And-Ones: Holmes, Expansion, Project B, More

Panathinaikos has parted ways with former NBA big man Richaun Holmes, the Greek EuroLeague team announced on Tuesday (Twitter link).

After playing in the NBA for 10 seasons from 2015-25, Holmes signed with Panathinaikos last August, agreeing to a one-year deal that included a team option for a second season. The deal reportedly made him one of the highest-paid players in Europe.

Although Holmes got off to a good start in the EuroLeague, he sustained an MCL injury in the midst of his integration period with his new team, notes Johnny Askounis of Eurohoops, and he saw his minutes decline after he returned to action. The 32-year-old averaged 7.9 points and 4.3 rebounds in 18.7 minutes per game across 19 EuroLeague appearances.

Holmes played in 489 regular season games during his decade in the NBA, but was forced to accept a lesser role as he bounced around the league in his last few years after being Sacramento’s primary starting center from 2019-22.

Here are more odds and ends from around the basketball world:

• Expanding to 32 teams and establishing a European league could net NBA owners $20 billion or more, according to Kurt Badenhausen and Eben Novy-Williams of Sportico, who conservatively estimate $15 billion in expansion fees for new franchises in Las Vegas and Seattle and another $5 billion in fees for NBA Europe teams. As Badenhausen and Novy-Williams point out, expansion money isn’t shared with players, since it falls outside of basketball-related income, which means each team owner is likely looking at $650MM or more if the NBA expands both domestically and into Europe.
• Joe Vardon and Mike Vorkunov of The Athletic provide the latest details on the emerging global basketball league known as Project B, which is working with European super-agent Misko Raznatovic and counts LeBron James‘ longtime friend and business partner Maverick Carter as an adviser. Project B has reached deals with several women’s basketball players and is looking to establish a foothold in men’s basketball as well, per Vardon and Vorkunov, who say the league will aim to bring in current and former NBA players, as well as top young prospects from outside the NBA for its developmental program.
• ESPN’s Zach Kram ranks the NBA’s best and worst 10 transactions since last summer. The Hornets‘ selection of Kon Knueppel at No. 4 in the draft tops Kram’s list of the best moves, while the Bucks waiving and stretching Damian Lillard in order to sign Myles Turner headlines his list of the worst moves.