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 Sign Kostas Papanikolaou

It’s a done deal — the Houston Rockets bench just continues to get deeper!

Kostas Papanikolaou has now been officially inked to a two-year contract!

This had been a negotiation that seemed quite bleak to get done this season.

It had been previously reported that the Rockets weren’t going to sign the European star but it looks like all hurdles have been cleared.

Yahoo Sports’ Adrian Wojnarowski reports:

The terms of the deal were also disclosed according to Woj:

This seems to be a win-win situation for both the Rockets and for Papanikolaou’s camp as his deal is a bit sweeter than the two-year, $4 million dollar offer that was previously tendered that he declined.

Papanikolaou, 24, averaged 6.9 points, 3.4 boards and 2.2 dimes in 28 games for the Euroleague this past season.

The 6’8″, 230-pound ball player and two-time Euroleague champion from Greece is expected to be a valuable asset off the bench and will likely play mostly in the three-spot. Papanikolaou was the 48th pick in the 2012 NBA Draft.

But you don’t have to take my word for it, take a look at Patrick Beverley‘s warm endorsement:

The Rockets acquired Papanikolaou’s rights via a trade in last year’s off season that sent forward Thomas Robinson to the Portland Trail Blazers.

That sounds like a slam dunk to me — go Rockets!

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Tags: Houston Rockets Kostas Papanikolaou

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