Nuggets' Jonas Valanciunas addresses contract situation

After having avoided directly addressing his contract situation in recent weeks, Nuggets center Jonas Valanciunas offered clarity on his plans for the 2025-26 season in remarks to Donatas Urbonas of BasketNews.com on Monday.

“I want to clear the air about my playing situation next season now that Denver has made their decision to keep me,” Valanciunas said. “The idea of playing for Panathinaikos, closer to home, was very exciting to me, but that will have to wait. I am fully committed to honoring my contract with the Nuggets this season and will give it my all to compete for a championship.”

The Nuggets reached a trade agreement with the Kings on July 1 to acquire Valanciunas in exchange for Dario Saric, solidifying their backup center spot behind Nikola Jokic by landing a player they had reportedly coveted in recent years.

However, the Lithuanian big man’s future became a hot topic of discussion a couple days later when word broke that he was close to accepting a three-year contract offer from the Greek team Panathinaikos.

While it initially appeared that a buyout might be in the works for Valanciunas, the Nuggets made it clear they wanted him to play in Denver in 2025-26. They officially pulled the trigger on the trade on July 13, with general manager Ben Tenzer telling reporters this past Friday that the Nuggets had had “great conversations” with the center and his camp and that Valanciunas had expressed excitement about the upcoming season.

In order to play for Panathinaikos or any other non-NBA club, Valanciunas would have to secure his release from his current contract and then get a letter of clearance from FIBA. With the Nuggets unwilling to buy him out, his only option to force the issue would have been to hold out and not report to his new team. His comments today indicate he won’t be taking that route.

Valanciunas’ contract will pay him $10.4M in 2025-26 and includes a non-guaranteed $10M salary for the 2026-27 season. He’s expected to play a significant role as part of a revamped second unit in Denver that will also include recently added free agents Bruce Brown and Tim Hardaway Jr.