Chris Singleton has turned down a new offer from Panathinaikos, leaving his future with the Greek giants in doubt.
Singleton, who averaged 12 points, 5.9 rebounds a game, shooting a solid 54.1 percent from the floor in the EuroLeague led Panathinaikos to the Playoffs last season, where they lost out to Fenerbahce.
In a bid to retain some of their stars from the last campaign, Panathinaikos put their offer to Singleton forward by offering a reported* €1.6 million per year and also a 20 percent cut of his new buyout sum, which is $2 million), in case a club acquired him.
Singleton has currently finished his one-year deal with Panathinaikos but the club have a possible option for a second year, if the American chooses to accept.
However, Singleton has turned down the offer, informing Panathinaikos that he believes that he can find a much more lucrative contract as he is a free agent.
There is always the possibility that he’ll look to see if an NBA team is interested as well.
The deadline of the NBA opt-out clause of his current contract with Panathinaikos is July 20.
*Source of figure from Eurohoops.