Nuggets Waive Jamaal Franklin

The Nuggets have waived Jamaal Franklin, as Eric Pincus of Basketball Insiders tweets and as the RealGM transactions log shows. The team has yet to make any formal announcement, but it appears the move has indeed taken place. Franklin, whom Denver signed during the final week of the regular season to a three-year deal, didn’t have any guaranteed salary remaining on his contract. He’ll become a free agent, assuming he clears waivers.

Franklin’s release may well be part of an effort to clear cap room to accommodate the extension and renegotiation of Wilson Chandler‘s contract. The Nuggets also released their cap holds for Darrell Arthur, Rudy Fernandez, Ian Clark, Wesley Person and Jan Vesely, Pincus notes (Twitter link). Dropping Franklin’s $947,276 minimum salary brings Denver’s cap figure to $64,149,043, based on the data that Pincus has compiled. That leaves $5,850,957 under the $70MM cap to add to Chandler’s $7,171,662 salary, enough to bring it to $13,022,619, which would be a front-loaded figure for the first season of Chandler’s new deal, which reportedly is to give him $46MM over the next for years. That isn’t necessarily the reason for Franklin’s release, as Denver doesn’t have to front-load the Chandler deal. The Nuggets have already officially announced Chandler’s new deal, but RealGM nonetheless doesn’t show the move having taken place just yet, leaving room for Denver to make moves to clear the way for it.

Franklin, who turns 24 this month, is just two years removed from having been the 41st overall pick in 2013. The Grizzlies waived him using the stretch provision last summer, so the Brian Elfus client continue to pick up NBA paychecks through 2018/19. The shooting guard spent time playing in China and for the Lakers D-League affiliate last season before the Nuggets picked him up.

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