Luther Head has opted out of his deal with Hapoel Holon, a team in Israel.

Head signed a one-year contract with Hapoel on Monday.

Real Madrid has offered Sergio Llull a six-year extension with an option on a seventh year.

The Houston Rockets own the draft rights to Llull, buying them for $2.25 million from the Denver Nuggets. Llull was selected with the 34th overall pick in 2009.

Llull averaged 9.8 points, 3.8 assists and 2.0 rebounds over 24.7 minutes per game last season for Real Madrid.

Llull will turn 25 in November.

Hilton Armstrong announced Thursday morning that will be joining Panathianakos of the Greek League.

Armstrong worked out for the Nets on Wednesday.

Armstrong, 27, was selected with the 12th overall pick of the 2006 NBA draft.

Darius Songaila has agreed to terms of a one-year contract with BC Donetsk, a club located in the Ukraine.

Songaila split last season with Galatasaray and Valladolid.

Shelden Williams has signed a free agent deal with Elan Chalon.

"The signing of Shelden Williams proves that Elan Chalon has reached a level of prestige thanks to our results last year, " head coach Gregor Beugnot said. "Signing a player of the caliber of Shelden is a plus for the league and the Euroleague. We are pleased to be able to sign a player of his international repute, and we are confident that the French public will appreciate his qualities."

William, a six year NBA veteran, spent last season with the Nets.

Williams was the fifth overall pick of the 2006 NBA draft.

Williams Buford will play the 2012-13 season with Obradoiro, a club located in Spain.

Obradoiro plays in the Spanish ACB, Spain's first-tier league, which includes FC Barcelona and Real Madrid.

Buford appeared in two games this summer for the Minnesota Timberwolves in the NBA summer league, averaging 6.3 minutes.

Tal Burstein has retired at the age of 32.

Burstein needs to undergo surgery on his injured right hip.

Burstein was a starter for Maccabi Tel Aviv that won Euroleague titles in 2004 and 2005.

Luther Head signed a one-year deal with Hapoel Holon of the Israeli Basketball League.

Head, a six-year NBA veteran, spent the 2010-11 season with the Sacramento Kings, averaging 6.1 points, 1.8 rebounds and 2.1 assists.

Head owns career averages of 8.2 points and 2.2 assists.

Austin Freeman will play next season for Hapoel Eilat, a team in southern Israel.

Freeman averaged 20.9 points, 4.6 rebounds, 2.9 assists and 1.9 steals for Marcopoloshopit Forli last season.

The 6-foot-3 guard played five games with the Hornets’ summer league team, averaging 3.4 points on 20.8 percent shooting in 15.2 minutes per contest.

Lou Amundson continues to explore offers from NBA teams, but is also in talks with Panathinaikos of Greece.

Amundson played for the Pacers last season.