Olympiacos and Kostas Papanikolaou agree on a contract extension / News - Basketnews.com

Papanikolaou signed a new three-year deal with Olympiacos. If he completes his stay, he will have played 10 consecutive years for the franchise.

Credit: Rokas Snarskis Credit Rokas Snarskis

After seven years with Olympiacos Piraeus, Greek forward Kostas Papanikolaou is set to stay in the organization for the foreseeable future.

Kostas Papanikolaou

Position:SFAge:32Height:204 cmWeight:102 kgBirth place:Trikala, GreeceProfileNewsStatistics

The club has announced that the two sides have reached an agreement on a three-year contract extension. If Papanikolaou completes his full deal, he will have reached a decade playing for Olympiacos.

So far in his career, the 32-year-old has played 11 seasons for the franchise. Last season, he averaged 8.7 points, 3.8 rebounds, and 1.9 assists on 44.7% shooting.

In his year with the team, the Greek forward has won the EuroLeague twice (2012, 2013), he also has four Greek League trophies (2012, 2016, 2022, 2023), and four Greek Cups (2010, 2011, 2022, 2023). Papanikaloau is also Olympiacos' all-time EuroLeague leader in steals.

So far this offseason, Olympiacos have signed Nikola Milutinov and Nigel Williams-Goss but parted ways with Kostas Sloukas, while Sasha Vezenkov departed to the NBA.

Olympiacos Piraeus

Position Player Status PG Thomas Walkup Signed until 2027 PG/SG Nigel Williams-Goss (story) Signed until 2025 PG Alexandros Nikolaidis Signed until 2025 PG Iosif Koloveros Signed until 2025 PG/SG Isaiah Canaan (story) Signed until 2024 SG Giannoulis Larentzakis Signed until 2024 PG/SG Michalis Lountzis Signed until 2024 SG/SF Shaquille McKissic Signed until 2025 SG/SF George Papas Signed until 2024 SF Kostas Papanikolaou Signed until 2026 PF Alec Peters(story) Signed until 2024 C Moustapha Fall Signed until 2025 C Nikola Milutinov (story) Signed until 2025 Coach Georgios Bartzokas (signed until 2025) Expired contract Kostas Sloukas (will not return), Tarik Black (will not return) Rumored to leave Sasha Vezenkov (will not return), Joel Bolomboy (will not return) Interested Darius Thompson

More Olympiacos transfer news:

Kostas Sloukas turns down Olympiacos' extension offer, hits free agency Olympiacos release Tarik Black Joel Bolomboy becomes a free agent after one year with Olympiacos Isaiah Canaan and Alec Peters remain in Olympiacos Sasha Vezenkov signs a three-year deal with Sacramento Kings Nigel Williams-Goss returns to Olympiacos Nikola Milutinov officially returns to Olympiacos Like what we are doing? You can express your gratitude here.