If Iguodala opts out he will be an unrestricted free agent, and the $16 million salary for next season is a player option. He made just under $15 million in the 2012-13 season.
Iguodala played in 80 games this past season, averaging 13 points, 5.4 assists and 5.3 rebounds a game for the Nuggets. He averaged 18 a contest in the team's first-round playoff series loss to the Golden State Warriors.
More from the Denver Post:
The Nuggets have $51 million in guaranteed salary already tied up for next season. The salary cap was $58.044 million for the 2012-13 season. The luxury tax is $70.307 million. Neither of those numbers will go down next season, meaning even with contract decisions to be made on Iguodala and unrestricted free agent Corey Brewer, the Nuggets, who were well under the luxury tax, are in good financial shape.