Combo guard Elliot Williams, who played five games for the Grizzlies in January, has an offer to continue playing for Panathinaikos in Greece, as Lefteris Moutis of Eurohoops.net details. The Greek team, which signed him in February to a three-month contract, is offering a two-year contract at $2MM per season, but the deal is being held up over negotiations on an out clause for the NBA, Moutis writes. The Greek team wants a commitment from Williams that he will stay there for both years of the contract, as Moutis explains. Williams averaged 1.6 points and 0.8 assists per game while with Memphis on a 10-day deal.

There’s more from the Western Conference: