and last time he led all Panathinaikos scorers in a playoff matchup versus their archrivals. 2004–2009: A new role for a leader The 2004–05 season meant an adjustment for the captain of Panathinaikos. Unable to contribute to Head Coach Obradović's demanding systems as efficiently as before, he was not starting in any of the games anymore. Nevertheless, he came off the bench as a spot shooter, who gave the team valuable perimeter scoring and experience. Along with the team's new stars Dimitris Diamantidis, Jaka Lakovič, and Mike Batiste, PAO made it to the 2005 EuroLeague Final Four in Moscow, where they lost to Šarūnas Jasikevičius' and Anthony Parker's Maccabi Tel Aviv. Alvertis finished the EuroLeague season with an average 8.4 points per game, the lowest since his first EuroLeague campaign in the 1993–94 season. Finally that same season, he lifted another Greek League trophy, after averaging 12 points per game against AEK in the Greek League's Finals. During his sixteenth season with Panathinaikos, Alvertis had the same role as in the previous year. Coming off the bench, he helped his team make the EuroLeague Top 8. In their playoff series, TAU Ceramica pulled off an upset during the decisive third game in Athens, thus preventing PAO from reaching the 2006 EuroLeague Final Four. This disappointment was slightly relieved by the team's sweep against Olympiacos, in the Greek League Finals. The 2006–07 season was a great one for Panathinaikos, as they won the EuroLeague Final in Athens, as well as the Greek League and the Greek Cup titles. Alvertis’ contribution had not been significant on the court, but the captain of the Greens was ready to serve his team whenever they needed him. The 2007–08 season confirmed that, with Alvertis being the soul of the Greens in the locker room, even though his contribution on the court was again limited. PAO won both the Greek League and the Greek Cup yet another time. The 2008–09 season was his last on the team's roster, as his role was at that point had become merely symbolic. 2009-Today “Fragi” is always a symbol for Panathinaikos. After his retirement, Alvertis have never get out of this team. He was always there to help the team achieve all the targets. From 2009, until 2020 he has contributed in many positions: technical director, coach, assistant coach, Panathinaikos academies manager. In 2020, he became the co-general manager of