Panathinaikos has made a notable move in the basketball transfer market by securing the services of Nigel Hayes-Davis, who was last season's MVP at the Euroleague Final Four while playing for Fenerbahçe. The announcement was made by the club's powerful figure, Dimitris Giannakopoulos, indicating the club's ambition to strengthen its roster for upcoming competitions.

Initially, Hayes-Davis was close to signing with Hapoel Tel Aviv, but uncertainty surrounding the future of coach Dimitris Itoudis made him reconsider his options. Understanding the competitive nature of the Greek league and the prestigious Euroleague, Hayes-Davis opted for a lucrative deal offered by Panathinaikos instead, which shows the club's intent to compete at the highest levels.

The contract includes a significant financial package, reportedly worth around 10 million euros, not including performance bonuses, and extends until the summer of 2028. This signing signals not only Panathinaikos' immediate goals but also their long-term strategy to build a winning team capable of contending for titles in both Greek and European basketball arenas.