The Denver Nuggets announced today that the contracts of executives Rex Chapman and Mark Warkentien will not be extended for the 2010-11 NBA season.

“Mark and Rex have played important roles in our success over the past several seasons,” KSE Executive Vice President Paul Andrews said. “However, after meeting with both individually in recent weeks, we decided it would be best for all parties to go their separate ways. We appreciate everything that each has done for the organization and wish them nothing but the very best in the future.

“We are in the process of evaluating and restructuring the Nuggets front office and have begun a search for possible replacements as we prepare for the upcoming season.”