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Draft buzz: Calathes' deal in Greece

By Chad Ford
ESPN.com

Tuesday, May 26, 2009

The latest draft talk from around the league: • Everyone is scratching their heads about Nick Calathes' decision to sign with Panathinaikos of Greece. I'm not. Here's what's not being reported. Calathes' three-year, 2.1 million euro contract is worth more than you think. Given the exchange rate, that's $3 million guaranteed. Now here's the kicker: that's Calathes' net, not his gross. European contracts take care of taxes, an apartment, car, travel and living expenses. So Calathes' t ...

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