Former New Orleans Hornets guard Jannero Pargo finalized a move from Dynamo Moscow to Greek club Olympiacos, his agent confirmed Monday.
A bonus of nearly a half-million Euros awaits Pargo if he helps his newest club win three titles this season.
Olympiacos is competing in the Euroleague Final 16, the Greek League and the Greek Cup, and the club's owner, Panagiotis Angelopolous, added the so-called Greek Triple Crown bonus in an effort to outbid at least three other suitors who were trying to acquire the former NBA guard.
Pargo will be in uniform for Olympiacos for its Greek Cup final against archrival Panathinakos on Feb. 21, replacing American Josh Childress (hernia). Pargo will continue to compete for Olympiacos in Euroleague games, where as many as six foreigners can be on a team's active roster, but he will have to earn a spot over American Lynn Greer on the team's Greek League roster after Childress returns toward the end of February.
Pargo's buyout with Dynamo Moscow was completed Monday after several days of negotiations, Pargo's agent, Mark Bartlestein, said.