The Nuggets informed Valanciunas' representatives that "the franchise fully intends to have him honor his contract," reports ESPN’s Shams Charania. If Denver sticks to its guns on this, the conversation is over.

The Denver Nuggets have made it clear this offseason that they need a dependable backup center behind Nikola Jokic. The front office moved quickly to address that concern by targeting veteran big man Jonas Valanciunas.

The Nuggets landed the former first-round pick in a trade that sent Dario Saric to the Kings, but the deal cannot be completed until the new league year begins July 6.