His contract was set to expire at the end of the season
Alec Peters renews at Olympiacos until 2026
Article
3 Mins read
Olympiacos Piraeus has announced that Alec Peters has signed a two-year contract extension at the club, which will keep him at Peace and Friendship Stadium until the end of the 2025-26 season.
Peters, 28, joined Olympiacos in the summer of 2022 and is currently in his second year in Piraeus. His deal was set to expire at the end of the current campaign, but this renewal means that he will stay at the Greek club for a further two years.
Replacing Vezenkov
After having a backup role last season, a campaign in which he averaged 4.6 points, 2.5 rebounds and a 4.5 PIR in 13:13 minutes across 37 games, starting just three times, Peters has become a major part of Olympiacos’s offense this year. In particular, Peters has helped fill the void of 2022-23 Turkish Airlines EuroLeague MVP Sasha Vezenkov, who left for the Sacramento Kings of the NBA.
This season, the American forward has boosted his numbers to 14.3 points, 5.2 rebounds, 1.6 assists and a 16.1 PIR in 26:46 minutes through 25 games, all of which have been as a starter. Peters’s averages are his best since the 2020-21 season, when he posted 11.5 points, 3.9 rebounds, 1.6 assists and a 12.5 PIR in 33 games – largely coming off the bench – for Baskonia Vitoria-Gasteiz.
Peters is now in his sixth season in the EuroLeague, having suited up for CSKA Moscow (2018-19), Anadolu Efes Istanbul (2019-20), Baskonia (2020-22) and now Olympiacos (2022-present). In that time, he has played 170 games and has career averages of 7.8 points, 3.2 rebounds, 1.0 assist and an 8.2 PIR.
A career-best season
That 2020-21 season with Baskonia saw Peters record his best overall totals in points (379), rebounds (130), assists (53) and PIR (411), but that came in eight games more than he has played for Olympiacos this year. As such, he is likely to beat those figures during this campaign, having amassed 357 points, 129 rebounds, 40 assists and a 402 PIR through 25 appearances.
Peters is playing the best basketball of his career at present, and his renewal is great news for everyone involved at Olympiacos.