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APPENDIX 2 - Euroleague Basketball

APPENDIX 2 - Euroleague Basketball

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two days if the Contract is filed with <strong>Euroleague</strong> <strong>Basketball</strong> at any time after<br />

the relevant <strong>Euroleague</strong> competition has begun.<br />

15.5. By signing this Contract the Player acknowledges that the Club,<br />

allowing and preparing him to play at the highest national and European<br />

level (in particular competing within the <strong>Euroleague</strong>), contributes in a<br />

fundamental way to his physical and technical training, development and<br />

improvement.<br />

Accordingly, if the Player is under twenty-four years of age at the time of<br />

expiration of this Contract, and if after said expiration the Player signs a<br />

contract with a club competing within a non-European professional league<br />

for an amount significantly higher than the Compensation, the Player shall<br />

compensate the Club for said training, development and improvement with<br />

1,500,000.00 (one million five hundred thousand) euros or with 20% of the<br />

total compensation contractually agreed with said club competing in a non-<br />

European professional league, whichever is highest.<br />

16. Entire Agreement<br />

16.1. This Contract, including any exhibits hereto, contains the entire<br />

agreement between the Parties and supersedes all prior communications,<br />

whether oral or written, by either party. Any change has to be made in<br />

writing, dated and duly signed by both Parties and approved by <strong>Euroleague</strong><br />

<strong>Basketball</strong> according to the above Article 15.4.<br />

16.2. Any other written or oral agreement between the Parties, even if<br />

done through third parties or anyway in circumvention of this Article 16,<br />

shall be invalid, ineffective and unenforceable.<br />

[Date and place of signature] ……………………….<br />

THE PARTIES<br />

______________________<br />

THE CLUB<br />

________________<br />

THE PLAYER<br />

214

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