Knicks Get Major Jonas Valančiūnas Update After Nuggets Move
The move gives Denver $8 million in cap flexibility as multiple teams are expected to pursue the 34-year-old center.
- On Wednesday, the Denver Nuggets waived veteran center Jonas Valanciunas, making the 34-year-old an unrestricted free agent and providing Denver with $8 million in salary cap relief.
- Denver pursued trade options for Valanciunas' $10 million non-guaranteed salary but failed to find a partner, prompting the release before the guarantee deadline to limit dead cap to $2 million.
- During his lone season, Valanciunas averaged 8.7 points and 5.1 rebounds in 65 games as Nikola Jokic's backup. The Nuggets signed Marvin Bagley III to a one-year deal to fill the center role.
- Multiple NBA teams are expected to pursue the veteran, though reports suggest he previously considered returning home to play for Zalgiris Kaunas in Lithuania. His next destination remains uncertain.
- Waiving the center leaves Denver about $6 million below the second apron with five open roster spots. The team may also move off Zeke Nnaji and his $7 million salary to create further financial maneuverability.
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The Denver Nuggets have parted ways with Jonas Valančiūnas, according to ESPN's Shams Charania and NBA commentator Michael Scotto.
Knicks Get Major Jonas Valančiūnas Update After Nuggets Move
The Knicks' search for another veteran center took an intriguing turn after a major development involving Jonas Valančiūnas. The post Knicks Get Major Jonas Valančiūnas Update After Nuggets Move appeared first on HEAVY.
NBA – Still targeted by several teams, notably in Europe, Jonas Valanciunas was cut by Denver before his salary became fully guaranteed. The Nuggets had until Wednesday 8 July to make a decision on the future of Jonas Valanciunas. According to ESPN, they finally chose to cut him, while his $10 million salary for 2026/27 would become fully guaranteed past that date. By releasing him before that deadline, Denver should finally owe him only $2 mill…
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