Spanoulis inks new 3-year deal with Olympiacos

Reigning Euroleague champions Olympiacos have reportedly agreed a new three-year deal to keep Vassilis Spanoulis at the club.

Though a deal hasn’t been confirmed and a statement hasn’t been released, several Greek media outlets have reported that Spanoulis met with the Aggelopoulos brothers and was said to have agreed terms.

Reports are that the deal is for three years and is worth approximately €2million a season, after taxes.

“We had a very good talk, we haven’t finalised every detail yet, but I believe that everything will have a happy end,” Spanoulis said following the meeting.

Moments after Spanoulis collected his MVP award at the Euroleague Final Four in London, there were murmurs floating around that the 30-year-old was linked for a move to CSKA Moscow, a team that Olympiacos had defeated in the semi-finals.

Shortly after that, several rumours were going round that Spanoulis was in Barcelona to discuss a possible move to the Catalan side. Spanoulis though decided not to talk to any other team until he spoke with his current club first. The thought of a possible Euroleague three-peat was appealing enough and with the majority of the squad form last season staying, the guard was swayed.

The former Panathinaikos player averaged 14 points and shot a solid 33 percent from three-point territory last season as Olympiacos completed back-to-back Euroleague titles at the O2 Arena, a feat that seemed extremely unlikely when they surprised everyone by beating red hot favourites CSKA Moscow in the 2012 final in Istanbul.

It was a different story, domestically for Spanoulis and Olympiacos as despite only losing one game all season, they lost their grip of the Greek A1 league, they were sweeped 3-0 to bitter rivals Panathinaikos in the finals. Spanoulis averaged 11 points a game in 24 minutes on court.

The Euroleague holders have been drawn in Group C as they look to complete an incredible hat trick of titles. They will face off against Montepaschi Siena, Unicaja Malaga, Galatasaray and newcomers, Stelmet Zielona Gora of Poland and Germany’s Bayern Munich.