Nuggets Rumors

Timberwolves Notes: Nuggets Rivalry, Lore, A-Rod, Lloyd, Jovic

The comments that Nuggets governor Josh Kroenke‘s made to the press last week about the Timberwolves‘ pursuit of longtime Denver executive Tim Connelly will fuel a rivalry between the two division rivals going forward, opines Michael Rand of The Star Tribune. Kroenke spoke about Minnesota coming through the “side door” to land Connelly and suggested that it was a “desperate” move.

“Ultimately when you go to a stratosphere that some clubs, you say some desperate clubs, are willing to go to, there’s a tier out there that just kind of doesn’t make sense,” Kroenke said of the Nuggets’ decision not to match Connelly’s offer from the Wolves, per Mike Singer of the Denver Post.

Rand notes that Denver has now decided to let its lead decision-maker walk twice in the last decade, first with Masai Ujiri, who left for the Raptors in 2013 and won a title with the team in 2019, and now with Connelly.

There’s more out of Minnesota:

  • Incoming Timberwolves owners Alex Rodriguez and Marc Lore seem intent on using their money to improve the Minnesota front office, a ploy that Jim Souhan of the Star Tribune applauds. In addition to luring Connelly away from Denver, Minnesota has added Matt Lloyd and retained Sachin Gupta to the team’s decision-making brain trust.
  • The widely-respected Lloyd learned under a variety of scouting styles while with the Bulls and Magic, write Jon Krawczynski and Josh Robbins of The Athletic. He worked with Chicago from 1999-2012, and started with the Magic as an assistant GM in 2012 before becoming the team’s VP of basketball operations for the 2021/22 season.
  • 18-year-old NBA prospect Nikola Jovic, currently playing for Mega Mozzart of the ABA League, recently worked out for the Timberwolves, according to Darren Wolfson of 5 Eyewitness News (Twitter link). Wolfson is skeptical that the 6’10” wing will still be on the board in time for Minnesota to draft him with the No. 19 pick in the 2022 draft. He is currently listed as the No. 24 top prospect on the latest ESPN big board.

2022 NBA Offseason Preview: Denver Nuggets

After winning his first Most Valuable Player award in 2020/21, Nuggets star Nikola Jokic was even better in ’21/22. And he had to be — with guard Jamal Murray sidelined while recovering from an ACL tear and forward Michael Porter Jr. on the shelf due to back surgery, Denver was missing two of its top three scorers for nearly the entire season.

Given the absences of those two key players, it should have been a lost season for the Nuggets, but Jokic was so good that you got the sense the team still had a chance to make some noise in the playoffs if Murray and Porter could make it back.

Unfortunately, time eventually ran out on the Nuggets’ season before Murray and Porter were ready to return, and despite Jokic’s heroics – and his second consecutive MVP trophy – the club just didn’t have the pieces to keep up with the eventual Western-champion Warriors in the first round of the playoffs.


The Nuggets’ Offseason Plan:

Having a healthy Murray and Porter back in their lineup will go a long way toward turning the Nuggets back into a legitimate contender. But that doesn’t mean the team should be content to sit back and view those returning stars as its offseason “additions.”

Murray and Porter will make the Nuggets’ offense more dangerous, but neither player is an above-average defender, so Denver is in need of one or two more wings who can defend (and ideally who can shoot too).

Newly-promoted head of basketball operations Calvin Booth will be tasked with finding those players, though he’ll have limited resources to do so on the trade market. The Nuggets have given up two future first-round picks and four second-rounders without acquiring any extra picks of their own, reducing the team’s ability to sweeten its offers with draft assets.

That means the Nuggets may have to dangle players like Will Barton, Monte Morris, and possibly Zeke Nnaji as they pursue defensive upgrades. All three are solid contributors on reasonable contracts, but Bones Hyland‘s emergence and Murray’s return should help make at least one of Barton or Morris more expendable.

The Nuggets technically also have the ability to trade the No. 21 overall pick, though they’d have to wait until after the draft to officially move it, due to the rule preventing teams from leaving themselves without a first-rounder in two consecutive future drafts.

