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Nuggets’ Josh Kroenke: “It’s Championship Or Bust”

June 3rd, 2022 at 10:55pm CST by Rory Maher

In a wide-ranging conversation with the media on Friday following Tim Connelly‘s exit to Minnesota, Nuggets governor Josh Kroenke said he has championship expectations going forward, according to an ESPN report.

“We’re entering a new phase of the organization, and with this squad in particular, which is: It’s championship or bust. And this is the first time those words have been uttered around these halls, I think,” Kroenke said.

“We have a two-time MVP, we have two more All-Star-caliber players coming off injuries,” Kroenke said, referring to Nikola Jokic, Michael Porter Jr. and Jamal Murray. “And I think that we are poised in a way that perhaps this organization hasn’t been in the past.

“And that excites me. But that brings a lot of pressure. We’re no longer the underdog that’s kind of the lovable guys that are bouncing along from Denver, Colorado. I think that when we get healthy and show what we’re capable of, we will have a target on our back.”

Kroenke said he doesn’t regret signing Porter to a five-year, $172MM contract extension last summer, despite him only playing nine games in 2021/22.

“I’d say we’re concerned about his injuries, not concerned about the contract,” Kroenke said, per ESPN.

He also said the team was prepared to pay the luxury tax, as Mike Singer of The Denver Post relays.

“Yeah, I mean, I think that you know, first of all, my dad (Stan Kroenke) is the owner. I’m just making sure I don’t screw everything up on a day-to-day basis. … If you’ve drafted well, you better be ready to pay that tax, and we’re ready to pay that tax,” Kroenke said.

Here’s more from Kroenke’s press conference:

  • Kroenke endorsed GM Calvin Booth to replace Connelly as the top basketball decision-maker going forward. “I’ve always thought very highly of Calvin, I think he’s going to do a wonderful job for us,” Kroenke said, per Singer. “… He’s got a great mind and I think he’s open to suggestions but he showed me that he can make ruthless decisions when he needs to.”
  • The team sent out a tweet to leave no doubt about who will be in charge of the front office. “At the top of the org chart, it’s going to be Calvin Booth,” Kroenke said.
  • Multiple sources told Singer that Booth doesn’t have much “contractual security” as he transitions to the lead basketball executive, so Kroenke was asked if he was committed to Booth long-term. Kroenke suggested an extension could be coming soon. “Calvin and I are going to be sitting down, our whole front office and I will be sitting down in the very near future,” he said. “… We’re all talking and I think those guys know where they sit, and we’ll have some more announcements and some more information coming in the very near future.”
  • Kroenke said he regretted giving Connelly an opt-out clause after three years when the Nuggets gave him a contract extension in 2019, according to Singer. “I put that in his contract never anticipating that he would opt out and go to another NBA team and that’s what happened,” he said. “There was an option in his contract, he chose to exercise that option. And there was a major offer out there for him.”
  • Kroenke reiterated that the Nuggets made Connelly a competitive offer to stay in Denver, and said Minnesota’s offer was definitely unwelcome from his perspective. “Tim was under contract, the offer kind of came in through the side door, as they always seem to do in the NBA,” he said, per ESPN. “And so once those type of numbers start getting thrown around and get into someone’s head, it becomes very difficult to contain. I felt that we made a very competitive offer that would have allowed him to feel good about staying in Denver, and ultimately he felt that some of the upside there on the back end through some of the bonus schemes were probably too good to pass up for his family.” As Singer writes, Kroenke also twice characterized a team willing to pay significant money to poach a rival executive as “desperate.”
  • A new practice facility could be in store for Denver, says Kroenke, but Singer notes that the team’s governor made a similar statement five years ago and there’s been essentially no progress since.
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Josh Kroenke's Presser Delayed Again

June 1st, 2022 at 3:58pm CST by Luke Adams
  • The media availability for Nuggets governor Josh Kroenke, who is expected to address Tim Connelly‘s departure, was postponed again, according to Mike Singer of The Denver Post (Twitter link). Kroenke was originally scheduled to speak last Thursday, then had that session tentatively pushed back to Tuesday after he tested positive for COVID-19. It will likely happen later this week once he clears the health and safety protocols, says Singer.
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Nuggets Notes: Jokic, Connelly, Morris, Booth

May 27th, 2022 at 11:00am CST by Luke Adams

Echoing Mike Singer’s reporting from earlier this week, Shams Charania and Sam Amick of The Athletic confirm that Nikola Jokic remains fully committed to the Nuggets and intends to sign a five-year, super-max extension this offseason.

