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Old 08-16-2008, 12:07 PM   #289
Kris P Lettus
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Jannero Pargo is going to Europe..

Quote:
Hornets guard Jannero Pargo signs one-year deal with Dynamo Moscow

16 hours ago
NEW YORK — New Orleans Hornets guard Jannero Pargo is the latest player to turn his back on the NBA for Europe.
Pargo signed a one-year deal with Dynamo Moscow of the Russian League, agent Mark Bartelstein told The Associated Press in a phone interview Friday.
The one-year deal is worth nearly US$4 million and is about twice what Pargo made for the Hornets last season, Bartelstein said. Pargo joins a growing defection of NBA players lured overseas by higher salaries.
"Jannero's probably one of the higher profile players to go over," Bartelstein said.
Josh Childress began the exodus of role players in July when he spurned the Atlanta Hawks and signed a three-year deal with Greek club Olympiakos worth about $20 million after taxes. Earl Boykins, Carlos Arroyo, Nenad Krstic, Carlos Delfino and Jorge Garbajosa have since left the NBA for European teams.
Dynamo also signed Bostjan Nachbar, who averaged 9.8 points for the New Jersey Nets last season.
The six-foot-one, 175-pound Pargo is a six-year NBA veteran out of Arkansas. He averaged 8.1 points and 18 minutes a game as a reserve for the Hornets last season, and was the team's fourth-leading scorer in the playoffs with 10.2 points per game.
New Orleans attempted to re-sign Pargo after he opted out of the final year of his contract in hopes of getting a more lucrative deal. Bartelstein said he had a handful of offers from the NBA, and the short length of the contract means the 28-year-old backup point guard has some future flexibility.
"We had a couple of interesting offers," Bartelstein said. "We just thought it was a great opportunity. He expects to do this for a year, take a deep breath and decide what to do next year. By no means does this mean we're saying goodbye to the NBA."
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