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Nuggets in '10
Chris Andersen to re-up with the Nuggets (5 yrs/Up to $26 Mil)
Chris Andersen and the Denver Nuggets have reportedly reached an agreement which will pay the high-energy fan favorite $25,000,000 over a period of 5 years.
Evening update:
NBA.com Notebook: Nuggets close to re-signing Andersen
By NBA.com staff reports
Posted Jul 7 2009 5:45PM
The Nuggets and free agent center Chris Andersen are very close to a contract extension that will keep the NBA's second-leading shotblocker in Denver on a multi-year deal. The amicable discussions have gone on since the weekend, and the new deal could be completed as early as Wednesday, after the official 2009-10 salary cap numbers are known. Those numbers, including the cap figure and the exact amount of exceptions to the cap, should be released late Tuesday.
Because Andersen does not have "Larry Bird" rights in Denver, the only way the Nuggets can re-sign him is via the mid-level exception. A source with knowledge of the discussions said Tuesday that Andersen will likely not get the full mid-level exception (this year's was $5.585 million) from the Nuggets, but that Andersen's camp was hoping to get a deal done that would pay Andersen an amount similar to the full mid-level over the life of the deal, which would be a little more than $32 million using last year's numbers.
"I think what we're trying to do is make things work for each other," the source said. "There's mutual respect between Chris and the Nuggets."
Because Denver is already perilously close to paying luxury tax next season -- the Nuggets have already committed $70 million in salaries to 10 players, including first-round pick Ty Lawson, and last year's tax threshhold of $71.15 million is likely to come down for 2009-10 -- the Nuggets are trying to back-load Andersen's deal, paying him less up front and more of the deal in the final few years.
Andersen has found a home in Denver, where he played early in his career, and where he returned last season after a brief stint in New Orleans toward the end of the 2008-09 season. He came back to the Hornets after serving a two-year suspension by the league for substance abuse, but wasn't in shape and didn't play much. Last season he came back strong, drawing a cult following in Denver for his defense and rebounding off the bench for the Nuggets. Re-signing him is their top offseason priority.
-- David Aldridge
Early Wednesday Update:
[QUOTE]
"Birdman" re-signing with Nuggets
Denver retains fan favorite with five-year deal starting at $3.7 million
By Benjamin Hochman
The Denver Post
Posted: 07/07/2009 09:31:41 PM MDT
Updated: 07/08/2009 12:09:35 AM MDT
Get ready to flap your wings again. "The Birdman" is back.
Chris Andersen and the Nuggets have agreed on a five-year contract that could earn Andersen up to $26 million, the player's manager, Mark Bryant, said Tuesday night. This locks in one of Denver's most popular athletes for the next half-decade.
"We're ecstatic to stay in the community," Bryant said.
Andersen will make $3.7 million next season in his backloaded and incentive-based contract, which will help the Nuggets financially. They entered this free-agency period over the NBA luxury tax line of $69.92 million, which was announced Tuesday.
Andersen can officially sign today. He was on vacation Tuesday, his 31st birthday, and couldn't be reached to comment.
Andersen, an unrestricted free agent, had inquiries from numerous NBA teams but had said all along he wanted to return to the Nuggets. Last season, Andersen ranked second in the NBA with an average of 2.5 blocked shots and was the Nuggets' top post player off the bench. He averaged 6.4 points and a career-high 6.2 rebounds, and his colorful personality
Last edited by LateNightNBA; 07-08-2009 at 04:02 PM.
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Sixers|Eagles|Phillies
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
Not bad. Hopefully after getting this contract he doesnt flop.
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Waiting on 2010....
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
What about Klieza & Dahntay Jones?
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7-time NBA All-Star
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
Excellent work to backload the contract. This should be just the first move of many this off season.
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I'm on the moon
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
Glad he got paid. I wonder how the nuggets will feel about paying him 8 million dollars in 5 years when he is 36 years old?
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Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
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7-time NBA All-Star
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
![Quote](images/misc/quote_icon.png) Originally Posted by beasted86
What about Klieza & Dahntay Jones?
LK will likely be replaced by Grant Hill if he can be pried from the Celtics, and Jones likely won't be back.
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Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
Seems like that's 5 million too many. 5 yr 20 million should've been his cap. I guess they did it as a goodwill since they paid him peanuts this year...
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PhilLEEs 2011
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
![Quote](images/misc/quote_icon.png) Originally Posted by KeylessEntry
Glad he got paid. I wonder how the nuggets will feel about paying him 8 million dollars in 5 years when he is 36 years old?
That's what I was thinking. How long into that contract before he's no longer "The Birdman"?
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7-time NBA All-Star
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
![Quote](images/misc/quote_icon.png) Originally Posted by KeylessEntry
Glad he got paid. I wonder how the nuggets will feel about paying him 8 million dollars in 5 years when he is 36 years old?
Better than they do paying Kmart 15 mil right now.
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Retired Bloggissist
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
![Quote](images/misc/quote_icon.png) Originally Posted by LateNightNBA
Chris Andersen and the Denver Nuggets have reportedly reached an agreement which will pay the high-energy fan favorite $25,000,000 over a period of 5 years.
The first year is said to be worth $3,000,000 and he will have $8,000,000 coming to him in the final year of the deal.
This can't be true, the maximum amount of yearly raises allowed in NBA contracts is 10.5%.
http://members.cox.net/lmcoon/salarycap.htm#Q46
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NBA sixth man of the year
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
![Quote](images/misc/quote_icon.png) Originally Posted by OneMoreSucka
Excellent work to backload the contract. This should be just the first move of many this off season.
agreed!
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Stare
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
No link, then it didn't happen.
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NBA sixth man of the year
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
![Quote](images/misc/quote_icon.png) Originally Posted by KeylessEntry
Glad he got paid. I wonder how the nuggets will feel about paying him 8 million dollars in 5 years when he is 36 years old?
doesnt matter. hes getting underpaid for a few and then overpaid...overall the deal is fine. id gladly pay him 8 mill in 5 years if he only costs us about 7 between 2008-2011.
besides, look at how many horrible players are overpaid in the nba. especially big men. and half of his salary is paid for by merchandise sales.
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NBA sixth man of the year
Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)
![Quote](images/misc/quote_icon.png) Originally Posted by bagelred
No link, then it didn't happen.
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