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

By Chris Mannix
July 21, 2015

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.

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