Denver Signs Nene, Adds Depth to Roster

The Denver Nuggets signed free agent center Nene to a five-year deal worth $67 million. Earlier in the day, the Nuggets’ executive VP of basketball operations, Masai Ujiri acquired SG Rudy Fernandez and F Corey Brewer from the Dallas Mavericks in exchange for a future second round pick.

For the Mavericks, the deal opens more cap space for the summer of 2012 or for possibly acquiring Dwight Howard later this season. Howard recently included the Mavericks as one of the three teams on his “wish list.” Also on the list were the New Jersey Nets and the Los Angeles Lakers as well as his current team, the Orlando Magic.

Nene chooses Denver

The Nuggets added much needed depth to a team that lost three free agents (Wilson Chandler, J.R. Smith, and Kenyon Martin) to China during the NBA lockout. According to’s Marc Stein, the Nuggets still plan on signing Wilson Chandler when his contract in China expires in March. According to CBS Sports’ Ken Berger, the Nuggets are also making good progress in resigning restricted free agent SG Aaron Afflalo.

All in all, the Denver Nuggets reshaped their team resigning the top big man in the 2011 free agent class and adding a quality shooting guard and defensive stopper. They will likely resign Afflalo and include Chandler in March. Not a bad day for the Denver Nuggets.

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