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Nuggets clear cap room

By Chad Ford
ESPN.com

Friday, August 7, 2009

The Denver Nuggets have traded center Steven Hunter and a lottery protected 2010 first-round pick to the Memphis Grizzlies for a future second-round pick, the team announced Friday. The Nuggets made the move to reduce their luxury tax penalty this season. The Nuggets are slated to be $6.7 million over the league's dollar-for-dollar tax threshold. Removing Hunter's $3.7 million dollar salary will save the team $7.4 million next year. Once again the Grizzlies are taking advantage of their cap ...

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