Olympiacos Demands $3M Buyout as Dubai Pursues Thomas Walkup

Thomas Walkup’s future hangs in the balance. Dubai wants him out of Olympiacos — but the Greek club isn’t making it easy.

Olympiacos is demanding $3M as a buyout fee from Dubai for the American point guard. Dubai has countered with just $1M. That $2M gap tells the story: Olympiacos values Walkup far more than Dubai is willing to pay, and the club has little incentive to part with him on the cheap.

Walkup has spent five years at Olympiacos, locked into a deal that runs through summer 2027. There’s no buyout clause in his contract, so both sides are negotiating from zero rather than working off a predetermined exit price. His current salary with the Greeks is $1.1M per year.

The money Dubai is offering sounds compelling on paper. They’re proposing $6M over two years through summer 2028 — more than double what Olympiacos pays him annually. But Walkup isn’t chasing the highest bidder. His preference is to stay in Athens, and he and Olympiacos have held multiple conversations about extending his time there,.

For now, both clubs are stuck. Olympiacos won’t budge from $3M, and Dubai won’t go higher. Until one side gives ground on the buyout fee, this deadlock will hold.