Nick Calathes agreed to a 3-year $7 million deal with Panathinaikos

Nick Calathes has agreed to a three-year $7 million deal to come back to Panathinaikos, source told Sportando. The player is going to come back to Greece after a period spent in NBA with Memphis Grizzlies.

Calathes turned down the $1.41 million qualifying offer and waited for an offer from NBA, but this offer never came. He opted to come back to his former team.

Last season with the Memphis Grizzlies he averaged 4.1 points, 1.8 rebounds and 2.1 assists per game. The official announcement is expected for tomorrow.