Minnesota Timberwolves president David Kahn disputed a Spanish report Wednesday that point guard Ricky Rubio will be staying in Spain for another two years.
The Spanish Web site Marca.com reported earlier in the day that Regal Barcelona had reached a buyout agreement with Rubio’s team, DKV Joventut for $5.3 million. The report said Rubio would sign a six-year deal with the team that included an affordable buyout in 2011 that would allow him to come to the NBA.
MINNEAPOLIS (AP) — Minnesota Timberwolves president David Kahn said point guard Ricky Rubio’s buyout situation is “still very problematic” and he remains unsure of when the fifth overall pick will come to the United States.
Ricky Rubio plans to part ways with Spanish basketball club DKV Joventut even if the Minnesota Timberwolves cannot reach a deal to bring their first round draft pick to the NBA.
Timberwolves president David Kahn was in Spain this week to try and help the fifth overall pick negotiate a buyout of his contract with Joventut. Rubio is at odds with his boyhood club over a buyout clause that could cost the 18-year-old point guard as much as $6.6 million. The NBA’s collective bargaining rules limit the Timberwolves’ contribution to $500,000.
MINNEAPOLIS (AP) — When Matt Delzell takes a look at Ricky Rubio through his sports marketer’s glasses, all he sees are dollar signs.
“He’s young. He’s Spanish. He’s a good-looking kid,” said Delzell, a director for Los Angeles-based Davie Brown Talent, one of the largest talent buyers in the United States. “There is a lot of hype and buzz that is already around him.”
The Minnesota Timberwolves cannot do much financially to help Ricky Rubio with a multimillion-dollar buyout of his contract with DKV Joventut in Spain.
So team president David Kahn will head across the Atlantic next week to meet with the team personally in hopes of lowering the $6.6 million price tag that has threatened to keep the wunderkind point guard in Europe for at least next season.
Four days after Ricky Rubio was drafted by the Minnesota Timberwolves, it appears that the teenage Spanish sensation has become the most wanted man in the NBA.
Executives across the league are flooding Timberwolves president David Kahn’s office with calls offering trades to bring Rubio’s slick passing skills and moptop hairstyle to their cities. In the Twin Cities, fans can’t wait to see the highlight factory zipping behind-the-back feeds to Al Jefferson and Kevin Love.
Hours after flashy first-round pick Ricky Rubio skipped an introductory news conference with the Minnesota Timberwolves, the franchise’s new front man issued an open letter to fans and critics who are worried the team goofed by drafting two point guards.
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