Ricky Rubio Disputing Buyout Clause in Contract
Spanish teenager Ricky Rubio, projected as a top-five pick in the NBA draft, took the first step in clearing his way toward the NBA on Monday when he notified his team, DKV Joventut, that he wants to terminate his contract.
Rubio is asking out of his deal, and also is challenging a 4.75 million Euro (approximately $6.6 million) buyout, which climbs to 5.75 million Euros after June 30. Rubio made 70,000 Euros last season (about $97,000) and is scheduled to make 125,000 Euros next season (about $175,000).
"The [buyout] clauses are disproportionate to his salary — abusive clauses," Rubio’s father, Esteban, told ESPN’s Chad Nielsen. "We want to know, if he really left, whether or not he’d have to pay these amounts. It’s fair for DKV Joventut to get paid a certain amount of money, but what they want to collect is out of proportion with what Ricky earns."