Monday, July 4, 2011

Olympiacos to let Teodosic go

Ivkovic's favourite is on his way to Russia.

According to, Olympiacos will not be matching CSKA's offer of 1.9 million euros(with the buy-out clause of 100,000 euros after one season) per season for 3 seasons and so they replied in writing to CSKA that they will release Milos Teodosic(1.95-PG). Olympiacos will be receiving the buy-out money of 1.3 million euros from CSKA.

Teodosic would have earned 800,000 euros this season based on his contract if no other team had made an offer. It might seem that Olympiacos have lost a big asset but on the other hand Teodosic didn't live up to the expectations of fans and administration alike. However he did average 10.9 points 2.7 rebounds and 3.6 assists in 18 games in the Euroleague and also 9.6 points 1.8 rebounds and 4.7 assisst in 29 games in the Greek A1 league.

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