D.J. Kennedy Contract Details
- D.J. Kennedy‘s three-year contract with the Nuggets is a minimum-salary pact that features a modest $50K guarantee in year one, tweets Pincus.
J.J. Hickson Headed To China?
AUGUST 20: Hickson is finalizing a deal with the Fujian club, tweets Marc Stein of ESPN.com.
AUGUST 19: Power forward J.J. Hickson is negotiating a deal in China, a source told international journalist David Pick (Twitter link).
The 6’9” Hickson has played in the NBA since the 2008/09 season. He played 20 games with the Nuggets last season, including nine starts, and averaged 6.9 points and 4.4 rebounds in 15.3 minutes.
Hickson, who had a $5.6MM salary last season, was waived after reaching a buyout agreement in February. The Nuggets tried to deal him before the trade deadline but couldn’t find a taker. He played in just three games after December 8th before he was waived.
He then signed for the remainder of the season with Wizards after clearing waivers. He appeared in 15 games with Washington, averaging 4.6 points and 3.0 rebounds in 8.7 minutes.
Hickson has also played for the Cavaliers, Kings and Trail Blazers. He’s averaged 9.5 points and 6.8 rebounds in 534 career games.
A torn ACL in March 2014 sidetracked Hickson’s career. His reputation as a subpar midrange shooter and poor defender also hindered his chances of signing another NBA contract.
No More Purple For Malone
- Nuggets coach Michael Malone doesn’t admit to harboring bitterness over his firing by Sacramento, but USA Today’s A.J. Neuharth-Keusch writes that he has cut the Kings’ dominant color out of his wardrobe. “I have not [worn purple since the firing],” Malone said during an appearance on an ESPN podcast. “And what I really love about that is I haven’t, it’s my wife’s favorite color, she hasn’t, and my daughters haven’t. It’s almost become taboo, forbidden in our household.”
Joey Dorsey To Re-Sign With Barcelona
Joey Dorsey, a veteran of the NBA and European basketball, will spend the next two seasons with Barcelona, tweets international basketball writer David Pick. Dorsey, who was released by the Nuggets last August, will make more than $1MM over the life of his new contract.
The 32-year-old Dorsey was one of four players sent from Houston to Denver last summer in the Ty Lawson trade. However, the Nuggets waived him and his $1,015,421 salary before training camp began. He signed with the Turkish club Galatasaray and later joined Barcelona.
A second-round pick by the Trail Blazers in 2008 after reaching the NCAA finals with Memphis, the 6’8″ Dorsey established a reputation as a physical defender and rebounder during his time in the NBA, but never had enough offensive production to stay in one place very long. He averaged 2.6 points and 3.9 rebounds during his four-year career with the Rockets, Kings and Raptors.
Nuggets Looking To Add Chris Finch To Staff
- The Nuggets are closing in on a deal with former Rockets assistant coach Chris Finch that would see him join coach Michael Malone‘s staff, Marc Stein of ESPN.com relays (Twitter link).
Nuggets Sign Juan Hernangomez
AUGUST 9th: The signing is official, the team announced.
JULY 29th: The Nuggets have come to terms on a rookie scale deal with Juan Hernangomez, Eric Pincus of Basketball Insiders reports (via Twitter). The 20-year-old was selected with the No. 15 overall pick in this year’s NBA Draft.
Hernangomez’s arrangement with Denver is a standard rookie contract that will see him earn $1,987,440 this season, $2,076,840 in 2017/18, $2,166,360 in 2018/19 and $3,321,030 the final season, with the last two years being team options, as Bobby Marks of The Vertical notes.
The 6’9″ forward appeared in five games for Denver’s squad in the Las Vegas Summer League, averaging 10.2 points and 8.2 rebounds in 26.7 minutes per outing. Hernangomez spent the 2015/16 campaign with the Spanish club Movistar Estudiantes, making 34 appearances and notching averages of 9.7 points, 5.7 rebounds and 0.8 steals while shooting .455/.358/.717.
Nuggets Sign First-Rounder Jamal Murray
AUGUST 9th: The signing is official, the team announced.
JULY 19th: The Nuggets have reached an agreement with No. 7 overall pick Jamal Murray, as Malika Andrews of The Denver Post relays. Murray will make slightly under $6.6MM over the first two seasons, per the rookie scale, as our breakdown of salaries for 2016 first-rounder shows. The contract includes a team option on year three and four.
