Sources: Nene Re-Signing in Denver
The Denver Nuggets have re-signed center Nene to a five-year deal that, according to sources close to the talks, can be worth more than $67 million.
Widely regarded as the No. 1 free agent on the 2011 market, Nene was pursued vehemently by teams such as New Jersey, Houston and Indiana.
But all of his suitors knew that his preference was to stay with the Nuggets, with whom he’s played his whole career.
The deal, sources say, will pay Nene an average of $13.5 million over the next five seasons, which is one season longer than any other team could offer.