According to The Athletic’s duo, Jokic’s brothers Strahinja and Nemanja have met with general manager Calvin Booth and assistant GM Tommy Balcetis in the days since Tim Connelly‘s departure to discuss the team’s future, while Booth and head coach Michael Malone have spoken on the phone to Jokic, who is in Serbia. Everyone is in the same page going forward, per Charania and Amick.

As the Nuggets continue to build around Jokic, Jamal Murray, and Michael Porter Jr., the focus for Booth and the new-look front office this offseason will be to add long, versatile, defensive-minded players, sources tell The Athletic.

The team will be open to surrendering more of its draft assets if that helps open up favorable opportunities to acquire win-now talent, according to Charania and Amick, since the goal is to compete for a championship and make the most of Jokic’s prime years.

Here’s more on the Nuggets:

  • The Timberwolves’ willingness to include equity in their offer to Connelly was viewed by the Nuggets as an obstacle they couldn’t overcome, say Charania and Amick. In addition to the Nuggets, the Kroenkes own franchises in other sports – including the NFL’s Rams and the NHL’s Avalanche – and had no interest in setting a new precedent on equity that might affect future negotiations with team executives.
  • John Hollinger of The Athletic takes a close look at the Nuggets’ situation going forward, wondering if the team will be open to trading Will Barton and/or Monte Morris this offseason. Hollinger suggests Morris could be more expendable due to Murray’s return and Bones Hyland‘s emergence.
  • Within his story, Hollinger notes that Connelly’s salary during his last season in Denver put him in the bottom half of the NBA’s lead basketball executives and suggests that the Nuggets have a history of investing minimally in their basketball operations department and organizational infrastructure.
  • Mike Singer of The Denver Post takes a closer look at what Calvin Booth will bring to the Nuggets’ head of basketball operations job, speaking to several people who have worked with him over the years. One source told Singer that Booth is more “structured” than Connelly and predicted he’ll have a lower tolerance for “locker room headaches.”
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Draft Notes: Ivey, Murray, Sharpe, Daniels, Roddy, Minott, Segu

May 26th, 2022 at 10:46pm CST by Dana Gauruder

While Chet Holmgren, Jabari Smith and Paolo Banchero are the consensus top three prospects in this year’s draft, it’s rare that the top three picks in a draft end up being the three players who enjoy the best pro careers, according to ESPN’s Jonathan Givony and Mike Schmitz.

The ESPN duo identifies Jaden Ivey, Keegan Murray, Shaedon Sharpe and Dyson Daniels as the other prospects who are the best bets to emerge as top-three players from the 2022 draft class, breaking down the strengths of that quartet and considering which lottery teams might benefit the most from their talents.

We have plenty of draft-related news to pass along:

  • Colorado State’s David Roddy has worked out for the Magic, Nuggets and Rockets, Darren Wolfson of KSTP tweets. The power forward is ranked No. 47 on ESPN’s Best Available list.
  • Memphis forward Josh Minott has workouts lined up with the Magic, Raptors, Hawks, Spurs, Bulls and Hornets, Adam Zagoria of Zagsblog.com tweets. Minott is ranked No. 48 on ESPN’s Best Available list.
  • Buffalo guard Ronaldo Segu will continue to pursue professional opportunities and forgo his remaining year of college eligibility, Jon Rothstein of CBS Sports tweets. He averaged 14.9 PPG and 5.1 APG last season.
  • Nathan Mensah is withdrawing from the draft and returning to San Diego State, the school announced in a press release. Mensah is the reigning Mountain West Defensive Player of the Year.
  • Josh Mballa is pulling out of the draft and transferring from Buffalo to Ole Miss, Jeff Goodman tweets. Mballa averaged 13.0 PPG and 8.6 RPG last season.
  • Texas Tech guard Adonis Arms has workouts scheduled with the Nuggets, Pistons, Pelicans, Magic and Jazz, Keith Smith of Spotrac tweets.
  • Northern Colorado’s Bodie Hume will remain in the draft, Rothstein adds in another tweet. The senior forward averaged 11.0 PPG and 6.2 RPG last season.
  • Potential top-10 selection Johnny Davis wants to model his game after Devin Booker. Another potential top-10 pick, Daniels, believes he’s a combination of Tyrese Haliburton offensively and Alex Caruso or Lonzo Ball defensively. Numerous draft prospects told The Athletic’s Mike Vorkunov which NBA players they most closely resemble or strive to be.
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Kroenke's Press Conference Postponed Due To COVID Positive

