The Nuggets have signed a multi-year extension with Wilson Chandler, the team announced. The extension will pay him $46MM over four years, tweets Adrian Wojnarowski of Yahoo Sports. Before the extension, Chandler was set to make close to $7.172MM next season.
Because the Nuggets were under the cap, they were able to renegotiate Chandler’s contract, according to former NBA executive Bobby Marks (Twitter link). They were able to deal with him like a free agent although he was already under contract with the team. Marks says Chandler and Danilo Gallinari are the only players eligible for renegotiation (Twitter link). He adds that today’s deals with Chandler and Will Barton means there is a “strong chance” that Denver will have to renounce some of its free agents, possibly Darrell Arthur (Twitter link).
Chandler averaged 13.9 points, 6.1 rebounds and 1.8 assists in 78 games with the Nuggets this season. He came to Denver in a 2011 trade after being drafted by the Knicks with the 23rd pick in 2007. He also briefly played for the Zhejiang Guangsha Lions of the Chinese Basketball Association.