Wilson Chandler's contract was widely reported to be worth $37 million over five season, but sources say the number is actually $31.7 million.

The deal starts at $5.5 million for the rest of this season and tops out at $7.2 million in 2015-16, sources said.

Rudy Fernandez underwent successful back surgery on Thursday during a procedure performed by Dr. Sanjay Jantana.

Fernandez, who is expected to be out for the remainder of the regular season, missed 12 games due to a lower back strain, and the injury flared up against Dallas on March 19, prompting further evaluation.

Rudy Fernandez will miss the remainder of the 11-12 season due to surgery on his lower back.

Fernandez has missed 12 games due to a lower back strain and the injured recurred on March 19th.

Danilo Gallinari fractured his left thumb on the backboard while trying to block a shot in Monday's game.

“I don’t know how long it’s going to be," said Gallinari. "It’s not going to be short. It’s a fracture. The doctor told me the fracture takes four weeks to heal. Hopefully I can put something on and play sooner than that.”

Gallinari initially stayed in the game after suffering the injury.

“I tried to play through but it was getting worse second-by-second,” he said. “I didn’t know it was broken, but it hurt a lot. It’s unbelievable, but got to keep going, keep thinking positive and make this push for the playoffs.”

The Denver Nuggets have reached a multi-year contract agreement with Wilson Chandler.

Chandler has signed for the remainder of the current seasons and four additional seasons for a total of $37 million.

"It is great to have Wilson back on our roster,” Masai Ujiri said. “It was a very unique situation signing a talented free agent in the middle of the season, and we worked extremely hard to find an agreement that was best for everyone. Wilson will be an excellent addition for the rest of this season and for years to come."

The Nuggets have waived Ronny Turiaf.

Turiaf, 6-10, 245, was acquired along with JaVale McGee and a second-round pick in a three-team trade with the Washington Wizards and Los Angeles Clippers on March 15. He played four games with the Wizards this season, averaging 1.5 ppg, 3.1 rpg and 1.3 apg.

The Nuggets and Wilson Chandler are close to an agreement on a contract worth more than $30 million over five seasons.

After Denver successfully traded Nene, the team had greater financial flexibility in the long-term. Denver signed Nene to a five-year deal worth nearly $70 million in free agency in December, but soon began to regret the decision and seek trade scenarios.

The Kings reportedly declined a trade offer from the Nuggets of Nene for DeMarcus Cousins, according to a source.

Denver traded Nene on Thursday to Washington in a three-team deal.

The pursuit of a trade by the Nuggets came more than a month ago, shortly following Nene's $67 million extension.

Washington will acquire Nene, while JaVale McGee goes to the Nuggets and Nick Young goes to the Clippers in a three-way trade that has been agreed upon.

Brian Cook and a second pick will be sent out by the Clippers.

Ronny Turiaf will also be included to the Nuggets.

The Magic continue to tell teams that call about the availability of Dwight Howard that they do not intend to trade him.

But sources say the Magic seek a trade similar to the one the Nuggets received for Carmelo Anthony if they change direction.

While the Nets, Mavericks and Lakers would be considered in trade, sources say the best trade offer would receive Howard.

The Magic would seek multiple talented young players and draft picks. The team wouldn't want to blow up a contender and see the Nuggets as a model for a middle ground.

Representatives from the Nets, Lakers and Mavericks say the Magic have yet to decide which path to pursue.