Greece Loses Magnetism for NBA Millionaires as Tax Doubles
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Greece’s financial crisis is bad news for National Basketball Association players seeking bigger paychecks and rent-free mansions by the Mediterranean.
The Greek basketball league has enticed more than 100 NBA players since nine-time All Star Dominique Wilkins left the Boston Celtics in 1995 for Panathinaikos in Athens. Greek clubs are known for covering players’ taxes and housing costs as well as paying multimillion-dollar salaries.