Calathes Drafted in 2nd-Round
Point guard Nick Calathes was the 45th overall pick in the NBA draft Thursday night by the Minnesota Timberwolves in the second round. The former Gator is currently under a contract to play with reigning Euroleague Basketball champion Panathinaikos. It's a two-year contract with an option for a third year that could pay him up to $2 million a season with incentives, but the Wolves now own the draft rights to Calathes.
Calathes could go to Greece, or Minnesota could pay a $500,000 buyout in his contract that would free him up to play in the NBA. Most likely, however, Calathes will play at least one season in Greece in an effort to boost his value. As a second round pick, Calathes and the Timberwolves are not bound by the NBA's first-round pay scale. Therefore, Calathes could earn great bargaining leverage if he plays well and convinces his NBA rights-holders to offer him more money to return to the U.S.
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