Sources tell HoopsHype.com free agent guard Von Wafer signed this afternoon a two-year contract with Olympiakos worth $4.2 million without taxes - approximately $10 million gross. He has an opt-out clause to return to the NBA after the first season.

Wafer, a journeyman who has played with five NBA teams in four years, averaged a career-high 9.8 ppg with the Rockets last season.

Olympiakos signed Lithuanian forward Linas Kleiza earlier in the day for $5 million, also without taxes.