Monday, August 15, 2011

Maccabi to replace Jeremy Pargo

Pargo Says He’s Not Returning; Maccabi: “It’s a breach of contract.”

Jeremy Pargo has announced to the team’s management that he does not intend to report to training camp next month. The club’s response: “This is a breach of the duly signed contract between the player and the club. We take exception to his behavior.”

Maccabi Electra Tel Aviv’s player Jeremy Pargo has informed the team through his agent that he wishes to be released from the two-year contract with the club that he signed just last May; he intends to play instead in the NBA.

Maccabi Electra Tel Aviv has conveyed to the player that in light of the NBA lockout and fact that he does not and will not have a guaranteed contract with any NBA team for the coming season, the announcement by his agent is a violation of the contract between Pargo and Maccabi Electra Tel Aviv.

In spite of that, Pargo has expressed his intention of remaining in the U.S. and awaiting an end to the strike.

Maccabi’s management has conveyed to Pargo and his agent that it takes exception to his behavior and views the player as responsible for any damage caused to Maccabi by his breach of contract. Maccabi intends to take all appropriate action to protect its rights in the matter.

Following the player’s announcement and in reliance thereon, Maccabi Electra Tel Aviv will use any means necessary to strengthen its roster for the coming season.

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