The situation has rapidly escalated to a point of no return. Communication between Walkup and the Piraeus club has completely broken down, leading to an impasse. The entire affair could take on a new dimension, with a third party, Dubai, now in the spotlight.
The ABA League champions made no secret of their interest in Walkup, with club president Dejan Kamenjašević publicly confirming negotiations with the American point guard. Such a move directly contravenes EuroLeague regulations, further complicating an already tense situation.
Despite speculation that Dubai was prepared to pay a transfer fee exceeding 1,500,000 euros, Olympiacos has remained steadfast in its refusal to part with their player, even in the face of persistent efforts from the Middle Eastern club.
EuroLeague regulations, specifically Article 24.2, explicitly prohibit such actions. The statute states: "It is not permitted to negotiate with another club or individual while they are under contract... or to make public statements in any media format that directly or indirectly attempt to persuade an individual to join a club, unless the parent club has previously given explicit permission for negotiations."
According to the latest public information, the EuroLeague is closely monitoring developments. Should Dubai be found to have violated the rules, which the club has practically confirmed publicly, they could face severe consequences. Olympiacos has expressed dissatisfaction over what they describe as unauthorized negotiations.
Given these circumstances, the entire case could soon be brought before the Basketball Arbitral Tribunal (BAT), which is expected to deliver a final ruling.
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