Former NBA guard Acie Law has agreed to a two-year, $2.8 million gross contract to return to Olympiacos of Greece, a source told Yahoo! Sports.
Law's agreement will include an out clause before July 25 to accept a deal in the NBA, a source said.
Law has been part of consecutive Euroleague championships in Olympiacos in his two seasons in Greece. After getting drafted 11th overall in the 2007 NBA draft, Law played for four NBA teams before making the move overseas.