Tag:Olympiacos
Posted on: January 23, 2009 5:08 pm
 

Pargo on the move, not Marbury

Jannero Pargo's agent said Friday he's in discussions with Greek power Olympiacos and three NBA teams, with a resolution expected within the next 24-48 hours.

Mark Bartelstein, Pargo's Chicago-based agent, declined to name the NBA teams pursuing Pargo, but it is known that the Knicks have been interested in attempting to pry him out of his one-year contract with Dynamo Moscow. Pargo's contract provides an opt-out clause under certain conditions, one of which is a desire on Pargo's part to return to the NBA.

Olympiacos is seeking a replacement for injured former NBA player Josh Childress, who returned to the states for surgery on a sports hernia. The high-profile Top 16 phase of the Euroleague season begins Jan. 29, and players must be on the roster by Tuesday to be eligible.

This is why some NBA front office officials and agents were confused by reports that Olympiacos was pursuing Stephon Marbury, who has been banished from the Knicks. There was not enough time for Marbury to agree to a contract buyout with New York -- talks about which have been hopelessly deadlocked for months -- and clear waivers by Tuesday.

Olympiacos' interest in Pargo makes much more sense. He faces no such collective bargaining restrictions and is actually playing competitive basketball at the moment. Other than a few preseason appearances with the Knicks, Marbury hasn't played competitively since January 2008.

It is difficult to say, but worth wondering, whether Olympiacos' interest in Marbury was another ruse. In December, Marbury was approached by two phonies posing as Swiss bankers who told Marbury they were recruiting him for a contract with Real Madrid. No word on whether they tried to sell the Coney Island native the Brooklyn Bridge while they were at it.   

 

 

Posted on: January 22, 2009 10:28 am
 

Marbury to Greece?

A few weeks ago, Stephon Marbury predicted people would be shocked to learn the team he'd be joining once the Knicks cut him loose this season. For once, something other than B.S. may have passed through Marbury's lips.

With Josh Childress out following sports hernia surgery, Greek power Olympiacos is in the market for a marginal NBA player to boost its chances in the Top 16 phase of Euroleague play, which begins Jan. 29. Marbury could be that player.

Before he can sign with any team -- Greek or otherwise -- Marbury will need a big fat Greek buyout from the Knicks. There has been "no movement" on that front, a person directly involved in the discussions told CBSSports.com.

Marbury is reported to have put his offer of a $1 million giveback on his $20.8 million contract for this season back on the table. The Knicks are believed to be pushing to pay Marbury $3 million-$5 million less. Perhaps interest from across the ocean could be the impetus for Marbury to budge -- especially considering the kind of cash Olympiacos could be offering. Like Childress, who signed a three-year, $20 million deal, Marbury would be able to make more after taxes in Greece than the $1.2 million veteran's minimum he'd commmand as an NBA free agent.

The move actually would be good for Marbury. Rather than immerse himself in a playoff race after not playing a single regular season minute in 12 months, Marbury could get his mind and game back in relative anonymity. He's previously expressed a strong desire to play overseas once his NBA playing days were over.

 

 

 

 

 

 

 
 
 
 
The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com