The Philadelphia 76ers acquired forward Wilson Chandler and a future second-round pick from the Denver Nuggets for cash considerations, according to multiple reports on Tuesday.
According to ESPN, the Nuggets will save a combined $50 million in salary and luxury tax from the deal, including lowering their tax bill from $51.3 million to $14.3 million.
Denver has been trying to unload salary to lessen its tax penalty after signing Nikola Jokic and Will Barton to extensions earlier this week. Chandler is due $12.8 million in 2018-19 after he opted into the final season of a four-year, $46 million pact last month.
Chandler, 31, averaged 10.0 points and 5.4 rebounds in 74 games (71 starts) last season, marking his lowest scoring average over a full year (minimum 40 games) since his rookie campaign of 2007-08. He averaged 14.1 points and 5.7 rebounds over his previous five seasons with the Nuggets, excluding the 2015-16 campaign he missed entirely due to a hip injury.
For his career, Chandler has averaged 13.5 points and 5.4 rebounds in 590 games (447 starts) with the Nuggets and New York Knicks.
The Nuggets are expected to shed more salary this offseason, with power forwards Kenneth Faried and Darrell Arthur as likely candidates and center Mason Plumlee also a possibility. If Faried and Arthur are dealt, the Nuggets' longest-tenured player would be 23-year-old Gary Harris, a first-round pick from 2014.
The 76ers' addition of Chandler is their first since free agency opened on Sunday. Philadelphia also brought back guard JJ Redick while saying goodbye to Ersan Ilyasova (Bucks) and Marco Bellineli (Spurs).
--Field Level Media