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Why Childress left Hawks for Greece

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Sorting through the difference between Euros and dollars was crucial for Josh Childress and his representatives as they weighed an offer from a Greek team (Olympiakos) paying with Euros and an NBA team (Hawks) paying with dollars. Either way you slice it Olympiakos was offering more, including an annual salary nearly twice the value of the Hawks' offer annually: club becomes a net of salary of about $6.7 million a year for Childress. The Hawks offered five years and $33 million, which after taxes paid by Childress becomes a net salary of about $3.4 million per year for Childress. In addition to the double-stuffed salary Olympiakos also pays for all of Childress' living expenses, including luxury accommodations, a car and driver and maid service. Childress also has an annual opt-out clause in the contract that will allow him to weigh his NBA options, as a restricted free agent provided the Hawks tender a qualifying offer to him, every summer.

Atlanta Journal Constitution

Josh Childress, Chris Graythen/Getty Images Josh Childress, Chris Graythen/Getty Images

Comments (57) Add A Comment

July 24, 2008  08:53 AM ET
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Ya, no new news here.....

July 24, 2008  08:58 AM ET
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The only question is WHY this got three consecutive days of stories.

Yes. $$$. We get it.

July 24, 2008  09:04 AM ET
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It's called money, numbnutz. We get it loud and clear.

July 24, 2008  09:11 AM ET
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I wouldn't want to play in Atlanta, especially if some European team offered me double.

July 24, 2008  09:19 AM ET
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Money,cash,ca-ching.Hope your happy in Greece Josh,because here the Hawks were finally starting to enjoy some success.He'll be back in a year.

July 24, 2008  09:26 AM ET
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its called money and atlanta sucks and Europeans chicks are hot,

July 24, 2008  09:31 AM ET
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The dollar value is sucking so bad, people are leaving the NBA to Europe for double their salaries.

July 24, 2008  09:38 AM ET
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Dollars....Euro's......whatever....either way he is rich!

July 24, 2008  09:51 AM ET
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This is a waste of T&R seriously...Wake me up when we actually give a s***..*snoozes*

July 24, 2008  09:56 AM ET
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Dollars....Euro's......whatever....either way he is rich!

jayhawkfan11 | 07/24/08, 09:38 AM

Hey, they can take me to Gitmo for that kind of money.

July 24, 2008  09:57 AM ET
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The first time Josh drops the soap in Greece he'll be state side in a New York minute.

July 24, 2008  10:05 AM ET
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Show me the money.. kinda like the gal who took the position for Russia in the games because she was mad about past teams she was not on and she was offered millions to play against her nation; America.

All about money..

July 24, 2008  10:22 AM ET
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kiz assh, mulah, money money money...

Its all about the benjamins baby

July 24, 2008  10:23 AM ET
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Sweet deal - and with the US economy not getting better, his Euros will be worth even more with time.

July 24, 2008  10:30 AM ET
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Joe

How big was the bouncing baby boy????

July 24, 2008  10:40 AM ET
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Joe drinks Dew is a Daddy! | 07/24/08, 10:22 AM
-------------------------------------

CONGRATS JOE !!!

July 24, 2008  10:44 AM ET
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"Dollars....Euro's......whatever....either way he is rich!
jayhawkfan11 | 07/24/08, 09:38 AM"

And all th uso he can drink! OMG yes he is rich!!!!!!!!!!!!!!!!!!!!!!

July 24, 2008  10:50 AM ET
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How much longer before Euro teams start throwing money out at the more lucrative NBA stars?

July 24, 2008  11:19 AM ET
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This was a no brainer...

 
July 24, 2008  11:22 AM ET
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At the current exchange rate, Childress will make $31 million US dollars. That's a bigger difference than the thread indicates. TAX FREE! With a car, a driver, and living expenses, he may never come home again.

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