JULY 13: The signing of Vezenkov is now official, per the NBA’s transactions log.
Reports over the past couple months have indicated that Sacramento was determined to bring Vezenkov stateside and would renew contract talks with the European star once they were permitted to following the draft. Harry Stavrou of Greek outlet Sport24.gr reported last week that the Kings offered the European star a contract for “slightly lower” than the $8.4MM Keegan Murray will make in 2023/24, and that figure turned out to be accurate.
Given his reported salary, Vezenkov will either be receiving part of the Kings’ full mid-level exception if they operate as an over-the-cap team, or he could receive most of their room exception if they choose to use cap room. Both options are on the table based on their previous moves this offseason.
Vezenkov, 27, is under contract with Olympiacos through ’24/25, but has a buyout clause believed to be worth approximately 1.5 million Euros. He talked about being “ready for new challenges” after his Greek club lost in the EuroLeague final.
The 6’9″ Bulgarian forward averaged 17.6 points, 7.0 rebounds and 1.9 assists on a sparkling .546/.398/.857 shooting slash line in 33 EuroLeague games this past season (28.7 MPG). Wojnarowski says (via Twitter) the former second-round pick is expected to have a “formidable role” for Sacramento.