According to previous reports, Lithuanian player Valanciunas is willing to give up all his salary and the Nuggets buyout and join the Greek club Panasinakos.
Valanciunas' contract with the Nuggets is about $23.4 million ($10.395 million, $10 million) for two years, of which the second year is insured. Panasinakos will provide Valan with a contract of about 12 million euros (about 13 million US dollars).
According to European media BasketNews, the United States and the NBA system have many taxes, including: federal income tax, Colorado tax, athlete tax, NBA custodial withholding broker fees, and other fees. According to statistics, after deducting all taxes, Valan's actual receipts in the NBA contract for the 2024-25 season were about US$4.2-5 million.
And the 3-year, $13 million contract provided by Panasinakos is the after-tax figure.