Center Nan Stays with Panathinaikos Until 2028 Without NBA Out Clause in New Contract

Center Nan will remain a player with Panathinaikos until 2028, as the ‘greens’ agreed to extend their collaboration with the American superstar without an NBA out clause. The desire of Panathinaikos fans for Nan’s continued presence has become a reality! The 29-year-old will continue to reside at OAKA for the next triennium, signing a new contract with the team with whom he has already won 1 Euroleague championship, 1 Greek league title, and 1 Cup. Indeed, Nan’s new contract does not include an NBA out clause, meaning there will be no possibility for an NBA team to make an offer that would take him away from Panathinaikos. This is excellent news, as it curbs the interest of several teams from the top basketball league globally who wanted to acquire the charismatic scorer. It’s worth noting that Nan will be compensated with $4.5 million annually, making the total renewal cost exceed $12 million, thus making him one of the highest-paid players in Euroleague history! Nan had a contract with Panathinaikos until 2026, but now he has extended his partnership with the team, with the most significant aspect being the absence of the NBA out clause—news that brings joy to the coach, teammates, and the entire Panathinaikos community.