Nuggets Release 14-Year Veteran Ahead of $10 Million Payday
- 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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16 Articles
Nuggets release 14-year veteran ahead of $10 million payday
Feb 5, 2014; Denver, CO, USA; A view of the Denver Nuggets logo on the court prior to the game against the Milwaukee Bucks at the Pepsi Center. Mandatory Credit: Isaiah J. Downing-USA TODAY Sports The Denver Nuggets were set to pay $10 million to big man Jonas Valanciunas if he was still on the roster after Wednesday. However, according to a report from Michael Scotto of Hoops Hype, the Nuggets are releasing Valanciunas, and he is expected to ha…
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.
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