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.