Denver's Iguodala opts out of contractNuggets forward will forego some $16 million in pursuit of a new long-term deal
Iguodala had until June 25th to exercise his early termination clause and forego the roughly $16 million he was owed in 2013-14, and he has officially filed the paperwork with the league.
Although it may seem discouraging for the Nuggets that Iguodala opted out, team CEO Josh Kroenke said last week when a report on the potential opt-out leaked that re-signing Iguodala would be one of the team's top priorities.
"We are fully aware of Andre's intentions and he's well aware of how much we want him back," Kroenke said. "Andre is a huge priority for our organization."
In 2012-13, Iguodala, who joined the Nuggets as part of last winter's blockbuster four-team trade centered around Dwight Howard, averaged 13.4 points, 5.5 rebounds and 5.6 assists per game in helping Denver post a franchise-record 57 wins.