Vlatko Cancar has signed a new contract with the Nuggets, according to NBA.com’s transactions log.
Details of the deal weren’t released, but as we noted recently, it’s likely a minimum-salary contract that will pay Cancar $2.3M while carrying a $2.09M cap hit.
The 27-year-old power forward became an unrestricted free agent last month when the Nuggets declined their option for next season. However, the two sides continued to negotiate in hopes of keeping him in Denver. They wound up with a new agreement that gives Cancar a slight raise while decreasing his impact on the Nuggets’ cap number.
Cancar missed all of last season with a torn ACL, but he was able to play for Slovenia in this week’s Olympic qualifying tournament and he should be 100 percent when training camp opens in late September.
Cancar has spent his entire NBA career in Denver after being selected with the 49th pick in the 2017 draft. He was an important contributor during the Nuggets’ championship season, appearing in 60 games and averaging 5.0 points, 2.1 rebounds and 1.3 assists in 14.8 minutes per night.
More must-reads: