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    Phoenix admits Banchero turned down offer for three-year extension

    Feb 2, 2022
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    Chris Banchero has signed with Meralco as an unrestricted free agent.

    PHOENIX expressed its gratitude to guard Chris Banchero - brief as his stay was with the PBA franchise.

    Phoenix team manager Paolo Bugia said the Fuel Masters tried their best to retain the services of the 33-year-old Fil-Italian, even to the extent of laying on the table a three-year contract offer.

    [See Unrestricted free agent Chris Banchero signs with Meralco]

    But Banchero choose to exercise his right as unrestricted free agent after playing in his seventh year in the PBA and signed a similar three-year deal with Meralco.

    “After exhausting all efforts to retain him including a three-year contract offer that any player would envy, sadly he will no longer represent the Phoenix team,” said the Fuel Masters in a statement just moments after Meralco announced the Banchero signing.

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      “We would like to thank him for his time and hard work while playing for Phoenix and wish him nothing but the best in his next journey.”

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      Chris Banchero has signed with Meralco as an unrestricted free agent.
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