Five months after breaching his contract with Maccabi Tel Aviv claiming to have a deal with an NBA team during the lockout, Eurobasket reveals that undrafted Jeremy Pargo, signs his NBA rookie contract with the Memphis Grizzlies. Pargo attended yesterday’s workout in Memphis but didn’t participate because his contract hadn’t been finalized. Today (Saturday) the paper work came to an end with a two-year, $2,000,000 deal.
Not exactly a blockbuster deal by any means, but there’s no doubt to it the kid can ball. He’s been considered one of the top point guards in Europe last season leading Maccabi all the way to the Euroleague finals. Earlier this week, Pargo was accused of violating contract terms with Maccabi in August as FIBA harshly ruled he’s to compensate the Israeli team by paying $270,000 not including lawyer and court expenses.
The former Gonzaga Bulldog landed in Israel two-years ago after signing with Gilboa/Galil. He then put on a show becoming one of the best guards in the League including, winning an historic Israeli League championship versus Maccabi in the finals. Maccabi’s reaction was if you can’t beat them, join them and Pargo did just that signing a one-year deal. Last season, Pargo would lead Maccabi to the Israeli League title, state cup, league cup and Euroleague Final Four.