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Report: Nuggets looking at extending Paul Millsap to a long-term deal with lower annual salary

Paul Millsap, Nuggets

The Denver Nuggets are confident that they can be successful next season even if they don’t make any significant moves in free agency. They are planning to retain most of the players from last year’s squad, including veteran forward Paul Millsap.

The Nuggets can exercise Millsap’s $30 million team option for next season, and according to ESPN’s Adrian Wojnarowski, Denver is okay with doing that. However, the team will likely discuss a long-term deal with Millsap for a lower annual salary:

The Nuggets have nothing but positive remarks about Millsap, despite his struggles at the end of the second round of the playoffs, which helped them lose against the Portland Trail Blazers. Denver believes the 34-year-old forward is a positive presence in the locker room and is a good mentor to the young players, particularly to All-Star teammate Nikola Jokic.

However, Millsap is at the tail end of his career, and at this point, one can argue he’s no longer worthy of getting $30 million. If the Nuggets can convince him to take less money for a longer deal, that would help with flexibility.

The Nuggets are indeed thankful for all of Millsap’s contributions to the team over the past couple of years. They do not have a problem paying him his full salary for next season to show their gratitude, but it would be more ideal if he signs a longer contract for less money.