HoopsHype Kostas Papanikolaou rumors

September 19, 2014 Updates

Papanikolaou is expected to sign next week once his buyout makes its way through the FIBA approval process. Drafted by the Knicks in 2012, the Rockets acquired his rights in the space-clearing deal that sent Thomas Robinson to Portland in 2013. He is expected to compete for playing time off the bench, likely at small forward initially (though at 6-9, he could get time in the stretch four role Omri Casspi played last season). But the Rockets cite his room to grow as much as how far he has already come. Houston Chronicle

“Actually, what I was thinking was I didn’t want to be thinking like five years later that I had this opportunity and didn’t do it,” Papanikolaou said. “This was a once in a lifetime opportunity. I didn’t want to miss it. I thought, ‘This is the time.’ I spoke with the GM (Daryl Morey). The coach himself (Kevin McHale) called me. That means a lot to a player. But I just didn’t want to be stupid and lose this opportunity to be here, to live this dream to go to the NBA.” Houston Chronicle

September 17, 2014 Updates
August 11, 2014 Updates

Kostas Papanikolaou officially signed the two-year contract with the Houston Rockets. The Greek forward leaves FC Barcelona after a season and will earn $4.8 million the first year in the NBA and $4.6 million the second year (team option). Sportando

August 9, 2014 Updates
August 8, 2014 Updates
July 17, 2014 Updates

After a two days negotiation, Kostas Papanikolaou decided not to accept the offer of Houston Rockets and he will not make the jump from Barcelona to the NBA. As he recently said to Eurohoops, he was willing to make a financial sacrifice, however the offer of the Rockets just wasn’t enough. The NBA team informed the representatives of the player that the four million US dollars for next two seasons was the best deal they could offer and under those conditions, Papanikolaou will remain in Europe. EuroHoops.net

July 16, 2014 Updates
July 15, 2014 Updates

Emiliano Carchia: Rockets first offer to Kostas Papanikolaou was $4M in two-years. Considering Papanikolaou has to pay part of buyout he turned it down. Rockets will likely make a new proposal to Kostas Papanikolaou who was a $1.5M buyout and he has to pay for it around $900k. Twitter @sportando

Jonathan Feigen: Rockets also in talks with Kostas Papanikolaou. Deal not complete. Waiting for me to be able to correcly spell Papanikolaou without checking Twitter @Jonathan_Feigen

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