11:37am: The Nuggets officially announced the moves via press release.
8:22am: The Nuggets will waive Robbie Hummel and Nate Wolters, Christopher Dempsey of The Denver Post reports (via Twitter). These moves reduce the team’s roster count to 15 players, which is the regular season maximum. Denver will be on the hook for $50,000 for Wolters and $150,000 for Hummel, provided the players aren’t claimed off waivers by another team.
Hummel played in Italy last season for Emporio Armani Milano. He suffered a shoulder injury midseason and he was released by the team. The Wolves selected the former Purdue star with the No. 58 overall selection in the 2012 draft. He spent two season in Minnesota, averaging 3.9 points and 2.7 rebounds in 14.3 minutes per game.
Wolters, the 38th pick in 2013 draft, played in Turkey last season. He appeared in 58 games with the Bucks, including 31 starts, in 2013/14. He averaged 7.2 points and 3.2 assists that season. He then played another 11 games with Milwaukee the following season and 10 more with the Pelicans off the bench. According to international journalist David Pick (Twitter link), Wolters is headed overseas after agreeing to a contract that is worth $200K-$225K with Red Star Belgrade.