PBA News January 17, 1997 |
PureFoods trades Racela to San Miguel for 'nothing'. Is there a conspiracy among members of the Philippine Basketball Association to get back at Mobiline for raiding their ranks of top players? This seems to be the case after Pure Foods, in one of the most unusual player trades this season, shipped pointguard Olsen Racela to San Miguel Beer in exchange for virtually nothing. Racela's agent-manager Danny Espiritu revealed yesterday that Pure Foods released Racela to San Miguel for two second round picks in the next three years beginning in 1998. Observers said the exchange virtually gave nothing to Pure Foods as second rounds picks are practically composed of discards who mostly sat as bench warmers. But the trade was interpreted as expressing Pure Foods' disgust at Mobiline which had been raiding PBA teams with mind-boggling financial offers that has led to an ever-escalating salary demands by players. The 5-foot-11 Racela will reportedly get P12 million for three years, about P333,000 a month, that would make him probably one of the highest-paid if not the highest paid Beerman.
But why the lopsided deal? |
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Source: Manila Bulletin Online
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