Iguodala agreed to a four-year, $48 milllion contract with the Warriors last week, but there was still a chance that the Nuggets were willing to sign-and-trade him to save the Warriors some salary cap space.
Adrian Wojnarowski of Yahoo! Sports reports that the teams are in “advanced discussions” and a deal could be finalized as soon as Monday.
Let’s break down what each team would receive:
Golden State Warriors: Andre Iguodala (from Nuggets), cap space, ability to use full mid-level exception and two separate trade player exceptions
Denver Nuggets: Randy Foye (from Jazz), $12 million trade exception
Utah Jazz: Future second round pick (from Warriors)
The salary cap flexibility would allow the Warriors to sign Nemanja Nedovic, their first round pick in the draft last month.
The Warriors had already cleared a lot of cap room just to sign Iguodala. They previously had made another deal with the Jazz, sending Andris Biedrins, Richard Jefferson, Brandon Rush, and two first round picks to Utah.
Signing Iguodala also cost them the ability to re-sign Jarrett Jack and Carl Landry, who both agreed to terms with new teams on Saturday.
However, with this trade on the verge of going down, they can now go out and scour the market for possible replacements and additions.