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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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Wednesday, Apr. 16


Learn more about AmCham’s efforts during the Joint Manufacturing, and Investment and Legal Committees Meeting today at 9 a.m. Check their website for more information about the event.


Today marks the beginning of IPhEB and CPhI Russia 2014, an international forum for the pharmaceutical industry and biotechnology that will be at LenExpo today and tomorrow. Those both already established in the industries and hoping to start a career are encouraged to attend and network with their colleagues.


Thursday, Apr. 17


Expocenter Eurasia at 13 Ulitsa Kapitan Voronin is the sight of Goods on the Way, a five-day event starting today showcasing the latest in the industrial products industry. Bags, backpacks, swimsuits and much, much more will be available to attendees hoping to update not only their style but their accessories for the upcoming summer.


Friday, Apr. 18


Teachers and students alike shouldn’t miss the opportunity to establish lasting contacts with Russian and foreign institutions during the 21st Education and Career Fair at LenExpo, beginning today and finishing tomorrow. Learn more about education in Russia and connect with your fellow scholars.


The Tromso International Film Festival, Norway’s largest, brings a short festival to St. Petersburg for one day only during Scandinavian Oddities, starting at 7 p.m. today at Rodina Cinema Center. Tickets for the event are 100 rubles ($2.80).


Sunday, Apr. 20


Celebrate Easter at Pavlovsk during the Easter Fair that begins today and continues through next Sunday. Visitors will have the chance to paint Easter eggs and children can take part in games as well as help decorate a tree in honor of Christianity’s holiest day.


Today is one of the final days to see the exhibit Cacti — Children of the Sun at the Peter the Great Botanical Garden. Starting Apr. 17, budding botanists will marvel at the variety and beauty of the desert’s most iconic plant.


Monday, Apr. 21


Improve your grasp of Neruda, Bolano and Marquez at TrueDA’s Beginners Spanish Lesson this evening at their location on the Petrograd Side. An experienced teacher will be on hand to help all attendees better understand the intricacies of the language and improve their accent.


Tuesday, Apr. 22


SPIBA’s Breakfast with the Director event series continues as the association welcomes Andrei Barannikov, general director of SPN Communications, to the Anna Pavlova Hall of the Angleterre Hotel this morning at 9 a.m. Attendees must confirm their participation by Apr. 21.


The AmCham Environment, Health and Safety Committee Meeting is scheduled to begin at 9 a.m. this morning in the their St. Petersburg office.