[REVISION HISTORY]

Panathinaikos signs Francisco amid French club turmoil

Updated 5 times since CLSTR started tracking revisions of this situation.

What changed

2026-07-30 09:42 UTC → 2026-07-30 13:09 UTC · added ~~removed~~

Sylvain Francisco’s three‑year, €10‑11 million contract with Panathinaikos was sealed on 28 July 2026 after the Greek club paid a €1 million buyout to resolve ASVEL’s budget crisis. The deal, which retains the NBA‑release clause, gives the point guard an annual salary of about €3.5 million. Francisco arrived ~~in turn~~ at Athens Eleftherios Venizelos airport just after midnight on 30 July 2026, underwent a brief medical examination and is set to formalise his contract shortly. His EuroLeague résumé includes averages of 16.5 points, 2.9 rebounds and 6.5 assists over 42 games in the 2025‑26 season, making him a marquee addition for Zeljko Obradović’s roster. The transfer was prompted by ASVEL’s drastic budget cut, which forced the French club to accept Panathinaikos’ offer of just over €3 ~~million—well~~ million—far below the €5 million ~~price~~ originally projected. The ~~move is being hailed as one of~~ signing pushes Panathinaikos’ projected 2026‑27 budget beyond €60 million, the ~~most significant summer acquisitions~~ highest financial outlay in ~~EuroLeague basketball this year.~~ the club’s history, and was reportedly driven by Francisco’s strong preference to join the Greek champions.

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