Milicic settles compensation dispute
Milicic, the second overall pick in the NBA draft, will compensate his European team in six annual installments, Pistons president Joe Dumars said Tuesday.
No other details of Milicic's financial settlement with Hemofarm Vrsac were revealed at a news conference attended by Dumars and Hemofarm Vrsac manager Marko Ivanovic.
The Serbian team claimed it had Milicic under contract through 2009 and filed a lawsuit in New York against the player's American agent. The club was demanding at least $10 million in punitive damages.
The Pistons had said they would not proceed with negotiations until the situation with Milicic's former team was resolved.
Milicic has angered Serbia and Montenegro basketball officials by refusing to play for the national team at the European Championship later this month in Sweden.
Copyright 2003 by The Associated Press