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Sasha Vezenkov returns to Greece after just one year in the NBA

Sasha Vezenkov is officially a member of Olympiacos again signing a five-year deal that will pay him a total of 18,5M euros net, making him the second highest-paid player in the history of Olympiacos after Josh Childress. Olympiacos has offered Vezenkov one of the biggest contracts ever in European basketball history, both on salary and duration which translates to 3,7M annual salary.
Source: EuroHoops.net

What’s the buzz on Twitter?

Emiliano Carchia @Sportando
Not only Sasha Vezenkov: 10 move that rocked the EuroLeague summer sportando.basketball/en/not-only-sa…4:26 AM
BasketNews @BasketNews_com
Olympiacos are shaking up the EuroLeague with these off-season signings 😎✍
🇧🇬 Sasha Vezenkov
🇺🇸 Keenan Evans
🇦🇷 Luca Vildoza
🇬🇷 Tyler Dorsey pic.twitter.com/4c44DsNNBK3:29 AM

Eurohoops @Eurohoopsnet
With a record 18,5M euros net deal for the next five years, Sasha Vezenkov is back to Olympiacos
eurohoops.net/en/euroleague/…3:13 AM
Eurohoops @Eurohoopsnet
OFFICIAL: Sasha Vezenkov is BACK pic.twitter.com/IacbHQUUwb3:02 AM

Dionysis Aravantinos @AravantinosDA
OFFICIAL: Sasha Vezenkov has signed a multi-year deal with Olympiacos. – 2:59 AM
Emiliano Carchia @Sportando
Sasha Vezenkov to sign with Olympiacos soon sportando.basketball/en/sasha-vezen…1:28 AM
Evan Sidery @esidery
The Raptors officially reached a buyout agreement with Sasha Vezenkov.
The 2023 EuroLeague MVP is relinquishing his entire $6.6 million salary in order to return overseas to Olympiacos. pic.twitter.com/jQKEjfFRfZ4:19 PM

Michael Grange @michaelgrange
Sasha Vezenkov really wanted to return to Europe. He gave up all $6.9m he was owed this season and has been waived by the Raptors. Raptors have also waived Javon Freeman-Liberty who was on a non-guaranteed deal for next season. – 3:59 PM
Emiliano Carchia @Sportando
Toronto Raptors release Sasha Vezenkov: he will return to Olympiacos @Sportando sportando.basketball/en/toronto-rap…3:45 PM
Ryan Wolstat @WolstatSun
Wow, Sasha Vezenkov and Javon Freeman-Liberty waived by Raptors. @BlakeMurphyODC reports Vezenkov agreed to give up his entire contract to head to Greece. Big win by Raptors after an already great deal with Kings. – 3:29 PM
Dionysis Aravantinos @AravantinosDA
BREAKING: The Toronto Raptors have waived Sasha Vezenkov, per multiple reports.
Vezenkov will now sign a multi-year deal with Olympiacos. – 3:23 PM
Eurohoops @Eurohoopsnet
BREAKING: The Toronto Raptors waive Sasha Vezenkov
The former EuroLeague MVP is expected to return to Olympiacos
eurohoops.net/en/nba-news/16…3:23 PM
Marc Stein @TheSteinLine
The Raptors say they have waived Sasha Vezenkov, clearing Vezenkov — who was acquired recently from Sacramento — to return to Europe after just one NBA season.
More NBA from me: marcstein.substack.com3:15 PM
Josh Lewenberg @JLew1050
The Raptors have waived Sasha Vezenkov & Javon Freeman-Liberty, the team says. Multiple reports had Vezenkov bound for Greece since he was acquired from SAC, so a buyout of some kind seemed inevitable. JFL only had a partial guarantee this season and it was due to go up this week – 3:14 PM
Aaron Rose @AaronBenRose
The Raptors have waived Sasha Vezenkov and Javon Freeman-Liberty – 3:10 PM

More on this storyline

An agreement exists between the NBA and FIBA that governs the movement of players back and forth, and so Sacramento had to wait until he was a free agent overseas and had an interest in coming to the NBA. To lure him over, they guaranteed him $13 million, with a team option for 2025-26. A guaranteed contract works both ways. Vezenkov did not have a player option for 2024-25, and so when reports surfaced that he wanted to return overseas, he couldn’t just leave; the NBA-FIBA agreement wouldn’t allow him to break a contract with his NBA team. -via SportsNet / July 23, 2024
Blake Murphy: Raptors now have 1 NBA roster spot open, plus 1 more for summer/camp invite/Exhibit 10/etc type. How much space they have under tax is somewhere $4-10M range, depending on Vezenkov buyout and incentives assumptions. -via x.com / July 22, 2024

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