May 26th, 2022 at 9:15pm CST by Dana Gauruder

Timberwolves owner Glen Taylor has forged a sound working relationship with minority owners Marc Lore and Alex Rodriguez, proven by their successful recruitment of Denver’s Tim Connelly to head up their front office, The Athletic’s Jon Krawczynski writes. Taylor, who allowed the duo to design an offer that would be very difficult for the Nuggets to match, enjoys the ambition and energy of Lore and A-Rod and has gained confidence in their ability to complete a major transaction.

  • The press conference involving Nuggets president/governor Josh Kroenke has been postponed after he recently tested positive for COVID-19. He is one of several members of the organization to test positive this week, according to the team. The press conference, scheduled for today, has been tentatively moved to Tuesday, according to the Denver Post’s Mike Singer (Twitter links).
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Jokic Comfortable With Nuggets’ Direction Following Connelly’s Exit

May 25th, 2022 at 12:48pm CST by Luke Adams

Star center Nikola Jokic is comfortable with the Nuggets‘ direction following the abrupt departure of president of basketball operations Tim Connelly for Minnesota, reports Mike Singer of The Denver Post.

As Singer details, Nuggets management has been in contact with Jokic this week, speaking to him over the phone to allay any concerns he might have about Connelly’s exit.

Singer previously reported that Connelly had created a positive work environment in Denver and had earned the trust of the Nuggets’ top players, including Jokic. With the 27-year-old entering a contract year and eligible for a five-year super-max extension this offseason, it made sense to gauge his feelings on the front office situation, especially since some reports have blamed Connelly’s departure on team ownership’s unwillingness to make a competitive counter-offer.

While it may not have been realistic to expect Denver to match a Minnesota offer that reportedly include ownership equity, the Nuggets will want to assure Jokic that they remain willing to spend what it takes to build a title contender.

For his part, Jokic has said he intends to sign his super-max extension once the Nuggets officially put the offer on the table, which they’re expected to do as soon as the CBA allows. With general manager Calvin Booth considered likely to take over for Connelly as the head of basketball operations in Denver, there’s no indication that the team’s or the two-time MVP’s stance on that super-max deal has changed.

Nuggets governor Josh Kroenke is scheduled to speak to reporters on Thursday for the first time in several years, says Singer.

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2021/2022 All-NBA Teams Announced

May 24th, 2022 at 7:55pm CST by Alex Kirschenbaum

The 2021/22 All-NBA teams have officially been announced by the NBA. For the fourth straight season, Bucks All-Star forward Giannis Antetokounmpo was unanimously selected to the All-NBA First Team by a voter panel of 100 media members. Antetokounmpo, 27, is making his sixth All-NBA team overall.

Antetokounmpo, reigning MVP Nuggets center Nikola Jokic, and Mavericks point guard Luka Doncic received the most votes. Suns All-Star shooting guard Devin Booker and Sixers All-Star center Joel Embiid rounded out the list of top five vote-getters. Because the All-NBA teams, unlike the All-Star squads, require just one center per team, Embiid was relegated to an All-NBA Second Team placing.

Below is a list of the three All-NBA teams. Vote tallies are listed in parentheses next to player names. Five points were awarded to players for a First Team Vote, three points netted for a Second Team vote, and one for a Third Team vote. Antetokounmpo earned a perfect 500 points.

All-NBA First Team

All-NBA Second Team

All-NBA Third Team

Jazz center Rudy Gobert and shooting guard Donovan Mitchell, Heat center Bam Adebayo and small forward Jimmy Butler, Celtics swingman Jaylen Brown, Bucks guards Khris Middleton and Jrue Holiday, Grizzlies shooting guard Desmond Bane, Suns small forward Mikal Bridges, Spurs point guard Dejounte Murray, and Raptors point guard Fred VanVleet all received All-NBA votes. Surprisingly, Nets point guard Kyrie Irving, who played in just 29 games this season, also received a single vote.

