Memphis Grizzlies backup point guard Nick Calathes denied a report Monday he had agreed to a three-year, $7 million deal to return to Panathinaikos, the Athens-based professional basketball team in Greece.
Calathes told on Monday he hasn’t signed a three-year deal. The Grizzlies tendered Calathes a $1.1 million qualifying offer, which makes him a restricted free agent.