Maybe you should try to watch some Euroleague games, since you're not able to think out of the "NBA molded" box.
Childress was never a star here, and truth to be told, he was bloody awful in his first season. Don't get me wrong, I have nothing against him, but IMO he never justified the amount of money he got in Olympiakos.
As for for him being named in All Euroleague 2nd team, well, the answer lies in the bolded part... He played very good last season, fulfilled his role, his team reached finals, so he got rewarded. But, I'm not so sure about his pick, if Olympiakos didn't reach the final four (yes, Euroleague is funny little organization).
You see, Alex Marić was in the first team, but any of Euroleague fans would laugh at that idea that he could be considered as a star in Europe. Just year ago, he was playing bad for bottom table ACB team from Granada. He signed for Partizan, coach knew how to use him properly and his game greatly improved. All I'm saying is that one can't become a star over night, it doesn't work that way, especially in Europe. And, someone already mentioned it, there's no media hype here surrounding players like in NBA (which can do damage in some of the cases... ->Rubio).