The Denver Nuggets have informed Jonas Valanciunas of their intention after they traded with the Sacramento Kings.

The Nuggets have made a final decision on Jonas Valanciunas after acquiring him in a trade from the Kings this offseason.

Valančiūnas, who has two years remaining on the deal he signed with the Sacramento Kings last offseason, has reportedly been pursued by Greek team Panathinaikos for a potential return to pro hoops in Europe. The Nuggets intend to have Valančiūnas honor his NBA contract, however, per ESPN.