Having successfully re-signed both Nikola Jokic and Will Barton, the attention of the Nuggets’ brass has shifted towards shedding salary. Early Tuesday afternoon, ESPN’s Adrian Wojnarowski confirmed that Denver has succeeded in moving one of their unwanted contracts—the Nuggets will send Wilson Chandler to the Philadelphia 76ers along with a second round pick in 2021 and the right to swap another 2nd round pick in 2022.
Denver has traded Wilson Chandler and a draft consideration to the 76ers, league sources tell ESPN. Chandler will be absorbed into the Sixers space.— Adrian Wojnarowski (@wojespn) July 3, 2018
Moving off one of Kenneth Faried, Darrell Arthur or Wilson Chandler’s contracts was of the utmost importance after retaining the services of Will Barton. That contract would have pushed them into dangerous territory as luxury tax payers, but this move makes that penalty a much easier one to swallow for Josh Kroenke.
Trading Wilson Chandler to Philadelphia will save Denver $50M in combined salary and luxury tax. The Nuggets tax bill now drops from $51.3M to $14.3M. The $12.8M Chandler contract can be traded immediately without any restrictions because Philadelphia acquired him with room.— Bobby Marks (@BobbyMarks42) July 3, 2018
With Chandler gone, Denver can comfortably move forward with a unit that flirted with 50 wins in last year’s brutal Western Conference. They may have missed the playoffs, but they feel they are close to turning a corner and now they don’t have to pay a $40+ Million bill to run it back.
Faried was the name that many had circled as the likely salary dump, but the Nuggets have had trouble finding a suitor thanks to his unfortunate contract. There were rumors that Denver considered attaching 2018’s first round pick to make it happen—something that fans should be relieved not to have gone down. Not only was Denver able to move another player, the cost to move Chandler was minimal.
The 76ers are acquiring Wilson Chandler, a 2021 second round pick and the rights to swap 2022 second round picks with the Nuggets for minimal cash considerations, per source.— Jake Fischer (@JakeLFischer) July 3, 2018
Keeping their first round picks is huge, but they were also able to move a contract without including a sweetner like Trey Lyles, Malik Beasley or Juancho Hernangomez. Those players are still available as both an on the court product and an asset in future negotiations should they attempt to move another contract.