Look what I found....Spurs paid 300k Manu only had to pay 200k 350k on his own to buy out.
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By Johnny Ludden
San Antonio Express-News
Web Posted : 07/17/2002 12:00 AM
Emanuel Ginobili, the flashy Argentine guard who the Spurs hope will add some life to their sometimes lethargic offense, bid farewell to his Italian team Tuesday before leaving for San Antonio to begin his NBA career.
Ginobili, taken by the Spurs with the 57th overall pick in the 1999 draft, will receive a two-year contract — the maximum allowed using the league's $1.4 million salary-cap exception — totaling $2.94 million. He is scheduled to arrive in town tonight, and the Spurs will announce his signing at a news conference Thursday afternoon.
Danny Ferry also has reached an agreement in principle on a two-year contract with the Spurs.
The NBA on Tuesday released its salary-cap and midlevel exception figures for the 2002-03 season. The cap will decrease for the first time in its 18-year history next season, falling 5.2 percent to $40.271 million. The midlevel exception reportedly will be $4.545 million.
Because of the new numbers, the team may need a few days to complete the paperwork for the signings of Ferry, Malik Rose and Bruce Bowen. Rose has agreed to a seven-year contract worth $42 million, and Bowen reportedly will receive a three-year deal totaling about $11 million.
Ginobili will complete the buyout of his contract with Kinder Bologna, the Italian team for which he starred the past two seasons, after signing with the Spurs. The Spurs will contribute the NBA maximum-allowed $350,000 to the buyout, which reportedly totals between $500,000 and $650,000. Ginobili will then receive a clearance letter from FIBA, which oversees the European leagues, to officially join the Spurs.
"I'm a little scared of everything going into my NBA career," Ginobili told Italian reporters Tuesday. "I've never been in the U.S. longer than a week in my life and that was on vacation.
"It's a big challenge but I'm just about starting to face it. I have doubts but I also have great confidence in my ability; whenever you go up one level, it's going to be difficult, but my motivation will go up one notch, too."
Since the Spurs drafted him three years ago, Ginobili has developed into one of the top European players. He was named the 2001 Euroleague Finals MVP after leading Kinder Bologna to the 2001 championship. This past season, he averaged 15.2 points, 3.6 rebounds and 3.1 assists in the Euroleague, and 19.9 points, 4.3 rebounds, 2.2 assists and 4.3 steals in Italian League play.
An athletic 6-foot-6 guard with considerable leaping ability, Ginobili finishes well at the basket, possesses 3-point range and can create off the dribble. Spurs coaches and scouts believe he will be able to contribute immediately.
"I do not have one single goal for my San Antonio career," Ginobili said. "I'm not setting any minimum of minutes I'd like to play, but I just want to gain my teammates' confidence. I hope I can reduce my settling period to a minimum and show I can play at that level, then perhaps achieve a little more than that."
Ginobili, who turns 25 on July 28, believes he will benefit from playing on a veteran team. He's already joined Tim Duncan, David Robinson and Tony Parker as a Nike representative after signing a four-year endorsement contract with the shoe company.
"When I joined Kinder in 2000 I was not supposed to be a leader; other players were, but I worked my way to the top," he said. "In San Antonio it might be a good thing that I'm not expected to be the star of the team. It may help take some pressure off me."
Notable: Stephen Jackson, Amal McCaskill and Jason Hart all played well in the Spurs' 70-66 loss to Orlando on Tuesday in the Shaw's Summer Pro League.
Jackson led the Spurs with 18 points, seven rebounds and four steals. McCaskill added 14 points and nine rebounds before fouling out. Hart totaled seven points, six assists and five rebounds.