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APPENDIX 2 - Euroleague Basketball

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4.3. Offers shall also include a declaration from the offering Club’s legal<br />

representative to fully comply with the provisions set forth in the<br />

<strong>Euroleague</strong> Standard Player Contract.<br />

5. Filing of the offer with <strong>Euroleague</strong> <strong>Basketball</strong><br />

5.1. Any offer received by the Player has to be filed with <strong>Euroleague</strong><br />

<strong>Basketball</strong> by the offering Club.<br />

5.2. <strong>Euroleague</strong> <strong>Basketball</strong> shall review the offer within five days from its<br />

receipt. In the event that the offer does not comply with the<br />

provisions set forth in the above Article 4, <strong>Euroleague</strong> <strong>Basketball</strong> shall<br />

re-send the offer to the offering Club for review.<br />

5.3. If the offer is in compliance, or once it is in compliance with the<br />

provisions established in the above Article 4, <strong>Euroleague</strong> <strong>Basketball</strong><br />

shall send the offer to the Club without further delay.<br />

5.4. Within fifteen days from the receipt of the offer from <strong>Euroleague</strong><br />

<strong>Basketball</strong>, the Club has the right to meet the offer and thus hire<br />

again the Player under the same terms and conditions established<br />

therein.<br />

The Club shall communicate immediately in writing its resolution to<br />

<strong>Euroleague</strong> <strong>Basketball</strong>.<br />

5.5. If the Club does not answer or expressly declines to meet the offer<br />

within said deadline, by communication in writing to <strong>Euroleague</strong><br />

<strong>Basketball</strong>, the offer shall be final and wholly binding for both the<br />

Player and the offering Club. The final contract shall be filed with<br />

<strong>Euroleague</strong> <strong>Basketball</strong> within the following twenty days.<br />

6. Renewal of the Right of First Refusal<br />

Provided that the time-limit set forth in the above Article 2, paragraph 2<br />

is not yet elapsed, the Club may exercise again the Right of First Refusal<br />

if:<br />

The offer is withdrawn before the Club’s related decision, or<br />

The final contract is not filed with <strong>Euroleague</strong> <strong>Basketball</strong> within the<br />

deadline fixed in the above Article 5, paragraph 5, or<br />

The final contract does not enter into force, irrespective of the<br />

reasons, or<br />

The final contract does not match the terms and conditions set forth<br />

in the offer previously submitted to the Club.<br />

[Date and signatures]<br />

219

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