The Houston Rockets won’t sign Kostas Papanikolaou, instead keeping his rights and leaving him overseas, according to Nikos Papaioannou.
— Nikos Papaioannou (@ndpapaioannou) July 16, 2014
Clutchfans has confirmed the report.
Source confirms @ndpapaioannou report that Rockets could not complete a deal w/ Greek SF Kostas Papanikolaou and he will stay in Europe.
— ClutchFans (@clutchfans) July 16, 2014
Papanikolaou, 23, averaged 6.9 points, 3.4 rebounds, and 2.2 assists in 28 games in the Euroleague this season.
Papanikolaou will stay overseas because he and the Rockets couldn’t come to terms on a deal. He reportedly rejected a 2-year, $4 million offer from the Rockets, with his buyout being another financial issue.
At 6″8, 230lb, Papanikolaou would have played small forward off the bench for the Rockets. With the departure of Chandler Parsons, Francisco Garcia, and Omri Casspi, there’s a spot to be earned off the bench, but it appears it won’t be Papanikolaou.
The Rockets traded for Papanikolaou’s rights in a deal that sent Thomas Robinson to Portland. He was drafted with the 48th overall pick in the 2012 NBA Draft.
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