Tepic already signed with Panathinaikos?

According to greek portal sport-fm.gr, Milenko Tepic (2.02-PG/SG/SF) has already signed his contract with 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.

Tepic found out from his agent yesterday that Panathinaikos faxed the contracts and he proceded to signing them. The article also says that Tepic had another offer from CSKA Moscow but he decided to turn it down. He will find in Panathinaikos former teammate, Nikola Pekovic (2.10-C) that signed with Panathinaikos last summer. He averaged 9.7 points 3.5 rebounds and 3.3 assists in 19 games in the Euroleague.