5:42pm: Both players have officially been waived, the team announced via press release.
4:39pm: The Nuggets have waived Steve Novak and J.J. Hickson, Shams Charania of The Vertical on Yahoo Sports reports (Twitter links). A formal announcement from the team has yet to take place. Novak is earning $3,750,001 for 2015/16 and Hickson is scheduled to make $5,613,500, amounts that the Nuggets will be on the hook for less any salary the players may have given up in buyout arrangements. Both players’ deals expire at the end of this season, so they won’t have any impact on next season’s cap number for Denver. These moves leave the Nuggets with a roster count of 13 players, two under the regular season maximum.
The 32-year-old Novak appeared in only seven games for the Thunder this season before the Thursday trade that shipped him to the Nuggets. His career numbers through 10 NBA seasons are 4.7 points and 1.3 rebounds to accompany a slash line of .438/.432/.876. He’s reportedly a candidate to join the Cavaliers assuming he clears waivers, according to a report by Chris Haynes of The Northeast Ohio Media Group.
Denver was reportedly shopping Hickson leading up to Thursday’s trade deadline but found no takers. Hickson and the Nuggets had subsequently agreed to work out a buyout arrangement prior to the March 1st cutoff date for players to be postseason-eligible for their new teams, as Marc Stein of ESPN.com relayed. Hickson has appeared in just three games since December 8th. He averaged 7.9 points and 4.8 rebounds in 17.2 minutes per game across 17 appearances this season prior to that date.