Panathinaikos and Olympiacos to receive additional €1 million / News - Basketnews.com

Panathinaikos and Olympiacos will receive €4.8 million per season from NOVA's contract to broadcast the EuroLeague in Greece, a €1 million increase from the sum the two clubs are currently getting.

Credit: Olympiacos BC; Panathinaikos BC Credit Olympiacos BC; Panathinaikos BC

The two Greek clubs in the EuroLeague are set to receive a significant amount of additional money next season.

Points this season

44%79,4Points made:79,4Accuracy:43,8%Place in standings:12Record max:98Record min:64Best scorer:Dwayne BaconTeamEuroLeagueStatisticsSchedule

The official EuroLeague broadcaster in Greece - NOVA - has extended its contract with the league and will continue showing the strongest European basketball league to its subscribers.

According to Sport24.gr, the corporation is set to pay the league €15 million per season. Panathinaikos Athens and Olympiacos Piraeus will each receive €4.8 million per season from the contract, a €1 million increase from the current amount the clubs receive.

NOVA and EuroLeague signed a 3-year deal with the ability to extend it for two more years.

With 18 wins and 7 losses, Olympiacos are currently first in the EuroLeague standings. Panathinaikos, meanwhile, are in the bottom half of the table, sharing the 16th spot with LDLC ASVEL Villeurbanne.

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