UPDATE: July 19, 2006, 11:39AM
Rockets, Spanoulis agree to 3-year deal
By JONATHAN FEIGEN
Copyright 2006 Houston Chronicle
The Rockets reached agreement with guard Vassillis Spanoulis on a three-year contract worth more than $5 million, the largest initial contract they had ever offered a second-round pick.
Spanoulis told Athens newspaper Eleftheros Typos that he would officially accept the contract offer sometime today or tomorrow Houston time.
The Rockets acquired the rights to Spanoulis in an exchange of second-round picks during the 2004 Draft. He played well enough for Maroussi Honda to move to Greek league power Panathanaikos last season and helped lead that team to the Greek league championship.
A member of the Greek Olympic team in 2004 Spanoulis, a 6-3 1/2-inch combination guard, is training with the Greek team for the World Championships and will not be in Houston until September.
Not sure how many folks here know him but the Rockets picked him up in the draft a couple years ago. Carrol Dawson has been very high on him saying he was a cross between "Kobe Bryant and Tony Parker" and said he was the best player on the best team over there. He also mentioned that he would be able to contribute this season. Hopefully, CD knows what he is talking about.