Thursday , Jan , 22 , 2009 C.Y. Ellis

Olympiakos Pursuing Stephon Marbury?

Stephon Marbury to Greece? It is being considered on both sides of the Atlantic Ocean.

Representatives of the Greek club Olympiacos contacted the New York Knicks earlier in the day in an effort to begin a dialogue on what it would take to get Marbury released from his contract, sources told ESPN.

Olympiacos recently lost Josh Childress for six to eight weeks after he returned to the United States for surgery to repair a sports hernia, and the club is seeking to acquire a replacement player in time for the start of the Top 16 phase of the Euroleague season, which begins Jan. 29 and runs through March 12.

Marbury has been exiled since early in the season by the Knicks, who have been unable to make any substantial progress in buyout talks with the former All-Star. Marbury is in the final season of his contract and is making $20.8 million to sit on the sidelines. He has offered to give back $1 million to secure his release, but the Knicks have asked for more. Also, Knicks president Donnie Walsh remains convinced that a viable trade opportunity involving Marbury could arise between now and the Feb. 19 trade deadline.