JANUARY 27: Nunnally has signed a two-year deal with Pallacanestro Olimpia Milano, according to Sportando.
JANUARY 22, 8:59am: Agent Bill Neff tells Sportando that Milano was one of five teams to make Nunnally an offer before he signed with the Rockets, but the two sides aren’t in agreement on a new deal at this point. Nunnally has not yet decided on his next move, per Neff.
8:45am: After being waived by the Rockets on Monday, veteran swingman James Nunnally is expected to head back overseas, according to Emiliano Carchia of Sportando, who hears from a source that Nunnally will likely sign a two-year contract with Italian club Pallacanestro Olimpia Milano.
Nunnally, initially released by the Timberwolves earlier this month, reportedly turned down EuroLeague offers to join the Rockets on a 10-day contract, with at least one report suggesting that he was “giving up a lot” by opting to remain in the NBA.
However, the 28-year-old had his 10-day deal terminated after just six days when Houston needed to open up a roster spot to sign Kenneth Faried. Given how quickly he reportedly agreed to terms with Milano, it appears that EuroLeague interest in Nunnally didn’t wane over the last week.
For Nunnally, the move overseas will represent a return to the European leagues where he has enjoyed his most professional success. He averaged 18.4 PPG in 30 Italian League games in 2015/16 for Sidigas Avellino before joining Fenerbahce for the next two seasons. Last season, in 29 EuroLeague contests, he shot a sizzling 55.4% on three-pointers, averaging 9.3 PPG for the Turkish squad.
Assuming Nunnally makes his deal with Milano official, it will presumably rule out a return to the NBA this season. It’s not clear if the agreement would include a potential NBA out for the 2019 offseason.