Theo Papaloukas on his way out of CSKA Moscow?

Theodoros PapaloukasGreek star point guard Theodoros Papaloukas could be leaving CSKA Moscow this summer. The best paid player in the history European basketball with 10.5 million Euros for three years spent six seasons in Moscow. He won Euroleague twice and was named MVP in 2006-2007 season.

Papaloukas attracted the interest of many NBA clubs last summer but he stayed in Moscow. The new contract offer was too good to refuse.

The favourite to sign Theo Papaloukas is his former club Greek giants Olympiakos. According to El Mundo Deportive The Reds are willing to offer him the same contract as he has with CSKA Moscow.