Source: BroBible
Summary
Panathinaikos owner Dimitrios Giannakopoulos attempted to buy out the final year of Nikola Jokic’s contract with the Denver Nuggets, but was rejected. Giannakopoulos made a serious proposal, but the Nuggets responded quickly, essentially saying “Greece? Absolutely not.” Jokic has two seasons remaining on his contract, with a player option for 2027-28. Giannakopoulos plans to try again in 2027, when Jokic can become a free agent.
Our Reading
The habit gets a new name.
Panathinaikos thinks it can buy its way into the NBA’s top tier. Giannakopoulos’ confidence is admirable, but delusional. The Nuggets didn’t even consider the offer. Jokic’s contract is worth $121,874,816, not exactly a European club’s typical buyout amount. Giannakopoulos will try again in 2027, but it’s still a long shot.
Panathinaikos’ ambition is admirable, but it’s like trying to buy a unicorn.
Author: Evan Null
