Connect with us

Hi, what are you looking for?

Economy

Perez to Beermen deal OK’d

By Michael Angelo S. Murillo, Senior Reporter

THE Philippine Basketball Association (PBA) Commissioner’s Office approved on Tuesday the revised deal sending league scoring leader CJ Perez to the San Miguel Beermen.

Submitted for approval last week, the PBA’s trade committee pored over the details of the deal at the weekend before coming up with its decision.

The deal has Mr. Perez going from the Terrafirma Dyip to the Beermen in exchange for role players Matt Ganuelas-Rosser, Russell Escoto, and Gelo Alolino, along with San Miguel’s first-round rookie picks for this year’s draft  (eighth) and in 2022.

The 2022 pick was the revision made to the deal.

Mr. Perez was part of the Dyip for two years and was a stalwart for the team right from the get-go.

Unfortunately, the Dyip did not have much success during that run, with the team finishing last in the lone tournament last year with a 1-10 record.

It is something that the Terrafirma management hopes to change in trading away its star player.

“We reviewed our program. It was a long process for the management and the coaches. So, we came to a conclusion that we still have missing pieces and we needed certain players,” said Bobby Rosales, the team’s representative to PBA board, of their decision to move Mr. Perez.

“Without question, CJ Perez is a good player and it would be hard to compare him to other players. But the strategy was to complete the team. And to get something of value, you have to give away something of value,” he added.

Apart from the veteran players they will be getting from San Miguel, Terrafirma is high on the eighth pick they will be getting from the deal, in addition to the top overall pick it holds, considering how talent-rich this year’s rookie draft pool is.

“We have players we are looking at. But we know we are weak in the center position, and we need height and firepower,” said Mr. Rosales.

In San Miguel, meanwhile, Mr. Perez will be playing alongside multiple league most valuable player awardee June Mar Fajardo as well as veterans Arwind Santos, Alex Cabagnot, and Chris Ross.

Also part of the Leo Austria-coached Beermen are Terrence Romeo, Mo Tautuaa, and Von Pessumal.

The trade committee, which decided on the deal, was composed of league technical consultant Joey Guanio, deputy commissioner Erik Castro, legal counsel Atty. Melvin Mendoza, and technical officials Ma. Roscelle Teotico and Junior Bengua.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

THE DEPARTMENT of Agriculture (DA) approved a suggested retail price (SRP) of P125 a kilo for imported red onions in the National Capital Region...

Economy

THE PHILIPPINE ECONOMY could grow by as much as 8-10% if the government can address the gaps in agriculture, investment, and good governance, according...

Economy

By Keisha B. Ta-asan, Reporter GLORIA L. JAPON, a 48-year-old public school teacher from Cavite south of the Philippine capital, admits struggling to pay...

Economy

GLOBE Telecom, Inc. has signed an agreement to lease telecommunications towers in Southern Luzon to a unit of Thailand-based Sky Tower Plc. to monetize...

Economy

A UNIT of listed holding firm A Brown Co., Inc. has secured a P400-million funding for the construction of a commercial electron beam or...

Economy

MANILA Water Co., Inc. on Monday said that it would submit its completion plan to build and operate water, sewerage and sanitation projects until...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.