Nuggets Agree To Re-Sign Chandler

March 18 2012 at 6:21pm CST By Alex Lee

6:21 PM:  According to Hoopsworld's Alex Kennedy, Chandler's deal is officially for five years and $37MM.  The remainder of this season counts as one of the five years, so they deal is realistically closer to four years and $37MM.  Chandler was a restricted free agent.

5:26 PM:  The Denver Nuggets have come to an multiyear contract agreement with restricted free agent Wilson Chandler, the team announced today.  We saw yesterday that the sides were working to reach a deal by the end of the weekend.  The specifics of the deal have yet to be released.

Chandler came to the Nuggets last year from the Knicks as part of the package that fetched superstar Carmelo Anthony.  He averaged 15.3 points and 5.7 rebounds between the teams in what was his fourth season in the NBA. During the NBA lockout, the 6-foot-8 Chandler agreed to sign with the Zhejiang Guangsha Lions of the Chinese Basketball Association.

Masai Ujiri, Denver's executive vice president of basketball operations, issued the following statement about the acquisition in a team press release:

"It is great to have Wilson back on our roster.  It was a very unique situation signing a talented free agent in the middle of the season, and we worked extremely hard to find an agreement that was best for everyone. Wilson will be an excellent addition for the rest of this season and for years to come."

After essentially acquiring JaVale McGee for Nene (and his contract) in one of the season's bigger trade deadline deals, Chandler is another addition to an already strong and deep Nuggets' roster.  Beat writer Aaron Lopez tweets that Chandler should be able to play Monday against the Mavericks.

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