Richaun Holmes Agrees to Join Panathinaikos on Lucrative EuroLeague Deal
Waived by Washington after declining a largely non-guaranteed option, he will reinforce a Panathinaikos frontcourt reshaped by its failed pursuit of Jonas Valanciunas.
Overview
- Holmes has agreed a contract expected to make him one of the highest-paid players in Europe, pending finalization.
- Washington waived Holmes after he rejected a $13.3 million option for 2025-26 that carried minimal guarantees.
- Panathinaikos pursued Holmes following an unsuccessful bid for Jonas Valanciunas and conversations with free agents like Precious Achiuwa.
- EuroLeague clubs including Fenerbahce showed interest in Holmes once he became an unrestricted free agent, but he chose a leading role in Athens.
- With a decade of NBA experience and a career peak in Sacramento in 2020-21, Holmes aims to propel Panathinaikos to domestic and continental titles.