Yogi Ferrell has signed with Panathinaikos with Greece, the team announced (via Twitter). There was a report of negotiations two weeks ago, but it took time to finalize a deal as Ferrell was hoping to land another NBA opportunity.
The deal is a lucrative one-year contract, a source told Hoops Rumors’ JD Shaw (Twitter link). It also contains an NBA out.
The 28-year-old point guard was waived by the Clippers last month after spending the last five years in the NBA. He came to L.A. on a 10-day contract in April and signed with the team for the remainder of the season, averaging 4.6 points and 2.1 points off the bench in eight games. He had a non-guaranteed $1.98MM salary for 2021/22 before the Clippers cut him loose.
Ferrell also played two games for the Cavaliers in January and was in the G League with the Salt Lake City Stars.
This will be Ferrell’s first experience in the EuroLeague, notes Antonis Stroggylakis of EuroHoops, who adds that the guard’s contract will run through the rest of the season. Ferrell began exploring his options in Europe earlier this summer in case he didn’t get invited to an NBA training camp, according to Stroggylakis, who notes that Panathinaikos is a traditional league power, but could use backcourt help.