Friday, June 27, 2008 - The Progress & Freedom Foundation Blog

Weak Dollar Roils World of Roundball

During last night's NBA draft, ESPN basketball analyst Fran Fraschilla, analyzing the 20th pick by the Charlotte Bobcats of Frenchman Alexis Ajinca, a 7-foot center with a 7'-8" wingspan, said the NBA has some major issues drafting foreign players:

This is going to be very interesting. He may actually benefit from staying overseas an extra couple years. The interesting thing about foreign guys right now -- the value of the dollar versus the euro, being picked 20th and lower in the first round, really becomes an issue.

Forget $140-oil -- when the weak dollar pushes potential NBA basketball players back to the French A-League, you know we're in trouble.

posted by Bret Swanson @ 10:26 AM |