Former first-round pick Shane Larkin re-signs with Anadolu Efes

Veteran point guard Shane Larkin has re-signed with Anadolu Efes, the Turkish team announced on Friday. Larkin received a two-year deal that includes an NBA opt-out clause.

Larkin has spent the last several seasons in Turkey following a pair of NBA stints earlier in his professional career. A first-round pick out of Miami in 2013, he averaged a modest 5.5 PPG and 2.9 APG on .422/.336/.777 shooting in 256 career NBA games for the Mavericks, Knicks, Nets and Celtics, but has since emerged as a star in Europe.

Larkin has won back-to-back EuroLeague titles, making the All-EuroLeague Second Team in 2021 and the All-EuroLeague First Team in 2022. He ranked in the league’s top five this season in points (14.6), assists (5.3) and three-pointers per game (2.4).

A report last week indicated that Larkin was drawing interest from the Wizards, who will be in the market for point guard help this summer. However, it sounds like the 29-year-old plans to spend at least one more year in Europe before considering an NBA return — Anadolu Efes’ announcement didn’t provide any specific details on his out clause, but generally those opt-out windows open up between seasons.

It’s unclear what Larkin’s new contract is worth, but last week’s report suggested that Anadolu Efes was offering a salary similar to what he was earning on his previous deal, which was approximately €3.2M.

Larkin said in 2020 that he wouldn’t return to the NBA to be a team’s third point guard, and spoke more recently about being happy to remain overseas and play a starring role in front of passionate European fans, so the fact that he’s signed a new contract to remain in Turkey doesn’t come as a major surprise.