It won’t bring back an impact player on its own, but attaching the No. 21 selection to some combination of Barton, Morris, and/or Nnaji would be enough to open up some intriguing possibilities for Denver. On the other hand, the Nuggets’ roster is getting expensive and adding a low-cost rookie could help keep their tax bill in check, so perhaps they’ll hang onto this year’s first-rounder or attempt to move back into the second round rather than trading out of the draft entirely.

Booth and his basketball operations team will have several decisions to make on free agents, including DeMarcus Cousins, Austin Rivers, and Davon Reed. Cousins played well as a backup center behind Jokic and helped bring some toughness to the second unit — I’d expect Denver to try to re-sign him, as long as no other clubs offer him a sizeable raise. The Nuggets only have his Non-Bird rights.

Rivers’ and Reed’s futures could be tied to the Nuggets’ other roster moves. They’ve shown they’re capable of playing rotation minutes, but they’ll be pretty low on the depth chart if Murray, Hyland, Morris, and Barton are all still in the mix and may seek other opportunities in that scenario.

The Greens – JaMychal Green and Jeff Green – could both reach free agency if they turn down their respective player options. I’d consider Jeff far more likely to test the market than JaMychal, given that JaMychal’s option ($8.2MM) is the more expensive of the two and he’s coming off a down year.

Assuming JaMychal opts in, the Nuggets could use his expiring contract to help salary-match in a trade, potentially opening up a larger role for Nnaji. Jeff’s ability to knock down jump shots and guard multiple positions on defense makes him a valuable depth piece, but he’s entering his age-36 season, so the team won’t want to pay him too much more than his option amount ($4.5MM).

Jokic, Murray, and Morris are extension-eligible this offseason, but only Jokic is a sure thing to get a new deal — he and the team are expected to finalize a five-year, super-max agreement that will lock him up through the 2027/28 season. The timing probably isn’t right for an extension for Murray, who hasn’t played in over a year, or Morris, who would be ineligible to be traded for six months if he signs for more money or more years than extend-and-trade rules allow.


Salary Cap Situation

Note: Our salary cap figures are based on the league’s latest projection ($122MM) for 2022/23.

Guaranteed Salary

Player Options

Team Options

  • None

Non-Guaranteed Salary

  • None

Restricted Free Agents

Two-Way Free Agents

Draft Picks

  • No. 21 overall pick ($2,770,920)
  • Total: $2,770,920

Extension-Eligible Players

Note: These are players who are either already eligible for an extension or will become eligible before the 2022/23 season begins.

  • Nikola Jokic (veteran)
  • Monte Morris (veteran)
  • Jamal Murray (veteran)

Unrestricted Free Agents / Other Cap Holds

Offseason Cap Outlook

With $143MM+ in guaranteed money committed to just eight players, the Nuggets are on track to go well beyond the projected luxury tax line of $149MM, so they’ll be limited to the $6.4MM taxpayer mid-level exception unless they shed a contract or two.

Cap Exceptions Available

  • Taxpayer mid-level exception: $6,392,000 3

Footnotes

  1. Porter’s salary will be worth 25% of the salary cap. If the cap ends up above or below $122MM, this figure will be adjusted upward or downward.
  2. The cap holds for Daniels and Jefferson remain on the Nuggets’ books from prior seasons because they haven’t been renounced. They can’t be used in a sign-and-trade deal.
  3. This is a projected value. The Nuggets could instead have access to the full mid-level exception ($10,349,000) and bi-annual exception ($4,050,000) if they remain below the tax apron.

Salary and cap information from Basketball Insiders and RealGM was used in the creation of this post.

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

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.

Josh Kroenke's Presser Delayed Again

  • 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.

Nuggets Notes: Jokic, Connelly, Morris, Booth

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.”

Draft Notes: Ivey, Murray, Sharpe, Daniels, Roddy, Minott, Segu

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.

Kroenke's Press Conference Postponed Due To COVID Positive

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).

Jokic Comfortable With Nuggets’ Direction Following Connelly’s Exit

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.

2021/2022 All-NBA Teams Announced

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.

Nuggets Notes: Connelly, Kroenkes, Offseason

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.