As we had reported a few days ago, the former Euroleague champions were in the look to strengthen their squad and were in talks with NBA veteran Jason Kapono. Last night the club confirmed that the two sides have reached an agreement.

After Panathinaikos win over Real Madrid last night, the club’s vice-president Manos Papadopoulos stated:

“We do what we can, it’s a difficult time for Greece. Ideally we would sign James, Bryant instead, and even Fotsis and Pekovic at 4 and 5. We can not afford such players anymore. […] Changes are inevitable, but we have added another player, Jason Kapono, whom we expect in Athens in two days, to help us achieve our targets.”

Kapono has played for six different NBA teams with LA Lakers being the most recent one. Having scored 457 threepointers with an average 3FG% of 43% over a period of 9 seasons in NBA, he is expected to provide solutions to Panathinaikos’ poor shooting from behind the arc.


The teams is also expected to pass Marcus Banks form medicals. If successful, he will be signed by Panathinaikos too and join his former 2009 Toronto Raptors teammates Kapono and Ukic.

Hilton Armstrong will be the first to be dropped from Panathinaikos squad, and possibly Derwin Kitchen since The Greens have now seven foreigners whereas they can only register six of them in the Greek A1.