Panathinaikos has officially welcomed Nigel Hayes-Davis as their new player, confirmed in an announcement made by the club this evening. The signing was first hinted at by the major stakeholder of the team, Dimitris Giannakopoulos, via Instagram early Thursday morning. This news follows a series of speculations regarding Hayes-Davis’s move to the club, adding strength to their roster.

The 31-year-old American forward has signed a contract that will last for 2.5 years, with the investment for his signing estimated to include a total cost of around 10 million euros. The financial terms signal Panathinaikos's commitment to enhancing their competitiveness in the league and possibly in European competitions. Such acquisitions are crucial as the club aims to reclaim its status as a leading force in Greek basketball.

The club's press release confirmed the signing, emphasizing the strategic decision to improve the team's performance through skilled players like Hayes-Davis. As the league progresses, fans and analysts alike will be watching closely to see how this move impacts the team's dynamics and overall success in the upcoming season.