The Nuggets have formally re-signed Nene.

“We’ve always said that Nene is a Nugget, and we are happy to welcome him back to Denver,” VP of basketball operations Masai Ujiri said. “Quality big men are hard to find, but we feel we have one of the best. Not only is he a great player, but he is a great person who will be part of our roster for years to come.”

Nene has averaged at least 13.8 points and 7.6 rebounds each of the past three years. Most recently, he averaged 14.5 points and 7.6 rebounds while leading the NBA in field-goal percentage in 2010-11.