"Compensation alone is more than 1 billion won, and the market is distorted"...KBL Free Contract Without Freedom, Contradiction of Higher Salary Immediately Before FA
"Compensation alone is more than 1 billion won, and the market is distorted"...KBL Free Contract Without Freedom, Contradiction of Higher Salary Immediately Before FA
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The free agent market for professional basketball is not free. In order for each club to receive compensation, the annual salary of players is drastically raised in the season just before the FA, and eventually, high-salary players are hamstrung by compensation. As a result, there are voices calling for overhauling the current system, which has sent compensation soaring by more than 1 billion won (approx.
The Korea Basketball Federation (KBL) announced that 18 out of 52 players have moved their teams as a result of autonomous negotiations for the 2025 FA, which ended on the 2nd. The players that the recruiting club has to compensate are Heo Hoon (Busan KCC) and Kim Nak-hyun (Seoul SK), who were among the top 30 players in the league's pay rankings last season. Like Heo Hoon, Kim Sun-hyung (Suwon KT) signed a contract for an annual salary of 800 million won in the first year, but avoided the compensation system based on the "under 35" standard.
In exchange for recruiting Heo Hoon, who is 29 years old, KCC must either pay Suwon KT with 1.4 billion won (1.5 million U.S. dollars), or 200 percent of his last season's annual salary, or send a compensation player with 50 percent (350 million won or 350 million won). Four players, including Heo Hoon, can be protected. SK plans to provide up to 1 billion won (200 percent of the previous season's annual salary) to Korea Gas Corporation in Daegu in return for recruiting Kim Nak-hyun. In contrast, 37-year-old Kim Sun-hyung missed the compensation even after signing a three-year contract.바카라사이트
Because of this, there is a competition for compensation. Just before the club qualifies as a FA, the player is forced to be in the top 30 in the league's annual salary. Representative examples are Oh Jae-hyun and Han Hee-won. Oh Jae-hyun, who played in total remuneration from 100 million won to 310 million won last season, renewed his contract with SK for 250 million won. Han Hee-won also stayed at KT, but his annual salary fell from 360 million won to 350 million won. Kim Nak-hyun also fell from 500 million won to 450 million won.
Excessive compensation can also cause lost children to the FA. Han, who was signed and traded to Ulsan Hyundai Mobis last season due to his inability to find a team, made a 300 million won contract with Samsung in Seoul after being excluded from the top 30 in annual salary. "The compensation system distorts the market. The player has to make a big hit when he is a free agent, but the club has no choice but to strategically pay a higher salary for all seasons," a source from the team told the Seoul Shimbun.
As a result, trust between players and clubs will decline. "I heard that the basketball court is so narrow that high-ranking officials of the team agree on compensation. Eventually, the players are dragged around," B said.
It is also not well-known that only one season's annual salary can be negotiated according to the standard contract. It is widely known that many players are guaranteed multi-year salaries. "The reality is that it is difficult to negotiate even with verbal abuse unless they agree on several years of compensation," said an official of the C team.
"Most of the compensation of more than 1 billion won is equivalent to the club's annual admission revenue," he said. "The league is fun only when players move freely. There is a salary cap system, so there will be no problem even if the compensation is eased. We need to think about applying the compensation system only to players with a remaining contract period, such as transfer fees," he said.