Sources: Danilo Gallinari finalizing two-year extension with Nuggets

Danilo Gallinari is finalizing a two-year, $31 million contract extension with the Nuggets, league sources tell SI.com's Chris Mannix.

Chris Mannix | Jul 21, 2015

Sources: Danilo Gallinari finalizing two-year extension with Nuggets /

Danilo Gallinari is finalizing a two-year, $31 million contract extension with the Nuggets and will also receive a raise this season, according to league sources.

As part of the agreement, Gallinari will receive a raise from $11.5 million in 2015-16 to $14 million, according to league sources. In total, the new contract is for three years and $45 million including this year's bump.

Gallinari, 26, averaged 12.4 points, 3.7 rebounds and 1.4 assists in 24.2 minutes per game for the Nuggets last season. He shot 40.1% from the field and 35.5% from deep while playing in 59 games and starting 27.

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The contract extension cements Gallinari's place in the Nuggets' future. The 6'10", 225-pound forward is viewed as a key building block for Denver, which drafted Emmanuel Mudiay in the lottery of June's NBA draft and recently shipped Ty Lawson to the Rockets.

Lot of buzz that Gallo could have been traded earlier this summer. Teams called--including Boston--but the Nuggets weren't interested.
— Chris Mannix (@SIChrisMannix) July 21, 2015

Published Jul 21, 2015

CHRIS MANNIX

Chris Mannix is a senior writer at Sports Illustrated covering the NBA and boxing beats. He joined the SI staff in 2003 following his graduation from Boston College. Mannix is the host of SI's "Open Floor" podcast and serves as a ringside analyst and reporter for DAZN Boxing. He is also a frequent contributor to NBC Sports Boston as an NBA analyst. A nominee for National Sportswriter of the Year in 2022, Mannix has won writing awards from the Boxing Writers Association of America and the Pro Basketball Writers Association, and is a longtime member of both organizations.