Former Magic guard Arroyo signs with Israeli team Tel Aviv, Israel (Sports Network) - Carlos Arroyo, who spent the last two
seasons with the Orlando Magic, has signed a one-year contract with Maccabi
Tel Aviv.
The deal also includes an option for two more years.
"I'm very happy we've completed this signing," Maccabi coach Effi Birnboim
told the club's Web site. "Arroyo is a player of the highest standard and has
been our top priority for a while. Luckily for me, Maccabi's management agreed
to sign him despite the huge costs. This is exactly the player we need. He's a
great basketball player as well as being a great ... More...
Carlos Arroyo has reportedly signed a contract with Israeli team Maccabi Tel-Aviv, according to ESPN. Sources in Israel said Arroyo will receive an estimated $2.5 million net next season, which is roughly the equivalent of a $5 million NBA salary after taxes, as part of a three-year deal. The contract includes an opt-out provision that will enable Arroyo to return to the NBA after each of the next two seasons if he chooses.