HoopsHype Kostas Papanikolaou rumors

May 1, 2013 Updates

News out of Europe today that Kostas Papanikolaou, whose rights the Trail Blazers acquired in the deal that sent Raymond Felton and Kurt Thomas to the Knicks, has been named the Euroleague's Rising Star Trophy winner for the 2012-13 season. The award goes every year to the best player under the age of 22 competing on a Euroleague team. Papanikolaou narrowly beat out Nikola Mirotic, the 23rd pick in the 2011 Draft, for the award. TrailBlazers.com

April 23, 2013 Updates
March 1, 2013 Updates
September 21, 2012 Updates

Kostas Papanikolaou was picked at no 48 of this year’s draft, but it was the New York Knicks fans reaction after hearing his name that made headlines around the world and provoked many comments! However, until now there wasn’t any comment by the 22 years old forward about that night. Papanikolaou remains a player of Euroleague champion Olympiacos but as he clarified to Eurohoops.net he wants at some point of his career to take the next step and prove that he has a place in the NBA. “To get drafted at the 48th pick by a team like New York was a good experience for me. I was really very happy because it’s a new opportunity for me in my life to try something new. You know, whenever a kid starts to play basketball, his dream it to play in the NBA. So I would love one day to be there, become a part of the NBA and to work it out, to make it happen let’s say”. EuroHoops.net

How did he experienced the Knicks fans’s reaction? He was in Brazil with the rest of the Greek national team and just minutes before being picked he was joking with his teammates and predicted that New York would picked him at no. 48. But a little later the joke was on him. “For the fans and all that they did on my pick…they didn’t like it when the Knicks actually picked me. I don’t have any problem with that, because they don’t really know me, they haven’t seen me play yet. So it’s didn’t bother me at all. I just want to get there and show to them that I can make it and I can be a part of the NBA”. EuroHoops.net

July 16, 2012 Updates
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June 30, 2012 Updates

Marc Cornstein, the New York-based agent for Greek small forward Kostas Papanikolaou, said he expects his client will play for the Knicks in 2013-14, despite a two-year contract with Olympiacos. “He definitely wants to play in the NBA, it’s a lifelong dream of his,’’ Cornstein told The Post. “He’s playing at the highest level in the Greek League and it’s the next step. He’s anxious to play sooner than later. He wanted the right fit with the right team and the Knicks we would’ve handpicked.’’ New York Post

Papanikolaou has a $1 million buyout in his Greek League contract for that season. The Knicks could pay about $650,000 of the buyout and he would have to foot the rest. Because the NBA minimum is $500,000, it might not be worthwhile financially for Papanikolaou to come over unless the Knicks offered one of their exceptions. It could get complicated. “It’s a manageable buyout,’’ Cornstein countered. New York Post

June 29, 2012 Updates

The Knicks looked to the future Thursday on draft night, selecting Kostas Papanikolaou of Greece with the 48th overall pick. It was a decision that disappointed many fans because Papanikolaou, a 6-foot-8 forward, will probably play overseas for at least two years. New York Times

June 28, 2012 Updates

Iona's Scott Machado, who is from Queens, and Greek small forward Kostas Papanikolaou also could be in the mix. The Knicks could try to acquire another pick to land Papanikolaou, who's considered a good shooter, slasher and defender. But he likely will have to stay in Europe for another year. Newsday

June 27, 2012 Updates

Olympiacos 22 years old forward impressed everyone against Barcelona and CSKA Moscow and drew the attention of many teams as his agent, George Sfairopoulos, says: “After Euroleague’s Final Four and Greek finals several teams increased their interest and many scouts said even that Kostas is perhaps the best eligible international player this year”. Indeed, a lot of teams have asked to see him personally, to participate in work outs and do medical tests. Due to the preparation of Greek National team, this was impossible, but Papanikolaou went to Eurocamp in Treviso for one day, Sunday 10th of June and met with representatives of various teams (Memphis Grizzlies, San Antonio Spurs, Cleveland Cavaliers, Miami Heat, Philadelphia Sixers, Milwaukee Bucks, Brooklyn Nets, Detroit Pistons, Toronto Raptors, Minnesota Timberwolves and Houston Rockets) for personal interviews. EuroHoops.net

Only three players Greeks have been selected in the top 30 draft picks (at No23 Efthimis Rentzias in 1996 and Kostas Koufos in 2008 and No25 Iakovos Tsakalidis in 2000). However, Papanikolaou’s Greek representative, George Sfairopoulos in collaboration with his U.S. partner, Marc Cornstein of Pinnacle management predict that the 22 years old forward can also be selected even in the first round. “According to our contacts with the teams, we are waiting to be selected either at the end of the first round or at the first picks of the second”, says Sfairopoulos explaining that “everything will depend on which team will want to choose him this year and have him after next season, but also on how the situation will be after the trades”. His contract with Olympiacos doesn’t include an NBA buy out until the summer of 2013. EuroHoops.net

June 10, 2012 Updates

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