Overview

• Holmes has agreed to a two-year contract pending final signature that will place him among Europe’s highest-paid players
• The veteran center was waived by the Washington Wizards after his second-year salary of $13.3 million remained mostly non-guaranteed
• The 31-year-old brings a decade of NBA experience, highlighted by his 14.2 points, 8.3 rebounds and 1.6 blocks average as Sacramento’s starting center in 2020-21
• Panathinaikos initially pursued Jonas Valančiūnas in July but pivoted to Holmes to strengthen its frontcourt after falling short in Greece’s finals and in the EuroLeague semifinals last season
• The move underscores growing EuroLeague competition for veteran NBA talent as top clubs offer lucrative, guaranteed contracts to bolster their rosters