Murray may be the best shooter in his draft class, as I mentioned in his Prospect Profile. Jonathan Givony of DraftExpress.com had the combo guard ranked as the seventh-best prospect in the draft.
The 19-year-old averaged 20.0 points, 5.2 rebounds and 2.2 assists during his lone season at Kentucky. He shot 40.8% from behind the arc and 50.2% from the field overall.
Nuggets Ink Malik Beasley
AUGUST 9th: The signing is official, the team announced.
JULY 12th: The Nuggets and No. 19 overall pick Malik Beasley have agreed to a deal, Malika Andrews of The Denver Post reports. “Thankful to be a part of that less than 1 percent,” Beasley posted on his official Twitter account. “This is only the beginning too. GrindTime!!”
Beasley will earn the rookie scale, which is approximately $2.77MM over his first two seasons and Denver will hold team options on the third and fourth years, Andrews notes. Jamal Murray, the No. 7 overall pick in this year’s draft, is expected to sign his rookie-scale contract soon, the scribe adds.
The 19-year-old appeared in 34 games for Florida State this past season, averaging 15.6 points, 5.3 rebounds and 1.5 assists in 29.8 minutes per night. His shooting line on the year was .471/.387/.812.
Salary Cap Snapshot: Denver Nuggets
With the free agent signing period winding down and teams looking ahead to the preseason, we at Hoops Rumors will be tracking the Salary Cap figures for each team around the league. These posts will be maintained throughout the season once financial data is reported. They will be located on the sidebar throughout the year, once all the teams’ cap figures have been relayed. You can always check RosterResource.com for up-to-date rosters for each franchise, with the Nuggets’ team page accessible here.
Here’s a breakdown of where the Nuggets currently stand financially:
Guaranteed Salary
- Danilo Gallinari — $15,050,000 (Deal includes 15% Trade Kicker)
- Kenneth Faried — $12,078,652
- Wilson Chandler — $11,233,146
- Darrell Arthur — $8,070,175
- Roy Hibbert — $5,000,000
- Jameer Nelson — $4,540,525
- Will Barton — $3,533,333
- Mike Miller — $3,500,000
- Emmanuel Mudiay — $3,241,800
- Jamal Murray — $3,210,840
- Mason Plumlee —$2,328,530
- Mo Williams — $2,194,500 [Waived by team]
- Juan Hernangomez — $1,987,440
- Gary Harris — $1,655,880
- Malik Beasley — $1,627,320
- Nikola Jokic — $1,358,500
- Nick Johnson — $980,431 [Waived by team]
- Alonzo Gee — $417,848 [Waived by team]
- Robbie Hummel — $150,000 [Waived by team]
- Jarnell Stokes — $150,000 [Waived by team]
- Alonzo Gee — $57,672 [10-day contract (Jan 8); actual salary — $77,379]
- Johnny O’Bryant — $57,672 [10-day contract (Jan 26)]
- Johnny O’Bryant — $57,672 [10-day contract (Feb 6)]
- D.J. Kennedy — $50,000 [Waived by team]
- Nate Wolters — $50,000 [Waived by team]
Total Guaranteed Salary= $82,581,936
Cash Sent Out Via Trade: $0 [Amount Remaining $3.5MM]
Cash Received Via Trade: $3.5MM — Received $650K from Hawks in Mo Williams trade. Received $2.85MM from Trail Blazers in Mason Plumlee trade. [Amount Remaining $0]
Payroll Exceptions Available
- Room Exception: $2,898,000
Total Projected Payroll: $82,581,936
Salary Cap: $94,143,000
Estimated Available Cap Space: $11,561,064
Luxury Tax Threshold: $113,287,000
Amount Below Luxury Tax: $30,705,064
Salary Cap Floor: $84,729,000
Amount Below Salary Cap Floor: $2,147,064
Last Updated: 2/24/17
The Basketball Insiders salary pages and The Vertical’s salary database were used in the creation of this post.
Nuggets Still Looking To Trade Faried?
- The Nuggets are still open to trading power forward Kenneth Faried, with the Thunder and Pelicans among the teams that have expressed interest, Sam Amico of Amico Hoops relays.