FIBA oblige Olympiacos to pay Papaloukas €1.75M

Theo Papaloukas won a FIBA BAT against Olympiacos who owes him now €1.75M, according to Pamesports.

Papaloukas filed a lawsuit against the Reds about his third year with the team (2010-11) and won the case.

The two parts have been already informed by FIBA and Olympiacos approached Papaloukas making him a proposal.

The Greek PG turned it down.

The Euroleague Champions may make an appeal to CAS in Lausanne but there is a high risk to lose again.