SEPTEMBER 23RD: The deal is official, the Spanish ACB league announced (on Twitter; translation via Sportando’s Emiliano Carchia). The tweet indicates that it’s a two-year contract, rather than a three-year arrangement as originally reported.
SEPTEMBER 19TH: Former Hawks big man Gustavo Ayon has agreed to sign with Real Madrid, according to Sportando’s Orazio Cauchi (on Twitter). Ayon’s contract will be for three years, which is the deal the two sides initially agreed to before his FC Barcelona buyout got in the way. The agreement was first reported by Spanish language outlet Solobasket.
Ayon actually agreed to a deal with Real Madrid earlier this month but FC Barcelona blocked the pact since they held his European rights. The club insisted on a $376K buyout, but the club said yesterday that Ayon was free to sign wherever he wanted to. It’s still not clear if Ayon wrote the check for the buyout, as he said he was willing to do, or if the club simply reliquished its hold on him.
The Spurs and Shandong of China both made formal offers to Ayon but the Real Madrid deal is presumably more lucrative. Shandong has since moved on as they agreed to sign Miroslav Raduljica earlier today.
Ayon is coming off a three-year, $4.5MM contract he signed with New Orleans shortly after the lockout. He wound up heading to the Magic and Bucks before spending last season with the Hawks, who made him an unrestricted free agent this summer when they declined to tender a qualifying offer.