Updated: December 14, 2011, 7:17 am ET

Sources: Nene Re-Signing in Denver

By HOOPSWORLD
Basketball News & NBA Rumors

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.

via Marc Stein of ESPN

Your comments are important to us, so please share your thoughts. We will be rolling out prizes and giveaways for our active Commenters. Please keep the comments above board and respectful to everyone and you could win some great stuff from us at HOOPSWORLD.