Basketball

Raymundo first PBA player to sign for new max contract

Kerby Raymundo is staying with the B-MEG Llamados.

The lanky six-foot-six forward was the first player to avail of the new raise in the maximum monthly pay in the PBA as he agreed to an extension worth P9.24 million that will keep him with the Llamados for the next two years.

B-MEG team governor Rene Pardo made this announcement in Wuhan, China as the PBA board, together with commissioner Chito Salud and other league officials flew to Wuhan to support the campaign of the SMART-Gilas Pilipinas national team in the 26th FIBA Asia Championship for Men.

Pardo said Raymundo will receive a monthly paycheck of P350,000 this coming season and P420,000 in the 2012-13 season.

Salud just approved a 20 percent increase in the monthly take of the players and some of the PBA players who are earning the old maximum of P350,000 are renegotiating for the new maximum.

The 30-year old Raymudo missed most of last season because of a knee injury and his return to the Llamados, plus the acquisition of new coach Tim Cone, will definitely boost B-MEG’s chances in the upcoming All-Filipino Conference.

Raymundo had his knee rehabilitated in the United States and returned earlier this month to join team practices.

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