8/30/11

Soccer great Eto'o scores $85 million over 3 years!

According to WSJ:

If Inter Milan and Russia's Anzhi Makhachkala reach an agreement over his transfer, he will have to decide whether to stay in Milan, compete for the Champions League and the Serie A title and earn a prodigious amount of money, or simply leave and make more in salary than any athlete in the history of mankind—even if it means becoming invisible to most fans.

According to multiple sources, Anzhi has offered the 30-year-old Cameroonian forward a three-year deal worth $25.5 million per year after tax. Income tax brackets vary, but it would cost a club in a big European league—or, for that matter, the United States—between $50 million and $57 million per season to match the Russian club's offer.

That's not far from the combined earnings, excluding endorsements, of Peyton Manning and Alex Rodriguez.

Anzhi can do this for two reasons. One is that the tax rate for foreigners in Russia is a paltry 13%, so Eto'o would actually cost $32 million a season. The other, more important reason, is that Anzhi owner Suleiman Kerimov is a billionaire. He has already spent big on former Brazilian internationals Roberto Carlos, Diego Tardelli and Jucilei, and he's happy to do the same with Eto'o.

"Negotiations are ongoing," Eto'o said Saturday at the opening of a new hospital in Douala, Cameroon. "It's possible that I could go [to Anzhi] and it's possible that I could stay."

Media reports in Italy suggest that Anzhi has offered $35 million as a transfer fee and Inter is holding out for $42 million. There's a strong chance the two sides could meet halfway this week.

From Inter's perspective, that would be a generous offer given Eto'o's age, the fact that the club is scrambling to meet the UEFA financial fair play requirements that limit annual losses and his current $25 million yearly contract that extends through 2014. By selling him, the club could not only earn itself a hefty transfer fee, but also save some $75 million over the next three seasons.

This explains why Inter president Massimo Moratti said last week that the club had received "a very interesting offer—one we need to consider."

But if the deal makes sense for Inter, Kerimov and Anzhi, it's more difficult to understand Eto'o's perspective, apart from the financial implications.

The term "rich man's plaything" has been thrown around a lot, especially when billionaires with open checkbooks move into sports. But Anzhi takes it to a whole new level.

If Eto'o moves to Anzhi Makhachkala, he wouldn't actually be moving to Makhachkala. He would be moving to Moscow. Because the club is located in Dagestan, which is politically unstable and possibly unappealing to wealthy athletes, the players live and train in Moscow during the week and fly about 1,000 miles to appear in home matches.

He would also be joining a club whose history dates all the way to 1991 and that returned to the Russian Premier League only in 2009. Last year, Anzhi finished 11th. This year, following Kerimov's cash injections, it's up to fifth. That means it could theoretically qualify for the Champions League next year with Eto'o.

Eto'o has played at legendary venues like Milan's San Siro and Barcelona's Camp Nou. The rickety, roofless bowl that is Anzhi's 20,000-seat Dinamo stadium isn't as glamorous.

But here's the biggest problem of all: Eto'o's move to Anzhi is the soccer equivalent of draping himself in an invisibility cloak. The only time Anzhi made mainstream headlines last year was when Roberto Carlos was racially abused at an away game in Samara.

How much does this matter to Eto'o? It's tough to tell. While he has long been among the game's best-paid players—in fact, money was one of the reasons he left Barcelona in 2009—he certainly doesn't fit the stereotype of a greedy athlete.

It's easy to be cynical, but he comes across as intelligent and articulate in interviews. Off the pitch, he works tirelessly with a variety of foundations and charitable projects across west Africa.

Logic would suggest that he has already made more than enough in his career to satisfy most of his ambitions, charitable or otherwise. Then again, $85.5 million tax-free and guaranteed over three years is an absurd amount of money.

Michael Vick agrees to six-year, $100-million contract with Eagles

According to LATimes:

Michael Vick is really back on top now.

Vick and the Philadelphia Eagles agreed on a six-year contract Monday that again makes the Pro Bowl quarterback one of the highest-paid players in the NFL.

A person familiar with the negotiations told the Associated Press the deal is worth $100 million, including about $40 million guaranteed. The person spoke on condition of anonymity because terms weren't released.