As we previously outlined, the All-NBA selections come with significant financial ramifications. As a result of being named to All-NBA teams, Booker and Towns have become eligible for super-max extensions that would begin in 2024/25. If they’re signed this offseason, those deals would be for four years and would start at 35% of the ’24/25 cap. According to Bobby Marks of ESPN (via Twitter), they currently project to be worth $211MM apiece.

Young’s five-year contract extension, which was signed last August and will go into effect in 2022/23, will now be worth 30% of next season’s cap instead of 25% by virtue of his All-NBA selection. Based on a projected $122MM cap, that means it’ll be worth about $212MM instead of $177MM.

Jokic had already met the super-max requirements prior to this announcement, since he won last year’s MVP award — he’s eligible to sign a five-year, super-max extension this offseason and has said he plans to do so. Doncic, who signed a maximum-salary contract extension last summer, also previously met the super-max criteria by earning All-NBA nods in 2020 and 2021.

Notable players who are not eligible this offseason for super-max deals include Morant and Bulls shooting guard Zach LaVine. As Marks tweets, Morant needs to make the All-NBA team again in 2023 to qualify for a starting salary worth 30% of the cap (instead of 25%) on his next deal.

LaVine, a free agent this offseason, would have been eligible to earn up to 35% of next season’s cap from the Bulls if he had made an All-NBA team, but will instead be able to earn no more than 30% of the ’22/23 cap on his next contract.

With their inclusions, Morant, Booker, and Young are making their All-NBA team debuts. Meanwhile, on the other side of the NBA aging curve, two 37-year-old veterans further cemented their Hall of Fame credentials during the 2021/22 season. James made his 18th All-NBA team, while Paul was named to his 11th All-NBA team.

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Nuggets Notes: Connelly, Kroenkes, Offseason

May 24th, 2022 at 5:30pm CST by Luke Adams

The Timberwolves‘ interest in longtime Denver executive Tim Connelly was known two weeks ago when a Nuggets traveling party went to Serbia to surprise Nikola Jokic with his MVP award, writes Mike Singer of The Denver Post. At the time, there was some hope that a new deal between Connelly and the Nuggets could be struck, but Minnesota’s momentum began picking up shortly thereafter.

During the two days between Connelly’s meeting with Timberwolves owner Glen Taylor on Saturday and his decision to accept Minnesota’s offer on Monday, there was some hope within the Nuggets’ organization that the Kroenkes might find a way to keep Connelly, according to Singer. The team did make a counter-offer, but there was a “significant gap” between Denver’s offer and Minnesota’s, a source told The Denver Post.

Interestingly, one source with knowledge of the situation told Singer that if the decision on Connelly’s future had been entirely up to Josh Kroenke, Connelly probably wouldn’t have gone anywhere. In other words, it sounds like Josh may have been more willing to step up financially than his father Stan Kroenke, who also let Masai Ujiri walk in a similar situation nine years ago.

Here’s more on the Nuggets:

  • Nuggets ownership didn’t learn anything from having nearly lost Connelly to the Wizards in 2019, according to Harrison Wind of TheDNVR.com, who argues that Stan Kroenke still doesn’t value his top basketball executives and “skimps on line items that rival organizations would deem as necessities.”
  • The Nuggets are on the precipice of championship contention, but they’re not there yet, Singer writes for The Denver Post. The team could badly use at least one more wing defender, Singer notes, adding that it will be interesting to see if general manager Calvin Booth – who is expected to become Denver’s head of basketball operations – will value pieces like Bones Hyland, Zeke Nnaji, and this year’s No. 21 pick any differently than Connelly would have.
  • Kevin O’Connor of The Ringer takes his own look at the Nuggets’ offseason to-do list, writing that the club needs to surround Jokic with better shooters and perimeter defenders. O’Connor also suggests that Jokic should wait to see what moves Denver makes before locking in his five-year, super-max extension, but acknowledges that he’d be surprised if the two-time MVP doesn’t sign his new deal early in the offseason.
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Tim Connelly Named Timberwolves’ President Of Basketball Operations

May 23rd, 2022 at 6:06pm CST by Luke Adams

6:06pm: The Timberwolves have officially named Connelly their president of basketball operations, according to a team press release.

