Less than a fortnight after hiring leading Israeli basketball coach Pini Gershon, Greek club Olympiakos, aspiring to re-establish itself as a domestic and European powerhouse after several seasons without a title, has reached a two-year deal with American guard Henry Domercant, one of the sharpest shooters playing in Europe, local sources reported. The 25-year-old Domercant, who spent the past three years in Turkey, beginning with Karsigiaka for a season before transferring to Efes Pilsen, enjoyed limited playing time last season due to a nagging injury. In his first Turkish season, Domercant impressed with a scoring average of 23.3 points. The figure dropped slightly in the 2004-2005 season, the guard’s first of two at Efes Pilsen, but he struck an exceptional success rate of 45.3 percent for his three-point shots. Sources said the player’s deal at Olympiakos was worth approximately 900,000 euros per annum. Two other European clubs, Cibona and Valencia, had also apparently expressed interest in signing the player. In other transfer news, both Olympiakos and archrival Panathinaikos, the Greek league and cup defending champion, have been linked as candidates for signing Lithuanian guard Arvydas Macijauskas. His NBA club, the New Orleans Hornets, is expected to release the player. Though Olympiakos, according to some local reports, has already reached a pre-contractual agreement with the Lithuanian, other reports suggest that Panathinaikos is not yet out of the picture.