Almost half of the massive €27.5 million budget is set to go towards the salaries of AS Monaco Basket’s top level players, which include summer signing Kemba Walker, a four-time NBA all-star.
The Roca Team were top of the French league for two reasons last season: the team were crowned Champions of France after an epic win over Boulogne-Levallois in the final in June and also recorded the highest budget of all sides in the Betclic Elite.
This season, however, that big budget is even bigger, having been given a 33% boost, according to statistics published this week by the Ligue Nationale de Basket.
Now set at a reported €27.5 million, it is a record-breaking budget for Monaco’s glory side.
According to media reports, around 48% of that money will go towards paying the salaries of the team’s players. Equating to some €13 million, this represents a 21% increase on last season’s payouts and also sets a record for the biggest sum paid to players in the French league.
But AS Monaco isn’t the only side to increase its budget for this season. Rivals ASVEL Lyon-Villeurbanne have also upped theirs by 33% to €21 million while the average across the league is a boost of 9%.
Back in Monaco, the extra funding available this season demonstrates a shared will and desire amongst those managing the club to take the next step and solidify the Roca Team’s dominance in the French league as well as on the European circuit.
2022/23 was historic for the club, which reached the Final Four of the EuroLeague alongside winning the Betclic Elite for the first time, and 2023/24 seems to have started with just as much promise.
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Photo credit: AS Monaco Basket