Mar 1, 2014; Houston, TX, USA; Houston Rockets mascot Clutch runs onto the court before a game against the Detroit Pistons at Toyota Center. Mandatory Credit: Troy Taormina-USA TODAY Sports

Report: Houston Rockets Won't Sign Kostas Papanikolaou

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The Houston Rockets won’t sign Kostas Papanikolaou, instead keeping his rights and leaving him overseas, according to Nikos Papaioannou.

Clutchfans has confirmed the report.

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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Tags: Houston Rockets Kostas Papanikolaou

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