late. You had players fighting with the management and agents filing lawsuits. Players were afraid to sign contracts. Now many of the best contracts in Europe are available in Russia."

As a result the Russian first division, a 14-team competition known as the Superleague, has become one of the strongest leagues in Europe and joined the Italian and Spanish leagues as perhaps the most lucrative options in the world for professional players outside of North America.

Just how much money is floating around the Russian Superleague is difficult to say. The details of players' contracts are as a rule not disclosed in Europe. Furthermore, Superleague clubs are notorious for keeping the size of their budgets under wraps.

But sports magazine ProSport estimated ahead of the 2004-05 season that the Russian teams would spend a total of $71 million this season.

In an informal survey conducted by The Moscow Times of 10 of the 14 Superleague clubs, including last year's top four finishers - CSKA, UNICS, Dynamo Moscow and Ural-Great - only one, BC Samara, would discuss its budget openly. A club spokeswoman said she hoped Samara could muster up a paltry $1 million budget for the season.

The top clubs spend far more. ProSport estimated CSKA Moscow's budget at around $20 million this season, likely making it the richest basketball club in all of Europe. CSKA has a major supporter in Mikhail Prokhorov, a basketball fanatic and controlling owner of Norilsk Nickel with Vladimir Potanin, with whom he is tied for the honors of Russia's seventh-richest man with an estimated fortune of $4.4 billion, according to Forbes. Prokhorov satisfies his basketball passion as the owner of a controlling stake in the club.

Even $20 million could be a conservative estimate, given that sources close to CSKA management said the club's budget last season totaled around $23 million and a CSKA executive said this year's budget is larger than last year's.

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Thursday, July 24


Liliana Modiliani, a well-known Russian stylist, will talk about choosing clothes that fit during her lecture at 7 p.m. at the Pryamoy Efir art club, 13 Viborgskoe Shosse.



Friday, July 25


Discuss Russia’s economic and political prospects for 2014 during a Business Breakfast organized by SPIBA at 9.30 a.m. in the Bank Saint-Petersburg office at 64


Malookhtinsky Prospekt.


Start your weekend with adorable miniature pigs at the Squealing Pig festival at 7 p.m. this evening in the Karl & Friedrich restaurant, 15 Iozhnaya doroga, on Krestovsky Island.



Saturday, July 26


Hundreds of brand-new and retro cars, drag and drift shows, test drives and karting are planned for the Avtobum-2014 festival, which will take place in front of the RIO shopping center at 2 Fuchika Ulitsa.


Participants in today’s SaniDay Summer competition will impress visitors with their hand-made, unusual and hilarious boats, which will race at the Igora Resort near the 54th kilometer on Priozerskoe Shosse.


Metro Family Day will include both serious lectures for adults and master-classes for children, making the event interesting for the whole family. To participate, come to Kirov Park on Yelagin Island.


Photography will be the focus of today’s Photosubbota, which features lectures by famous photographers, meetings with photo schools and studio representatives, and participation in a photography competition. The event starts at noon at Petrokongress, 5 Lodeynopolskaya Ulitsa.


If you like cycling, make sure to visit the Za Velogorod Festival with its retro bike exhibition, market and live music. The second round of the Leningrad Criterium race will also take place during the event at Petrovsky Arsenal in Sestroretsk.



Sunday, July 27


Navy Day will be celebrated with a weapon and military transportation exhibition, self-defense master classes and concerts. The event starts at 1 p.m. in the 300th Anniversary Park of St. Petersburg.



Monday, July 28


Don’t miss a chance to see the latest achievements in robotics during the RoboDom interactive show, exhibiting more than 150 robots. The show will be at BUM center, 22/2 Gzhatskaya Ulitsa, until Aug. 3. The entrance ticket costs 350 rubles ($10).



Tuesday, July 29


A video of a Queen concert from 1986 will be shown today at 8 p.m. in Yaschik, 50/13 Ligovsky Prospekt.



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