![]() The league considers this as the highest amount offered to any import or registered Asian Quarter player. The deal involving the former National Collegiate Athletic Association’s Most Valuable Player from the Letran Knights has exceeded the league’s salary cap, according to reports from Korea.Ībando got this agreement with team executives months after he decided to forgo his final year in college. Human beings are born to crave for financial security, as much and as how much is possible.Rhenz Abando will get around 237 million won or P13.89 million in his first season with Anyang KGC Ginseng Corporation in the Korean Basketball League, the highest amount that will be paid by a club team to an Asian import. And if you check his social media, he portrays himself as a luxurious individual.Īctually, even if it is true that Romeo and the other stars of San Miguel are receiving less than the maximum, a bigger question will arise. You cannot blame the fans for not believing the article that Romeo was willing to cut his salary into half because it was reported in his time in Northport that he was looking for more money. ![]() Do you believe that?Īctually, I cannot remember any news about salary-reduction in the PBA in my lifetime.Īdd everything and it was not surprising that a lot of fans were disappointed and did not believe the revelations from the governor of the most star-studded team in the league. ![]() The reported salary-reduction is a piece of big news that none of the national media found out. One of his most shocking statement was that June Mar Fajardo is their lone player with a maximum contract!įurther, in the article, it was revealed that Romeo is only earning P200,000 because the maximum contract that he signed with Globalport in 2016 was reduced! So, how in the hell has San Miguel kept a core of six cream-of-the-crop players who are not tied to a rookie contract?Īccording to SMB governor Robert Non, the majority of their top players sacrificed by reducing their salary. In short, that salary is basically reserved for the cream of the crop players. No player should have a salary of more than that. It is P420,000 monthly, which is P5.04 million annually. No team should go over that ceiling (P50,000,000 annually for the PBA) and go under that floor (P27,000,000 annually for the PBA). ![]() The salary cap has a ceiling and a floor. ![]() If you are not familiar with the salary cap, let me explain. In a very revealing article of Spin.ph, it was revealed how San Miguel Beermen managed to incorporate Terrence Romeo into their salary cap. ![]()
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