How much did each Gilas Pilipinas player earn at the FIBA World Cup in 2023? There are rumors and speculations regarding the salaries of Philippine National team players, and we are here to demonstrate them. Determine who was paid the most and how much they received during the group stage. But, before we start, some of these figures are from unknown sources, and Gilas or the organization needs to share the actual quantity.
No one is surprised after learning that Jordan Clarkson is being paid approximately $1 million, excluding insurance pay. According to Fast Break, Clarkson will receive an estimated $1,000,000 or approximately ₱56,000,000.
After his outstanding performance in the 2023 FIBA World Cup, it was all worth it. Gilas Pilipinas was carried by JC, which may seem like a stretch. Unfortunately, even the scoring prowess of the 2021 Sixth Man of the Year is insufficient. JC inked a three-year, $55 million contract extension with the Utah Jazz this year.
Another report from Fast Break reveals that Kai Sotto’s camp requested compensation from Samahang Basketbol ng Pilipinas (SBP) for $400,000, roughly ₱ 11.4 Million. Currently playing for the Hiroshima Dragonflies in Japan’s B-League, Sotto still hopes to become the first Filipino of pure blood to reach the NBA.
Some would say he is overrated or overhyped, but the youngster has potential and a way to go. Nevertheless, there are allegations that SBP rejected the 400k request and reduced it by half ($200,000). Due to a shortage of playing time, Kai Sotto could not showcase his talents on the international stage.
Overseas Filipino Player
Due to their current contracts, overseas Filipino athletes such as Dwight Ramos, AJ Edu, and Rhenz Abando could earn enormous sums of money.
According to their current contracts, Filipino players in overseas competitions earn three times as much as PBA players who receive the utmost salary. Anyang KGC of the KBL (Korean Basketball League) is expected to pay fan favorite Rhenz Abando approximately 9.5 Million in his first year. That is approximately 1,100,000 per month for six months of basketball season.
On the other hand, Dwight Ramos and AJ Edu compete in Japan. Multiple sources indicate that Ramos and Edu will earn approximately 5,000,000 per season or 600,000 per month. Considering everything, SBP will match their existing monthly salaries.
June Mar Fajardo and Japeth Aguilar
The first and second highest-paid athletes in the Philippine Basketball Association are also members of Gilas Pilipinas. June Mar Fajardo and Japeth Aguilar, two veteran champions in the PBA, each earn hundreds of thousands of Pesos. They are the only two athletes receiving the utmost salary of approximately 400,000.
Kiefer Ravena, Roger Pogoy, Scottie Thompson, Jamie Malonzo, and CJ Perez are likely the lowest-paid locals.
We need information regarding the actual minimum salary for national team players. However, it is reasonable to assume that the residents earn significantly less than Jordan Clarkson, Kai Sotto, and June Mar Fajardo.
Regarding the instructors’ salaries, we cannot tell for sure. However, given Chot Reyes’ attire during the World Cup, they must be paid very well.
It is well-known that coaches are not compensated as lavishly as celebrity athletes but still earn at the same level. Regarding Gilas Pilipinas head coach Chot Reyes, we have yet to learn how much he made during the World Cup group stage. However, based on his fashion statement (which elicited chaotic reactions from netizens), we can conclude that Reyes is paid by SBP and MVP (Manny V. Pangilinan).
In conclusion, the salaries of Gilas Pilipinas athletes and instructors provide insight into the Philippine basketball economy. Jordan Clarkson leads the group with an impressive income, followed by Kai Sotto, overseas Filipino players, and leading PBA stars. The exact numbers may differ, and some negotiations remain confidential, but these insights cast light on the team’s financial diversity.
Regarding local athletes, it is evident that they may earn less than their international counterparts. However, their dedication to representing the Philippines internationally is priceless.
While the coaches’ salaries remain confidential, their commitment to the sport and team is apparent. Chot Reyes, the head coach, stands out for his coaching skills and unique fashion sense, indicating that the coaching staff is well compensated.
In the ever-changing basketball world, these financial considerations emphasize the sport’s multifaceted nature, in which talent, commitment, and international exposure play crucial roles in determining compensation.