Panathinaikos announced the long awaited transfer of talented young serbian Milenko Tepic(2.02-PG/SG/SF) for the next 3 seasons. The announcement is very simple and appeared today on the official website of Panathinaikos.
The deal is for 3 seasons and the total amount of the contract comes to 2.5 million euros for those 3 seasons, according to the article. The buy-out clause of his contract was 500.000 euros. This money will go to Partizan Belgrade for releasing the player that had a contract for one more season with Partizan. He averaged 9.7 points 3.5 rebounds and 3.3 assists in 19 games in the Euroleague.