February 17: The signing is official, according to Johnny Askounis of Eurohoops.
February 11: Theis has committed to sign with AS Monaco and is finalizing an agreement with the team, reports Donatas Urbonas of BasketNews.com.
According to Urbonas, Theis drew interest from NBA teams and received a more lucrative offer from Panathinaikos, but the big man is seeking a situation in which he can play a significant role.
If Theis ends up signing a multiyear contract, it will likely include an NBA opt-out clause, Urbonas adds.
February 9: Daniel Theis is considering a return to the EuroLeague after being waived by the Thunder this week, and AS Monaco appears to be the favorite to sign him, according to Greek outlet SDNA.
Theis, who joined the Pelicans as a free agent during the offseason, was traded to Oklahoma City at Thursday’s deadline along with a 2031 second-round draft pick. Unloading his minimum-salary contract enabled New Orleans to move beneath the luxury tax threshold.
Theis has cleared waivers and is free to sign with any NBA team, but there may not be an offer available for the 32-year-old big man. He played for four EuroLeague teams before coming to the NBA in 2017, and a return to Europe may be his best option.
SDNA reports that Monaco “has taken a big lead” in the competition for Theis due in part to his familiarity with its personnel. He worked with assistant coach Ilias Kantzouris for three seasons at Brose Bamberg from 2014-17.
Panathinaikos has also expressed an interest in Theis and is reportedly willing to outbid Monaco, according to SDNA. However, money may not be the primary factor as Theis considers his next move.
Theis has played for six teams during his eight NBA seasons, starting with Boston, which signed him in 2017. He was traded to Chicago at the 2021 deadline and then to Houston later that year. He also had brief stints with Indiana and the Clippers before coming to New Orleans.
He has appeared in 411 total NBA games, making 160 starts and averaging 7.1 points and 4.7 rebounds per night.
Theis is also a prominent name in international basketball, serving as the starting center on the undefeated German team that won the World Cup in 2023.