Euroleague champion Panathinaikos has announced the return of Vassilis Spanoulis, a former all-Euroleague point guard with the Greens. Spanoulis, (193, 25) arrives after one season with Houston of the NBA. Spanoulis is a reigning European champion with the Greek national team, with whom he also won a silver medal at last fall's World Championships. He and the Greens signed a three-year contract. Spanoulis was a sudden-impact performer in his one and only Euroleague season, 2005-06, when he averaged 14.5 points and 3.1 assists while making 61.7% of his two-point shots, helping Panathinaikos reach the last game before the Final Four. Spanoulis was named to the all-Euroleague second team for his efforts that season. Prior to Panathinaikos, Spanoulis had played two seasons for Larissa of the Greek League, from 1999 to 2001, and the next four with Maroussi. He helped Maroussi to make both the Greek League finals and the FIBA Europe League title game in 2004. The next season, his only one in the ULEB Cup, he averaged 15.2 points and 4.8 assists for Maroussi. In 2005-06 with Panathinaikos, he won both the Greek League and Greek Cup. Last season, Spanoulis tried his luck in the NBA, where he averaged 2.7 points and 8.8 minutes over 31 games.