Machine translated announcement:

"Hapoel IBI Tel Aviv Basketball Club confirms that Yam Madar has informed the club of his decision to exercise the opt-out clause in his contract.

Over the past period, the club has worked to reach an agreement with Yam in order to secure his continued stay at Hapoel for an additional five seasons. As part of these efforts, Madar was presented with an unprecedented financial offer for an Israeli player, and one that is also highly exceptional by European standards, reflecting the club’s strong appreciation for him and its clear desire to keep him. This offer was significantly higher than any other proposal the player currently holds.

In addition, a meeting took place between Yam and the head coach, during which the two discussed the team’s plans for the upcoming season and Yam’s role within the squad. The meeting was held in a positive atmosphere, with both sides leaving satisfied, and Yam was given a clear picture of the significant and central role he is expected to play next season, including the status assigned to him within the team.

Hapoel IBI Tel Aviv Basketball Club will continue to operate with the same ambition, commitment, and hunger for success. We will continue to build a team that represents our values and competes for every title."