Blog Entry

Report: Rudy Fernandez signs with Real Madrid

Posted on: August 15, 2011 3:29 pm
 
Posted by Royce Young

Rudy Fernandez's on again, off again relationship with Real Madrid appears to be on again. Very on again.

According to Eurobasket.com, Fernandez has agreed to a four-year contract with the Spanish professional team. Like a previous report mentioned, Fernandez will return to Dallas after the lockout but then re-return to Spain to play with the club next season and then through 2014-15. If you're wondering, Fernandez's contract with the Mavericks -- a rookie deal -- expires after the 2011-12 season.

However, before we finally check Fernandez off the list, HoopsHype is pumping the brakes. Citing a source, the deal is "not done yet" and Fernandez hasn't agreed. So we're off again, huh? Good grief.

Then again, HoopsHype said a deal "will likely be announced later this week" meaning that something could be in place and it just needs to be finalized. On again.

This isn't just a lockout contingency plan for Fernandez. He wants to sign with Madrid and make it a long-term deal. Currently Fernandez has one year left on his deal with a qualifying offer available for another.

The original offer he received from Real Madrid was a six-year deal and equated to about $4.4 million per year. So that would be around $26 million over six years, which is a pretty massive offer from a Spanish team. Right now, Fernandez is making about $2 million for this year on his rookie deal with next year's qualifying offer being for $3.2 million.

Fernandez's potential deal would include an NBA opt-out, but that's just to get through his current contract. Which is what he said he wanted to do. After that, all bets are off. So he might play a little in Spain, come back, and then go to Spain again for the long term. You know, on again, off again.
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