Former NBA players Kendrick Nunn and Cedi Osman have signed extensions with defending EuroLeague champion Panathinaikos, team owner Dimitris Giannakopoulos announced today (story via BasketNews.com).
According to Giannakopoulos, Nunn has signed a three-year extension with the Greek powerhouse, while Osman’s deal covers two more years.
Greek outlet SDNA reported a couple weeks ago that Nunn had agreed to a three-year extension that will make him the highest-paid player in the EuroLeague, with an annual average salary of €4.5MM (hat tip to EuroHoops.net). Nunn’s contract does not feature NBA out clauses and is fully guaranteed, tweets Donatas Urbonas of BasketNews.
The €4.5MM yearly figure is after taxes have been taken out, according to Urbonas (Twitter link). That’s approximately $4.9MM annually, Urbonas notes.
Nunn, who last played for the Wizards during the 2022/23 campaign, has become one of the best players in Europe, averaging 20.8 points, 3.6 rebounds, 4.2 assists and 1.1 steals in 32 EuroLeague contests this season (31.1 MPG). The American guard has been extremely efficient offensively, posting a .503/.419/.846 shooting slash line in those appearances.
Osman, 30, played for San Antonio in ’23/24, but was unable to find an NBA deal to his liking over the summer, eventually signing with Panathinaikos in September. The following month, the Turkish forward sounded optimistic about returning to the NBA at some point, but his new extension will keep him under contract through 2027. It’s unclear if his deal contains out clauses.
A seven-year NBA veteran, Osman has averaged 7.9 PPG and 2.4 RPG on .444/.379/.812 shooting in 31 EuroLeague games in ’24/25 (18.2 MPG).
Panathinaikos has a stacked roster featuring several other former NBA players and EuroLeague veterans. The team is currently in third place in the league’s standings with a 21-12 record.
Panathinaikos also went 22-0 during the regular season in Greece’s top domestic league, with the playoffs coming up this week.
Kendrick Nunn, a product of Chicago Public Schools & Chicago Mean Streets AAU program is dominating the top European league & making more $ than anybody in league history but America doesn’t produce top basketball talent? Lol that just don’t sound right… link to m.youtube.com
Who? Imagine Steph balling out in Europe, he’d be so good. If I’m Curry I’m only moving to Barcelona though, lol. Weather is awesome, and the shopping is good, keep the Mrs happy.