The Nuggets remain busy ahead of free agency. Denver exercised the $30.35MM team option on Paul Millsap earlier today and ESPN’s Adrian Wojnarowski tweets that the team will extend a qualifying offer to Trey Lyles.
Lyles’ qualifying offer comes in at approximately $4.46MM. After exercising Millsap’s option, the team won’t sniff any available cap space, though they still have to be wary about staying below the tax line.
Lyles came to the Nuggets during the 2017 draft as part of a trade that allowed the Jazz to move up to No. 13 overall. Utah selected Donovan Mitchell with the pick and Denver came away with Tyler Lydon at No. 24.
During his two years in Denver, Lyles played 137 games, starting four contests. His showcased solid three-point shooting to begin his career, though he hasn’t matched or surpassed his career-high 38.3% from behind the arc since his rookie season.