Although he has not been officially announced by Panathinaikos, Nick Calathes(1.98-PG/SG/SF) signed his 3 seasons contract this morning. Calathes arrived at the offices of the Panathinaikos administration this morning and after he went through the medical examinations he signed his contract. The official site of Panathinaikos on the other hand hosted a mini interview of Calathes which can be found here.
Calathes will be going back to Florida this Saturday but he will return probably for the preparation for the U-20 or the Men's National Team of Greece. His salary is rumored to be up to 1 million euros per season whereas there is also a rumor of a 1 million euros buy out clause should he choose to move to the NBA.