Exclusive: Valan has verbally agreed to join the Greek giants and is willing to give up all salaries in the Nuggets

July 4th According to League Alerts exclusive report, Jonas Valanciunas will arrive in Athens, Greece tomorrow morning to meet with the Greek giant Panasinakos, and has verbally agreed to join the European club.

Lithuanian center Valanciunas was recently traded by the King to the Nuggets in exchange for Saric. Veteran center Valanciunas, who has 13 years of NBA experience, is eager to "feel his importance" and hopes to push the Nuggets to buy out his contract after this deal.

LeagueAlerts said Valanciunas was willing to give up all his salary in the Nuggets and leave the NBA.

Valanciunas' contract with the Nuggets is worth approximately US$23.4 million (US$10.395 million, US$10 million) in two years, of which the second year is insured. According to MarcStein, the deal won't be finalized until July 7, which is a point to be paid attention to when considering its rumors with European teams.

Valanciunas was initially satisfied with joining the Nuggets and believed it was a good opportunity to contribute to the championship.

And Basketnews reported earlier today that Valanciunas is "close" to accept the offer from Panasinakos. According to Basketnews article, Valanciunas is a three-year contract worth 12 million euros (about 14.1 million US dollars).

In his NBA career, Valanciunas played for the Raptors, Grizzlies and Pelicans, and last season he played with the Wizards and the Kings. In the 2024-25 season, Valanciunas played a total of 81 regular season games for the Wizards and the Kings, averaging 10.4 points and 7.7 rebounds per game.

Panasinakos is considered one of the "powerful teams" of the European basketball league. As a European player, Valanciunas was attracted by the Greek team because they have maintained steady success as strong contenders for the Europa League championship. For reference, Panasinacos has won the Champions League seven times, the most recent in 2024.

If the contract is finally signed, Valanciunas, 33, will undoubtedly play an important role in Panasinakos. The team has several former NBA players, and he will play alongside players such as Nunn, Ottoman, Juan Hernangomez and Jerian Grant to win the chance to win the championship.

As a result of this series of transfer twists and turns, Valanciunas may be bought out and leave his NBA contract, which will cost the Nuggets a real substitute for Jokic.