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Nuggets sign Wilson Chandler to four-year, $46 million extension

Los Angeles Clippers v Denver Nuggets

DENVER, CO - DECEMBER 19: Wilson Chandler #21 of the Denver Nuggets takes a shot against the Los Angeles Clippers at Pepsi Center on December 19, 2014 in Denver, Colorado. The Nuggets defeated the Clippers 109-106. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Doug Pensinger/Getty Images)

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The Nuggets haven’t done much so far this summer as far as adding talent, but they’ve kept one of their key pieces around long-term. The team announced in a press release on Saturday evening that veteran forward Wilson Chandler has signed a multi-year extension:

After restructuring his deal, the Denver Nuggets have signed forward Wilson Chandler to a multi-year contract extension, General Manager and Executive Vice President of Basketball Operations Tim Connelly announced today.

Chandler, 6-8, 225, appeared in 78 games (75 starts) for Denver last season, averaging 13.9 points, 6.1 rebounds and 1.8 assists in 31.7 minutes per game. Chandler has spent the last five seasons as a member of the Nuggets after being acquired via trade in 2011.

Yahoo’s Adrian Wojnarowski reports that Chandler’s new deal is for $46 million over four years:

The direction of the Nuggets as a franchise is hard to read right now. As currently constructed they have too much talent to truly tank but not enough to make a serious playoff run. You have to think Ty Lawson is getting traded at some point (he’s been disgruntled for a while, and they took fellow point guard Emmanuel Mudiay with the seventh overall pick in last month’s draft), and maybe Kenneth Faried as well. But regardless of how they’re going to use him, getting Chandler for $11.5 million a year is terrific value. It’s going to be an under-market deal once the salary cap jumps next summer, so they’ll either have a solid, versatile wing on a cheap deal or a very attractive trade piece if they decide to blow things up. Well done, Tim Connelly.