PBA News January 30, 1997 |
Espino, Sta. Lucia to ink 5-year, P20-million pact
Three weeks into his well-publicized hold-out and amid swirling criticism from the press, the 6-6 Espino, accompanied by an elder brother, met with Buddy Encarnado, the Sta. Lucia Realty team manager, yesterday morning to discuss details of a much-delayed contract renegotiation. Espino is expected to sign a new contract today, a five-year package which will give him P300,000 a month for this season, P325,000 in 1998, P350,000 in 1998, P375,000 in 1999 and P400,000 in the year 2000 for a total of P20.25 million. The amounts are inclusive of other perks, including a 600-square meter prime lot in Sta. Lucia's Parkwoods property in Pasig. Espino's agent-consultant, Nonie Mediarito, was not present during the one-and-a-half hour meeting yesterday at Encarnado's Sta. Lucia-East Mall office in Pasig. Asked where the agent was, Ed Espino said: "Wala. Ever since naman ay ako ang kasama ni Dennis, hindi si Nonie." After the initial talks which lasted just before noon, Encarnado left the two to discuss Espino's counter-proposal with team owner Exequiel Robles, who holds office on the next floor. The Espino brothers were then asked to join Encarnado at Robles's office. Thirty minutes later, the three returned.
Espino is expected to join the Realtors' workout today after an
absence of almost a month. According to Encarnado, Espino has
reconsidered on his earlier demand for a P24 million. The elder
Espino lamented the way his brother was painted in the press,
insisting Mediarito was never Dennis's agent. Meanwhile, the
Realtors also signed up free agent Elmer Cabahug, power
forward Romeo dela Rosa and rookie Angelo David to
two-year contracts. The Realtors are set to release reserve
center Arnold Gamboa, who in turn will offer his services to San
Miguel Beer which lost a big man when Vegildo Babilonia retired
early this year because of heart problems. -TITO TALAO
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No deal that became big deal.
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Source: Manila Bulletin Online
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