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:
Houston is signing Kostas Papanikolaou to a two-year deal, league source tells Yahoo.
— Adrian Wojnarowski (@WojYahooNBA) August 8, 2014
The terms of the deal were also disclosed according to Woj:
Papanikolaou gets $4.8m guarantee for ’14-15 season and team option for 2nd year at $4.6m. He’s been in Europe since 2012 draft. 48th pick. — Adrian Wojnarowski (@WojYahooNBA) August 8, 2014
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:
— Patrick Beverley (@patbev21) August 8, 2014
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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