The Nuggets and Jonas Valanciunas have agreed to restructure the final year of the veteran center’s contract, reports Jake Fischer of The Stein Line (Substack link).
As Fischer details, Valanciunas’ deal runs through 2026/27, but his entire $10MM salary would have been non-guaranteed if he was waived by June 29 — the two sides have agreed to push back that trigger date to July 8.
According to Fischer, the amended terms of Valanciunas’ contract now call for the Lithuanian big man to earn a partially guaranteed $2MM (as opposed to zero) if he’s waived before July 8, which is why he agreed to the arrangement.
The restructured deal gives the Nuggets more time to decide what to do with Valanciunas, who could be an appealing trade option for teams looking to trim salary next summer, Fischer writes. The 33-year-old will also be extension-eligible in the offseason if his deal is guaranteed, Fischer adds.
It’s worth noting that Valanciunas reportedly wanted to sign with Greek powerhouse Panathinaikos over the summer, but the Nuggets wouldn’t agree to a buyout because they had just traded for him and viewed him as an ideal backup to Nikola Jokic. So the fact that Valanciunas could potentially hit free agency much later than other players — after the July moratorium — may not matter much to him if he intends to finish his career overseas anyways.
In seven games with Denver this season, Valanciunas has averaged 8.3 points and 4.6 rebounds in 11.9 minutes per contest.