DeRozan Joins Nuggets, Klay Heads to Heat as Stad Takes Control of Wolves and Lynx
DeMar DeRozan has agreed to a one-year veteran minimum deal with the Denver Nuggets, Klay Thompson is set to join the Miami Heat on a reported two-year, $13 million contract following a Mavericks buyout, and investor Marc Stad has become the controlling owner of the Minnesota Timberwolves and Minnesota Lynx in a deal valued at $4.5 billion. The trio of moves reshapes a defending champion’s rotation, bolsters a perennial contender, and ushers in a new power structure atop a dual NBA–WNBA franchise.
DeRozan to Denver, Klay to Miami, and a New Power Player in Minnesota Reshape NBA Landscape
In a flurry of late-offseason moves, DeMar DeRozan has agreed to join the Denver Nuggets, Klay Thompson is set to land with the Miami Heat after a buyout from the Dallas Mavericks, and investor Marc Stad has completed a deal to become the controlling owner of the Minnesota Timberwolves and Minnesota Lynx.
Taken together, the moves touch everything from title-contending rotations to the long-term direction of a dual NBA–WNBA franchise.
DeMar DeRozan chooses Denver on one-year deal
According to multiple reports, DeMar DeRozan has agreed to a one-year contract with the Denver Nuggets at the veteran minimum, worth approximately $3.9 million.
A report from the Manila Bulletin notes that the agreement is for a one-year deal at $3.9 million, describing it as a veteran minimum contract and citing a person with knowledge of the deal.
A separate roundup from fantasy and NBA news outlet Dunkest similarly reports that DeRozan agreed to a one-year, $3.9 million deal with the Nuggets after being waived by the Sacramento Kings. That piece frames the move as DeRozan opting to join Denver’s core, highlighting that he will now play alongside star center Nikola Jokic.
For Denver, adding DeRozan on a minimum contract is a notable swing for additional playmaking and half-court scoring depth on the wing. The terms and structure, as reported, suggest a low-risk commitment for the defending champions while giving DeRozan a chance to contribute on a contender.