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Nuggets pick up Paul Millsap’s $30 million team option, league source confirms

The Nuggets always wanted to keep veteran power forward Paul Millsap. It was just a matter of the financial mechanics.

The Nuggets picked up the final year of Paul Millsap’s $30 million team option on Saturday morning, a league source confirmed to The Denver Post.

The Nuggets considered a longer deal at a lower annual salary, according to a league source, but this move allows Denver to maintain financial flexibility heading into next summer. It also means the Nuggets won’t be paying Millsap at an inflated salary for the next few years when Jamal Murray, Malik Beasley and Juancho Hernangomez are due for raises.