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Old 07-07-2009, 04:06 PM   #1
LateNightNBA
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Default Chris Andersen to re-up with the Nuggets (5 yrs/Up to $26 Mil)

Chris Andersen and the Denver Nuggets have reportedly reached an agreement which will pay the high-energy fan favorite $25,000,000 over a period of 5 years.

Evening update:

Quote:
NBA.com Notebook: Nuggets close to re-signing Andersen
By NBA.com staff reports
Posted Jul 7 2009 5:45PM

The Nuggets and free agent center Chris Andersen are very close to a contract extension that will keep the NBA's second-leading shotblocker in Denver on a multi-year deal. The amicable discussions have gone on since the weekend, and the new deal could be completed as early as Wednesday, after the official 2009-10 salary cap numbers are known. Those numbers, including the cap figure and the exact amount of exceptions to the cap, should be released late Tuesday.

Because Andersen does not have "Larry Bird" rights in Denver, the only way the Nuggets can re-sign him is via the mid-level exception. A source with knowledge of the discussions said Tuesday that Andersen will likely not get the full mid-level exception (this year's was $5.585 million) from the Nuggets, but that Andersen's camp was hoping to get a deal done that would pay Andersen an amount similar to the full mid-level over the life of the deal, which would be a little more than $32 million using last year's numbers.

"I think what we're trying to do is make things work for each other," the source said. "There's mutual respect between Chris and the Nuggets."

Because Denver is already perilously close to paying luxury tax next season -- the Nuggets have already committed $70 million in salaries to 10 players, including first-round pick Ty Lawson, and last year's tax threshhold of $71.15 million is likely to come down for 2009-10 -- the Nuggets are trying to back-load Andersen's deal, paying him less up front and more of the deal in the final few years.

Andersen has found a home in Denver, where he played early in his career, and where he returned last season after a brief stint in New Orleans toward the end of the 2008-09 season. He came back to the Hornets after serving a two-year suspension by the league for substance abuse, but wasn't in shape and didn't play much. Last season he came back strong, drawing a cult following in Denver for his defense and rebounding off the bench for the Nuggets. Re-signing him is their top offseason priority.

-- David Aldridge

Early Wednesday Update:
Quote:
"Birdman" re-signing with Nuggets
Denver retains fan favorite with five-year deal starting at $3.7 million
By Benjamin Hochman
The Denver Post

Posted: 07/07/2009 09:31:41 PM MDT
Updated: 07/08/2009 12:09:35 AM MDT

Get ready to flap your wings again. "The Birdman" is back.

Chris Andersen and the Nuggets have agreed on a five-year contract that could earn Andersen up to $26 million, the player's manager, Mark Bryant, said Tuesday night. This locks in one of Denver's most popular athletes for the next half-decade.

"We're ecstatic to stay in the community," Bryant said.

Andersen will make $3.7 million next season in his backloaded and incentive-based contract, which will help the Nuggets financially. They entered this free-agency period over the NBA luxury tax line of $69.92 million, which was announced Tuesday.

Andersen can officially sign today. He was on vacation Tuesday, his 31st birthday, and couldn't be reached to comment.

Andersen, an unrestricted free agent, had inquiries from numerous NBA teams but had said all along he wanted to return to the Nuggets. Last season, Andersen ranked second in the NBA with an average of 2.5 blocked shots and was the Nuggets' top post player off the bench. He averaged 6.4 points and a career-high 6.2 rebounds, and his colorful personality as well as his colorful tattoos and spiked hair made him a fan favorite.

"The Birdman" was the Nuggets' top priority heading into the free-agency period. NBA teams could begin negotiating with players last Wednesday, and players can officially sign today. Nuggets vice president of basketball operations Mark Warkentien has been in Los Angeles negotiating with Bryant and Steven Heumann, two Andersen representatives.

Andersen adores the Denver community. In August he will host a youth basketball camp (www.birdmancamp.com). He would have hosted the camp regardless of which team he signed with, but now the Nugget will be able to teach future Birdmen (and women) in the Denver area.

Benjamin Hochman: 303-954-1294 or bhochman@denverpost.com

Wednesday NBA.com Update:

Quote:
Nuggets keep Birdman in their nest with 5-year deal

Posted Jul 8 2009 2:25PM

DENVER (AP) -- Chris "Birdman" Andersen has reached a five-year deal to keep his high-flying, shot-blocking act with the Denver Nuggets, a team he revived his career with last season.

Andersen's attorney, Mark Bryant, confirmed the agreement on Wednesday, saying it could be signed later in the day. The deal was first reported by the Denver Post.

Andersen, who turned 31 on Tuesday, could make up to $26 million over the lifetime of a back-loaded contract that gives the Nuggets financial flexibility.

He'll make close to $3.65 million in 2009-10, up from the $998,398 he made last season, when he averaged 6.4 points and 2.5 blocks in 20.6 minutes.

