The Denver Nuggets have traded forward Wilson Chandler and a future second-round draft pick to the Philadelphia 76ers, league sources told ESPN on Tuesday.
Chandler's $12.8 million expiring contract will be absorbed into the Sixers' available cap space. Denver has been looking to unload salary for months.
The deal will save Denver $50 million in combined salary and luxury tax. The Nuggets' tax bill now drops from $51.3 million to $14.3 million.
Chandler's contract can be traded immediately without any restrictions because Philadelphia acquired him with available cap room.