Sources tell HoopsHype.com free agent guard Von Wafer signed this afternoon a two-year contract with Olympiakos worth $4.2 million without taxes – approximately $10 million gross. He has an opt-out clause to return to the NBA after the first season.
Wafer, a journeyman who has played with five NBA teams in four years, averaged a career-high 9.8 ppg with the Rockets last season.
Olympiakos signed Lithuanian forward Linas Kleiza earlier in the day for $5 million, also without taxes.
Mike Dunleavy met with Wafer last week, but there was little talk of Wafer actually becoming a Clipper. Wafer will leave the NBA this year and will team up with Clippers 2003 second round draft choice Schortsanitis Sofoklis. Olympiakos reportedly courted Allen Iverson earlier this offseason, but the Wafer signing will effectively end the pursuit. There is a newly imposed limit of 3 american players for each Greek A1 club, and Wafer will serve as the team’s third american. The other two american players are former Atlanta Hawks forward Josh Childress and former Washington State standout Thomas Kelati.
With Olympiakos out of the running for his services, Allen Iverson may seriously begin to consdier lowering his asking price. In return, some general managers may begin considering Iverson as long as the monetary risk decreases. At what dollar amount (if any) does the potential reward of bringing in Iverson outweigh the risk?