"You write the best-case scenario, think you're dreaming and open your eyes and it's real," Bryant said. "He's very excited. They treated him as a priority."

With his colorful tattoos and spiky hair, Andersen was an instant hit with Denver fans, who've embraced his return to the court.

Andersen came back to the NBA in 2008 following a ban that lasted almost two years after he tested positive for an undisclosed "drug of abuse."

The energetic forward known for his defensive disruption around the basket provided a spark off the bench as the Nuggets made a run to the Western Conference finals, where they fell to the Los Angeles Lakers in six games.

He swatted 175 shots in the regular season, second only to Orlando Magic All-Star Dwight Howard -- in far less minutes.

Andersen began his career in Denver in 2001, before bolting to New Orleans three seasons later.

He had a breakout season with the Hornets 2004-05, only to have his career derailed by drugs.

Following his ban, Andersen returned to New Orleans late in the 2007-08 season, playing five games and blocking four shots.

Several teams offered him NBA minimum contracts before the 2008 season, but he elected to play in Denver, where he lives.

Andersen replaced Marcus Camby's shot-blocking presence in the middle, adding a big dose of energy as well -- swooping his arms after big plays.

The fans ate it up. Some of Anderson's flock would even arrive at Pepsi Center wearing feathery costumes and spiky hair.

Andersen received a raucous ovation whenever he entered the game.

"They've really embraced him," Bryant said of his legion of fans. "I think it's a win-win [situation]. They (the Nuggets) wanted him and he wanted to be here."

Last edited by LateNightNBA : 07-08-2009 at 04:02 PM.
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Old 07-07-2009, 04:07 PM   #2
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

Not bad. Hopefully after getting this contract he doesnt flop.
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Old 07-07-2009, 04:07 PM   #3
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

What about Klieza & Dahntay Jones?
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Old 07-07-2009, 04:08 PM   #4
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)



Excellent work to backload the contract. This should be just the first move of many this off season.
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Old 07-07-2009, 04:08 PM   #5
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

Glad he got paid. I wonder how the nuggets will feel about paying him 8 million dollars in 5 years when he is 36 years old?
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Old 07-07-2009, 04:08 PM   #6
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

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Old 07-07-2009, 04:09 PM   #7
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

Quote:
Originally Posted by beasted86
What about Klieza & Dahntay Jones?
LK will likely be replaced by Grant Hill if he can be pried from the Celtics, and Jones likely won't be back.
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Old 07-07-2009, 04:10 PM   #8
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

Seems like that's 5 million too many. 5 yr 20 million should've been his cap. I guess they did it as a goodwill since they paid him peanuts this year...
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Old 07-07-2009, 04:10 PM   #9
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

Quote:
Originally Posted by KeylessEntry
Glad he got paid. I wonder how the nuggets will feel about paying him 8 million dollars in 5 years when he is 36 years old?
That's what I was thinking. How long into that contract before he's no longer "The Birdman"?
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Old 07-07-2009, 04:11 PM   #10
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

Quote:
Originally Posted by KeylessEntry
Glad he got paid. I wonder how the nuggets will feel about paying him 8 million dollars in 5 years when he is 36 years old?
Better than they do paying Kmart 15 mil right now.
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Old 07-07-2009, 04:12 PM   #11
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

Quote:
Originally Posted by LateNightNBA
Chris Andersen and the Denver Nuggets have reportedly reached an agreement which will pay the high-energy fan favorite $25,000,000 over a period of 5 years.

The first year is said to be worth $3,000,000 and he will have $8,000,000 coming to him in the final year of the deal.

This can't be true, the maximum amount of yearly raises allowed in NBA contracts is 10.5%.

http://members.cox.net/lmcoon/salarycap.htm#Q46
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Old 07-07-2009, 04:12 PM   #12
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

Quote:
Originally Posted by OneMoreSucka


Excellent work to backload the contract. This should be just the first move of many this off season.

agreed!
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Old 07-07-2009, 04:12 PM   #13
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

No link, then it didn't happen.
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Old 07-07-2009, 04:14 PM   #14
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

Quote:
Originally Posted by KeylessEntry
Glad he got paid. I wonder how the nuggets will feel about paying him 8 million dollars in 5 years when he is 36 years old?

doesnt matter. hes getting underpaid for a few and then overpaid...overall the deal is fine. id gladly pay him 8 mill in 5 years if he only costs us about 7 between 2008-2011.

besides, look at how many horrible players are overpaid in the nba. especially big men. and half of his salary is paid for by merchandise sales.
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Old 07-07-2009, 04:14 PM   #15
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Default Re: Chris Andersen to re-up with the Nuggets (5 yrs/$25 Mil)

Quote:
Originally Posted by bagelred
No link, then it didn't happen.

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