The contract is fully guaranteed, Marc Stein of the New York Times tweets.
The Real Madrid point man has been one of Europe’s top guards for several seasons. Campazzo, 29, has played overseas since 2008 and has been with Real Madrid since 2014.
A two-time EuroLeague champion and three-time Spanish League champion, Campazzo has also been part of four Argentine League championships. He’s also won a EuroCup Defensive Player of the Year award.
In 28 EuroLeague games last season, Campazzo averaged 9.9 PPG and 7.1 APG. His 3-point percentage slipped to 31.0% but he’s typically a reliable outside shooter, knocking down 37.5% of his long-range shots the previous two EuroLeague seasons.