HoopsHype Kostas Papanikolaou rumors

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

Houston Rockets are ready to initiate negotiations in order to sign Kostas Papanikolaou, however the side of the player is waiting for the official offer of the NBA franshise which is not yet on the table. According to Eurohoops sources close to the situation, in the next few hours a meeting for this matter will take place between the management of the team and agent Marc Cornstein who is representing the Greek player in the States. EuroHoops.net

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