In 2000, after getting drafted in the NBA, he signed a three-year contract with KK Budućnost, with an NBA exit clause along with a set transfer fee should he decide to exercise the clause.
Minnesota Timberwolves
Rakočević was selected by the Minnesota Timberwolves, in the 2nd round (51st overall) of the 2000 NBA draft.[2] He did not play in the NBA, until the 2002–03 NBA season, in which he totaled 244 minutes of playing time, in 42 games played, and averaged 1.9 points, 0.8 assists, and 0.4 rebounds per game. He was released after the season, and signed by the San Antonio Spurs, who also released him shortly after. The 2002 - 2003 season ended up being his only season in the NBA, with his final game being a 97–78 win over the Portland Trail Blazers on April 6, 2003. In his final game, Rakočević played for 1 minute and recorded 1 assist and no other stats.
Back to Europe
In October 2003, Rakočević returned to Europe, and signed with Crvena zvezda,[3] where he was the top scorer of the Adriatic League. He was the captain and best player of Crvena zvezda in that 2003–04 season.
In June 2009, he signed a three-year contract with the Turkish Super League club Efes Pilsen.[6][7] While playing with Efes, he also won the 2011 Alphonso Ford Top Scorer Trophy.[8][9] In June 2011, he left Efes.[10]
On 9 August 2012, he signed a two-year contract with Crvena zvezda, which began his third stint with that team.[12][13] In July 2013, Rakočević decided not to play for Crvena zvezda in the following season, and he made the statement that he would play abroad for one more season, or would retire, and become the sports director of the team.[14][15]
In February 2015, Rakočević was elected as the vice-president of the Basketball Federation of Serbia, and put in charge of men's basketball.[16] In December 2020, he was not sought for re-election.[17]
Rakočević was elected on 5-year term as a member of the Assembly of the KK Crvena zvezda on 27 December 2021.[18][19]
Since retiring from professional basketball, Rakočević has taken up Brazilian Jiu-Jitsu and in December 2021 was promoted to black belt in the art after a little over nine years of training.[21]