The Top-16 Euroleague Draw was announced on Wednesday.

Group E will consist of CSKA Moscow, Olympiacos, Efes Istanbul and Galatasaray.

Group F is headlined by Real Madrid, followed by Montepaschi Siena, Unicaja and Gescrap Blbao.

Group G consists of Fenerbahce Ulker, Panathinaikos Athens, Unics Kazan and Armani Milan.

Barcelona Regal leads Group H with Maccabi Tel Aviv, Bennet Cantu and Zalgiris Kaunas.

Click here to view individual stats from the Euroleague Regular Season and here for full team stats.

Real Madrid's Nikola Mirotic has been named Euroleague MVP for the month of December.

During four games in December, Mirotic dominated like never before in leading his team to a perfect record with wins over three other Euroleague Top 16 teams to clinch first place in Group C and a No. 1 seed in the Top 16 Draw.

He recorded his first career Euroleague double-double, set career highs in index rating, scoring and steals and earned weekly MVP honors for the first time. His 18.5 points per game in December came with excellent efficiency.

Mirotic also averaged 6.8 rebounds per game.

The Bulls own the draft rights to Mirotic.

The New Orleans Hornets announced that they have signed forward/center Gustavo Ayón. Per team policy, terms of the contract were not released.
 
“We are extremely excited about this signing,” said Hornets GM Dell Demps. “Gustavo is someone who we have had on our radar for a while and we believe he is going to be a great addition to our roster. He is a highly coveted international player and we look forward to working with him as he transitions into being an NBA player." 

Ayón (6-10, 250), averaged 15.9 points on 66 percent shooting while grabbing 8.2 rebounds per game this season over 10 games for Fuenlabrada of Spain.

The Eurocup released their groups for the Last 16 on Tuesday.

Group I will consist of MBC Gravelines, CEZ Nymburk, VEF Riga and Valencia Basket.

BC Khmki Moscow, ASVEL Basket, BC Donetsk and Aris are in Group J.

Group K has Banvit BK, BC Spartak, Krka and KK Buducnost Voli.

Group L will feature Lietuvos Rytas, ALBA Berlin, PBC Lokomotiv and Benetton Basket.

Andy Rautins has signed with Lucentum Alicante of Spain.

Rautins was traded to the Mavericks from the Knicks in the Tyson Chandler deal and was subsequently waived.

Nenad Krstic has been named Euroleague MVP for Week 9 of the regular season.

Krstic had 17 points on nine shots and 12 rebounds in a 91-75 win for CSKA over Panathinaikos.

CSKA remains undefeated at 9-0.

The Milwaukee Bucks have signed rookie forward Jon Leuer (6-10, 228) to a contract, General Manager John Hammond announced today. Leuer was the 40th overall selection in the 2011 NBA Draft.

Prior to signing with Milwaukee, Leuer appeared in 10 games for the Fraport Skyliners Frankfurt team in the German Bundesliga where he averaged 14.8 points, 7.8 rebounds and 1.1 assists, while shooting 49.5 percent from the field.

The Mavericks are interested in clearing Rudy Fernandez from their books to create more cap space.

Fernandez could reach a buyout with Dallas and remain in Spain, where has been playing for Real Madrid.

Fernandez was traded to the Mavericks on draft night.

The Chicago Bulls announced today the team has re-signed forward Brian Scalabrine.

Per team policy, terms of the contract were not disclosed. Scalabrine (6-9, 235) saw action in 18 games last season with the Bulls and averaged 1.1 ppg in 4.9 mpg.

According to K.C. Johnson of the Chicago Tribune, the deal is non-guaranteed.

The Memphis Grizzlies signed free agent Jeremy Pargo to a multi-year contract, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced today. Per team policy, terms of the deal were not disclosed.

Pargo, a 6-2, 219-pound guard, joins the Grizzlies after spending last season with Euroleague powerhouse Maccabi Tel-Aviv, where he was named to the 2011 All-Euroleague Second Team after recording 13.0 points, 3.5 rebounds and 4.3 assists on .463 shooting in 30.0 minutes in 22 games.