As expected, free agent center Richaun Holmes has officially signed a two-year contract with Panathinaikos, the 2024 EuroLeague champions announced today (Instagram link).
According to the Greek club, Holmes’ deal features an option in year two, meaning he could become a free agent again in 2026. He will reportedly be one of the highest-paid players in Europe.
Holmes arrived in Athens on Friday night and was thrilled to be greeted by an enthusiastic crowd of Panathinaikos supporters, writes Apostolos Mavrakis of Sportal.gr (hat tip to Sportando).
“I came here to win. I’m where I want to be, ready to play and to fight for victories,” Holmes said. “This is incredible — I can’t put it into words. I’ve never experienced anything like this in my life … the love was instant. I can’t wait to get on the court and give it back.”
When asked what convinced him to sign with Panathinaikos, the 31-year-old big man said it felt good to be wanted.
“I think just how they came, how they pursued me, they wanted me,” Holmes said. “They sold me on the idea of the importance that they needed me here, they wanted me here, and that was everything to me. I just wanted to be pursued, wanted to be wanted.
“I came here to do some great things. This is a powerhouse club and I’m looking to add to that and be a part of it. I’m just glad to be a part of this legacy, honestly.”
Holmes was the 37th overall pick in the 2015 draft out of Bowling Green and has spent the past decade in the NBA, suiting up for five different teams during that time. He had his best years in Sacramento, where he was the Kings’ full-time starting center and put up 14.2 points, 8.3 rebounds, and 1.6 blocks per game across 61 outings in 2020/21.
After becoming an unrestricted free agent, Holmes drew interest from a handful of EuroLeague clubs, including Fenerbahce in Turkey. A report last weekend stated he was mulling an offer from Panathinaikos while waiting to see if he’d be offered a guaranteed NBA contract — evidently he didn’t find an NBA deal to his liking.
Holmes will be looking to help lead Panathinaikos to a title or two in 2025/26 after the club fell just short this past season. The Greens went 22-0 during Greece’s regular season before losing to Olympiacos in the final. In the EuroLeague, Panathinaikos finished third with a 22-12 record but was defeated by Fenerbahce – the eventual champions – in the semifinals.
Holmes will be Panathinaikos’ final offseason signing, according to owner Dimitris Giannakopoulos (story via Aris Barkas of Eurohoops).