​Cedi Osman is nearing a move to PAOK after Panathinaikos agreed to a buyout, with Eurohoops reporting that the transfer could be completed in the near term. The former Cleveland Cavaliers and San Antonio Spurs forward made his return to Europe in 2024 and quickly established himself as a pivotal figure for Panathinaikos, establishing himself as a core component of the Greek giant during his time with the club. According to the sourcing, Panathinaikos will receive a €2 million buyout as part of the deal, enabling Osman to pursue a fresh challenge with PAOK. In what would be a landmark arrangement, Osman is anticipated to sign a contract at the EuroCup level that would set a new standard, worth €9 million net over the next three seasons. This potential move signifies a notable shift in Osman’s career trajectory and reflects the ongoing dynamic market for European players who have demonstrated their value on the continent.
The development comes after a period of strong performances by Osman since his return to European competition. He quickly became a trusted contributor for Panathinaikos, contributing in scoring, playmaking, and leadership as the team pursued domestic and European success. His adaptability and experience in the NBA landscape have allowed him to influence games at both ends of the floor, making him a valuable asset for Panathinaikos as they sought to leverage his skill set to maintain their standing as one of Greece’s premier basketball clubs.
If the deal with PAOK comes to fruition, Osman would be transitioning to a club with its own storied history and a passionate fan base. PAOK, known for its competitive spirit and robust support, could benefit from Osman’s versatility and experience as they aim to challenge for top honors in the Greek league and in European competition. For Osman, the move would present an opportunity to embrace a new role within PAOK’s system, potentially taking on added responsibilities as a veteran presence and a go-to option in critical moments.
The €2 million buyout paid by PAOK to Panathinaikos would represent the financial mechanics of the deal, allowing the transfer to proceed within the framework of European basketball negotiations. The more eye-catching element, however, is the proposed contract that Osman is expected to sign, which, if approved, would set a new benchmark for EuroCup-level compensation. A €9 million net deal over three seasons would position Osman among the higher earners at this tier of competition, underscoring his value and the confidence that PAOK reportedly has in his abilities to impact their squad.
As negotiations progress, both clubs are likely weighing a variety of considerations beyond the immediate financial terms. Athletic fit, tactical alignment, locker room dynamics, and the potential impact on their domestic campaigns will all factor into the final decision. For Panathinaikos, agreeing to the buyout offers a clean exit that preserves financial flexibility and potentially clears the way for other roster moves. For PAOK, securing Osman would bolster their backcourt and forward options, providing a proven scorer and playmaker who can create offense for himself and teammates, while also contributing leadership and experience on and off the court.
Fans and observers will be watching the situation closely in the coming days, as a finalized agreement would mark a notable development in the European basketball landscape. Osman’s track record of success at the highest levels of competition, combined with his demonstrated ability to adapt to European basketball after stints in the NBA, makes this a high-profile transfer that could influence how clubs value and negotiate for veteran talent in the EuroCup environment.
In summary, with Panathinaikos accepting a buyout of €2 million and Osman potentially signing a groundbreaking €9 million net three-year contract at the EuroCup level, the basketball world is abuzz about a move that could reshape Osman’s career and have ripple effects across Greek and European competition. As negotiations move toward a final resolution, stakeholders will await official confirmation regarding the completion of the transfer and the terms of Osman’s forthcoming contract with PAOK, which would mark a significant chapter in his professional journey.