Vick has come a long way since spending 18 months in federal prison on dogfighting charges. He led the Eagles to the NFC East title last season, was the starting quarterback in the Pro Bowl and was the AP comeback player of the year.

Vick was due to earn slightly more than $16 million this season after the Eagles designated him the franchise player in February. He'll make a little less, possibly giving the Eagles salary-cap flexibility to give Pro Bowl wide receiver DeSean Jackson an extension.

The 31-year-old Vick joined the Eagles in 2009, and played sparingly as the third-string QB behind Donovan McNabb and Kevin Kolb.

He started last year as the backup but forced his way into the starting role with his exceptional performances after Kolb was injured in the season opener.

Vick guided the Eagles to an 8-3 record in 11 games as a starter in his first season playing full time since 2006. He set career highs in yards passing (3,018), touchdowns passing (21), touchdowns rushing (nine), completion percentage (62.6) and passer rating (100.2). Vick also rushed for 676 yards.

Vick, the No. 1 overall pick in the 2001 draft, once was a megastar with the Atlanta Falcons. He signed a $130-million, 10-year deal in 2005 that made him the top-paid player in the league then. But Vick lost it all when he went to jail and he eventually filed for bankruptcy.

Manning is activated

The Indianapolis Colts activated quarterback Peyton Manning from the physically unable to perform list Monday. A few hours later, the four-time most valuable player pulled on his white No. 18 jersey and a helmet, and jogged onto the practice field, renewing hopes that he might actually play in the season opener at Houston on Sept. 11 four months after neck surgery.

"That's kind of been my goal all along, trying to get better, and I know everybody's into predictions and everybody wants to have the breaking news," an upbeat Manning said. "But I just can't give you any more than what I'm giving you."

What everyone wants to know, of course, is whether Manning will be ready. Nobody, including Manning, will say that yet and he said again that he won't play Thursday in the final exhibition at Cincinnati.

Clearly, though, Manning is getting closer. He acknowledged that he is healthy enough right now to take a snap or play a series to keep his consecutive-games streak intact but insists he won't.

"Like I said the other night, I have to be able to competitively play," he said. "I have too much respect for football. I've got to be able to compete and to help my team win, and that's what's fair to the team, fair to myself."

Manning has started 227 consecutive games, including the playoffs, the second-longest streak in NFL history for quarterbacks behind Brett Favre.

Jets beat Giants

Mark Sanchez threw a 17-yard touchdown pass to Santonio Holmes and the Jets capitalized on two big special-teams plays to defeat the Giants, 17-3, in an exhibition delayed two days by Tropical Storm Irene's devastating visit to the New York metropolitan area.

Bilal Powell had a one-yard TD run in the fourth quarter and the Jets intercepted Eli Manning passes twice. The Giants' Brandon Jacobs and the Jets' Muhammad Wilkerson were ejected for fighting.

NFL faces another lawsuit

Another group of former NFL players is suing the league and helmet makers over head injuries suffered during their careers. The 18 players named in the lawsuit filed in Los Angeles Superior Court include Tampa Bay Buccaneers linebacker Lee Roy Selmon, his brother and teammate Dewey Selmon and former Los Angeles Raiders tackle Brian Holloway.

The suit claims the NFL, Riddell Sports Group and its parent company, Easton-Bell Sports, knew the long-term effects of brain injury from trauma suffered by the players and purposefully hid it from them.

NFL spokesman Greg Aiello said the league would "strongly contest" the claims. More than 75 current and former NFL players filed a similar suit in Los Angeles in July and another group did so this month in Philadelphia.

Etc.

Cincinnati Bengals running back Cedric Benson was sentenced to 20 days in jail after reaching a deal to settle two misdemeanor assault cases in Texas. Benson said he would surrender to authorities on Oct. 17, which is the Monday of Cincinnati's bye week. The Bengals play the Seahawks in Seattle on Oct. 30. … Center Andre Gurode, who has been to five straight Pro Bowls, was released by the Dallas Cowboys. … The Seahawks traded cornerback Kelly Jennings to Cincinnati for defensive tackle Clinton McDonald. … Atlanta Falcons center Todd McClure underwent minor surgery on his right knee and might miss the Sept. 11 opener at Chicago. … The Arizona Cardinals signed Fred Bennett, who was released last week by the Bengals.