Peja Stojakovic has announced his retirement from the NBA at age 34. He says he is going out on a "championship high" after his back and banged up body let him know it was time to shut it down. Shawn Marion and Lamar Odom will continue to battle for minutes at small forward.

Peja Stojakovic is reportedly considering an offer from the Greek team PAOK. PAOK hope that Stojakovic will help them qualify for the group stage of the EuroLeague, and they are also in talks with Corey Maggette. Peja is a free agent and could therefore sign a deal without an NBA-out clause, though (fresh off winning a championship) he has indicated that he's not ready to retire from the NBA.