Forward Paul Millsap will remain with the Denver Nuggets after signing a one-year contract, the team announced Thursday.
Financial terms of the deal were not disclosed, however The Athletic previously reported that the contract is worth $10 million.
Milton just completed a three-year, $90 million contract with the Nuggets.
The 35-year-old Millsap is a four-time All-Star and has been a steady leader during Denver's rise to becoming one of the best teams in the Western Conference.
Millsap averaged 11.6 points and 5.7 rebounds in 51 games (48 starts) last season. The scoring and rebounding averages were his lowest since he averaged 8.1 points and 5.6 rebounds in his second NBA season with the Utah Jazz in 2007-08.
Millsap has career averages of 14.0 points and 7.3 rebounds in 996 games (709 starts) over 14 seasons with the Jazz (2006-13), Atlanta Hawks (2013-17) and Nuggets. All four of Millsap's All-Star appearances came with Atlanta.
--Field Level Media