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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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ALL ABOUT TOWN

Wednesday, Sept. 17


AmCham’s Investment and Legal Committee Meeting convenes this morning in their office in the New St. Isaac Office Center at 9 a.m.


Learn more about the science of teaching English at today’s EFL Seminar hosted by the British Book Center. Revolving around the topic of learning styles, the workshop will help attendees better understand the different effective learning methods that can be implemented to learn English more effectively.



Thursday, Sept. 18


Get your nerd on at Boomfest, St. Petersburg’s answer to the United States’ popular ComicCon. Starting today, this international festival of comics will take over venues throughout the city center and includes exhibitions of comics and illustrations, film screenings, competitions and the chance to meet the genre’s authors, artists and experts.



Friday, Sept. 19


SPIBA’s newest addition to their Cultural Discoveries events is “Handmade in Germany,” an exhibition featuring unique handmade objects of a significantly higher quality than mass-produced items. The work of over 100 German manufacturers will be displayed during the event, which opens today in the Lutheran Church of Saint Peter and Paul on Nevsky Prospekt and runs through Sept. 28.



Saturday, Sept. 20


Starting on Sept. 18 and ending tomorrow is the Extreme Fantasy Wakeboarding Festival in Sunpark by Sredny Suzdalskoye lake in the Ozerki region of the city.


Those after something more laid back can instead head to Jazz and Wine night at TerraVino with legendary jazz guitarist Ildar Kazahanov. 12/14 Admiralteyskaya Emb.



Sunday, Sept. 21


Learn more about African culture and get some exercise during today’s “Djembe and Vuvuzela,” a bike ride starting in Palace Square that includes several stops where riders can listen to the music of Africa or watch short films about the continent. The riders plan to set off at 4 p.m. and all you need to join is a set of wheels.



Monday, Sept. 22


Do you love puppetry? If so, then be sure to go to BTK-Fest, a five-day festival that starts on Sept. 19 celebrating the art. Contemporaries from France, Belgium, the U.K. and other countries will join Russian artists to put on theatrical performances involving a variety of themes, materials and eras. Workshops and meetings are also scheduled for a chance to discuss the artistic medium in further depth.



Tuesday, Sept. 23


Marina Suhih, Director of the External Communications Department at Rostelecom North-West, and Yana Donskaya, HR Director for Northern Capital Gateway are just some of the confirmed participants of today’s round table discussion on “Interaction with Trade Unions” being hosted by SPIBA. Confirm your attendance with SPIBA by Sept. 22.


Kino Expo 2014, an international film industry convention, will be at LenExpo from today until Sept. 26. The third largest exhibition of film equipment in the world, the expo focuses on not only Russia but former Soviet republics as well.



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