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Αrmstrong stays in Europe for Panathinaikos

Αrmstrong stays in Europe for Panathinaikos

By Aris Barkas/ barkas@eurohoops.net

Hilton Armstrong worked out for Brooklyn Nets, but he decided to stay one more season in Europe, playing in the continent’s biggest stage. After a year at French club ASVEL he will be on the roster of rebuilding Greek and Euroleague powerhouse Panathinaikos.

The announcement was made by the player himself via twitter, however for the past two days his name was on the front page of “Prasini” newspaper, owned by Dimitris Giannakopoulos who is also the owner of Panathinaikos. Coach Argiris Pedoulakis was the one who selected Armstrong from a list of many candidates and also his salary was in the range of what the Greens wanted to spend.

According to Eurohoops.net sources, Armstrong will be paid 450.000 US dollars net and PAO, as it is customary in Europe, will take care of the taxes, meaning that the final cost of his contract will be almost the double. Players like Lou Amundson and Anthony Tolliver, who were also on the radar of the team, wanted an annual salary of one million dollars net.

An official announcement from the club is expected and also some more moves in the front line. Panathinaikos needs one more big and the name of another former NBA player, Stephan Lasme, is again on the forefront.