Istanbul’s basketball powerhouse Fenerbahçe introduced Friday that it was in negotiations with Zeljko Obradovic to extend the contract of the legendary coach for one more 12 months.
A press release by Fenerbahçe mentioned the membership’s president, Ali Koç, and deputy chairman Semih Özsoy accomplished negotiations with Obradovic for the subsequent season, and Obradovic left Istanbul on Friday. “He will give his reply (to the provide) subsequent week,” the membership mentioned within the assertion.
According to Demirören News Agency (DHA), Obradovic accepted having his annual wage lowered by 30% to 2 million euros ($2.24 million), in addition to agreeing to a 10-million-euro discount to the staff’s price range. Under the brand new deal, the Serbian supervisor can have a price range of 20 million euros for the 2020-2021 season.
Prior to the announcement, a number of experiences alleged the Serbian coach was mulling ending his tenure at Fenerbahçe and taking a yearlong hiatus earlier than returning to teaching, one thing he has achieved up to now after departing Panathinaikos.
Arriving on the Istanbul membership in 2013, Obradovic propelled Fenerbahçe to the highest of European basketball, profitable the EuroLeague in 2017 and coming second twice.
This season, nonetheless, issues have began to take a downturn with Fenerbahçe coming underneath extreme monetary duress. Fenerbahçe was sitting at eighth place within the EuroLeague standings with 13 wins and 15 losses earlier than the event was canceled due to the COVID-19 pandemic.
The membership stood at third place within the home Turkish Basketball League, which was additionally canceled.