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11:24pm: Real Madrid has officially announced the deal for Fernandez, tweets Emiliano Carchia of Sportando.
WEDNESDAY, 8:43am: Fernandez's deal is for nine million Euros over three years, tweets ESPN.com's Marc Stein. At the moment, that works out to about $11.31MM.
TUESDAY, 2:31pm: Rudy Fernandez has agreed to sign a three-year contract with Spain's Real Madrid, according to Marca.com (Spanish link translated by Sportando). Fernandez himself confirmed via Twitter (Spanish link) that his new contract will officially be announced tomorrow.
Because the Nuggets didn't extend Fernandez a qualifying offer, the shooter will be free to sign with any NBA team if he ever decides to return.
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