The Memphis Grizzlies have one less player on its roster, getting the team closer to the NBA limit of 15.
The Greece basketball team Panathanaikos BC released as picture and tweet on July 15th stating in translation, “Nick Calathes returns to Panathinaikos where he will fight for the next 3 years."
The former Grizzlies point is reportedly getting a three year deal worth $7 million.
The former Florida Gator played in Greece and Russia and was a European All-Star before coming to the Grizzlies two years ago.
The Grizz made him a qualifying offer of roughly $1.1 Million for one year.
A better than average defender at 6'6", Calathes averaged 4.2 points, and 2.5 assists as the third point guard behind Mike Conley and Beno Udrih.
The Grizzlies will have Calathes' rights if he returns to the NBA.
His departure opens the door for second year pro Russ Smith to take over the Grizzlies third point guard spot.
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