Nuggets Waive Kostas Papanikolaou

SEPTEMBER 28TH, 7:52am: The move indeed took place Friday, according to the RealGM transactions log, though the team still hasn’t made an official announcement.

SEPTEMBER 25TH, 4:12pm: The Nuggets have waived Papanikolaou, Marc Stein of reports (Twitter link).

AUGUST 3RD, 8:01am: Papanikolaou’s camp is unaware of any pending waiver, according to Nikos Varlas of Denver’s plan is to keep him until the Eurobasket tournament begins in December, and evaluate him then, sources tell Varlas. Nuggets GM Tim Connelly and assistant GM Arturas Karnisovas are set to head to Europe to scout Papanikolaou and others.

AUGUST 2ND, 3:03pm: Papanikolaou is not being waived by the Nuggets at this time, Chris Dempsey of The Denver Post tweets.

AUGUST 1ST, 2:30pm: The Nuggets will waive Kostas Papanikolaou, a source told David Pick of (Twitter link). His $4,797,664 deal was non-guaranteed.

Papanikolaou played for the Rockets last season and was traded to Denver as part of the Ty Lawson swap last month. Pablo Prigioni, Joey Dorsey, Nick Johnson and a protected 2016 first-round pick were also forwarded to the Nuggets in the deal. Houston exercised its option on Papanikolaou in June and his salary would have been guaranteed if he remained on Denver’s roster past October 4th.

With plenty of other forward options, the Nuggets had no intention of keeping Papanikolaou and wanted his non-guaranteed contract in order to shed salary.

The 6’9” forward was a regular part of the Rockets’ rotation during the first half of the 2014/15 season, but the acquisition of Josh Smith cut into the 24-year-old’s minutes and he also battled an ankle injury. He averaged 6.1 points and 3.9 rebounds in 24.6 minutes per game before Smith joined the team and 2.3 PPG, 1.5 RPG and just 12.1 MPG in 21 appearances afterward.

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