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Chapter 624 Sponsoring CBA(2/2)

Chen Maikang was stunned for a moment, and then said: "For things like advertising endorsements, you can go directly to the Oriental Team or Dayao himself to talk about it. Why do we need our Basketball Association to pull the strings? Our Basketball Association never cares about this kind of thing.

thing."

"Dayao's situation is quite special. He will enter the NBA in the future, and then it will be related to the Basketball Association." Li Weidong replied with a smile.

Chen Maikang rolled his eyes and immediately understood what Li Weidong meant.

There are clear regulations on the distribution of bonuses and advertising endorsements for Chinese athletes. The country has long designated the "Measures for the Management of Prize Money for Athletes' Prize Competitions".

The first is personal income tax, which has certain exemptions. Prize money for some large competitions, such as the Olympic Games, is exempt from personal income tax.

10% of the competition bonuses for individual events are donated to the National Sports Fund, which is handed over to the General Administration of Sports. 30% is used as a reward fund for the training and training units of athletes, and the remaining 60% is for the athletes' own teams. This team includes athletes

myself, the relevant coaches and related personnel.

For team event competition bonuses, 10% will go to the National Sports Fund unchanged, 20% will go to the unit that trains and transports athletes, and 70% will go to the athlete team.

The money earned by athletes who go abroad to play in professional leagues is equivalent to game bonuses, and part of it will be turned over to the country.

So when Dayao went to play in the United States, part of his income was given to the Basketball Association, and part of it was given to the Oriental Team that trained Dayao.

As for advertising endorsement fees, there are also clear regulations. For example, national team athletes receive 50% of the endorsement fees themselves, and the remainder is distributed between the national team and the athlete transport unit.

After all, Chinese sports pursues a nationwide system. From grassroots sports schools, to provincial sports teams, to national teams, each level unit spends money. Therefore, when athletes can bring economic benefits, each level

Everyone needs a share of the pie.

When Chairman Yao went to play in the NBA, although he was playing in a commercial league, he was always inseparable from the domestic basketball association. There were various interests involved, including the athletes themselves, the basketball association, and the Eastern Team.

, and there are places.

Therefore, it would be better to ask Chairman Yao to speak for him or to coordinate through the Basketball Association.

Feiyue Sports only contributes money. Li Weidong does not want to participate in the specific distribution of benefits. Let the relevant stakeholders discuss it on their own!
Chapter completed!
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