“We are thrilled to announce Tim Connelly as the next leader of our basketball operations department and welcome his family to the Twin Cities,” the team said in a statement attributed to ownership. “He brings a wealth of NBA front office experience with various franchises. We look forward to building upon our most recent playoff run and bringing more success to Timberwolves fans for years to come.” 

“My family and I couldn’t be more excited to join the Timberwolves organization,” Connelly said in a statement. “I appreciate Glen, Becky, Marc and Alex’s confidence in me to lead this organization and I can’t wait to get to work to build an elite franchise that our fans can continue to be proud of.” 

2:28pm: Nuggets president of basketball operations Tim Connelly will be leaving Denver for Minnesota, according to Adrian Wojnarowski of ESPN (Twitter link), who reports that Connelly and the Timberwolves have agreed to a deal that will make him one of the NBA’s highest-paid executives.

Connelly’s new contract as the Wolves’ president of basketball operations will cover five years and will be worth $40MM, per Shams Charania and Jon Krawczynski of The Athletic. The agreement will also include a kicker for ownership equity, The Athletic’s duo adds.

After Timberwolves minority owners Marc Lore and Alex Rodriguez initiated talks with Connelly and presented him with a preliminary offer, the longtime Nuggets executive flew to Minnesota on Saturday and had a four-hour meeting with majority owner Glen Taylor, according to The Athletic (Twitter link). Taylor signed off on the offer, and Connelly subsequently took two full days to deliberate before accepting the job on Monday.

Connelly had been the head of basketball operations in Denver since 2013, following Masai Ujiri‘s departure for Toronto. He reportedly had a significant impact on the Nuggets’ culture, empowering coaches, staffers, and players while creating a positive work environment.

His loyalty to Denver and his comfort level with Nuggets ownership made it a difficult decision to leave for Minnesota, according to Charania and Krawczynski, who say Connelly’s new contract more than doubles his previous salary — the equity component also makes the deal substantially more lucrative.

Mike Singer of The Denver Post confirms that financial compensation was a significant factor in Connelly’s decision to leave Denver and join a division rival, since he hadn’t been eager to depart. According to Wojnarowski (Twitter link), the Nuggets made a bid to retain Connelly that would’ve significantly increased his salary, but Woj describes the ownership equity in Minnesota as “life-changing money” for the veteran executive.

The Wolves, who dismissed Gersson Rosas shortly before the 2021/22 season began, had been in the market for a big-name executive to fill the president of basketball operations role on a permanent basis. With Lore and Rodriguez expected to take over majority control of the franchise in 2023, they wanted to “change the narrative” around a team that has often been overlooked nationally, according to Charania and Krawczynski.

Executive VP of basketball operations Sachin Gupta, who ran the Timberwolves’ front office on an interim basis following Rosas’ ouster, remains part of the long-term vision in Minnesota, sources tell The Athletic. While Connelly will likely make some hires of his own, it sounds as if there are no plans to move on from Gupta or head coach Chris Finch, who was previously an assistant coach in Denver.

The Nuggets, meanwhile, are considered likely to promote general manager Calvin Booth to run their front office, Charania reports (via Twitter).

The club has produced a series of successful basketball executives across the last decade, including Ujiri, Connelly, and Arturas Karnisovas, the GM in Denver before leaving to become the Bulls’ president of basketball operations. There’s a belief within the organization that Booth – a rising talent well-respected around the NBA – is capable of carrying that torch going forward, Charania notes.

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Draft Notes: Sochan, Combine, Withdrawals, Davison

May 23rd, 2022 at 9:14am CST by Luke Adams

The Pelicans and Nuggets are among the teams believed to have interest in Baylor forward Jeremy Sochan, while the Spurs are viewed as a “strong fit” for him, Mike Vorkunov of The Athletic writes in his recap of last week’s draft combine.

According to Vorkunov, one team executive put Sochan’s floor at the No. 12 pick, which means the Nuggets – who control No. 21 – would have to trade up if they want a shot at him. He’s far more likely to be available for the Pelicans (No. 8) or Spurs (No. 9).

Vorkunov’s article includes several more tidbits on the combine, including a look at some of the more outside-the-box questions teams asked in their interviews with prospects. According to Vorkunov, one club challenged Christian Braun to repeated staring contests, while the Nuggets told players during their meetings that if they could name enough players on the club’s roster, one of their team officials would do push-ups.

Here’s more on the 2022 NBA draft:

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