Last summer, Linas Kleiza bolted to Greece to play for Olympiakos on a two-year, $12.2 million contract with an opt-out after the season. Apparently he’s had enough souvlaki. Choosing to come back to the NBA for arguably less money, according to Marc Spears at Yahoo! Sports, Toronto has signed Kleiza to a four-year, $20 million offer sheet. Read More »

What started as a rumor early Friday morning came to fruition over the weekend: Von Wafer has parted ways with Olympiakos. And while the rumor mill has been churning that Wafer may sign with the Grizzlies once he is back stateside, the Memphis brass might want to reconsider after the following statement from Olympiakos head coach Panagiotis Giannakis: Read More »

Even though Josh Childress was playing on a squad with Linas Kleiza, LeBron had to make sure that he knew he wasn’t in the NBA anymore.

I couldn’t make this stuff up. After hearing that Linas Kleiza was signing with Olympiakos, it appears that Von Wafer has decided to join him. Read More »

After we mentioned in Smack this morning that Linas Kleiza was getting closer and closer to signing with Greece’s Olympiakos, Marc J. Spears of Yahoo! Sports just announced on his Twitter that the Denver free agent has agreed to a 2-year, $12.2 million deal with an opt-out next year. Read More »

The latest rumors out of the Euro-basketball world is that the Greek basketball club Olympiakos is set to offer Allen Iverson a 2-year deal worth an estimated $10 milllion. That deal would be the same proposed offer that Nate Robinson recently turned down and would be about equal to the NBA’s mid-level exception that NBA teams are offering him. Read More »

While you may have heard yesterday that Olympiakos – the same team that lured Josh Childress over to Greece – is interested in Knicks point guard Nate Robinson, apparently the Greek team is willing to give Nate up to five million reasons why he should learn to like souvlaki. Read More »

After testing the free agent waters like a college player trying to assess his draft stock, it appears Josh Childress is happier making euros than dollars. The restricted free agent and former Hawks swingman said this morning he is returning to Olympiakos for the 2009-10 season, not opting out of his contract and trying to return to the NBA. Read More »