NBA sources told Yahoo that George Karl turned down a one-year, $3 million extension over the summer in hopes of getting a longer deal and a raise. Karl is currently being paid a $3 million base salary in the final year of his contract and sources said incentives boosted his total pay to $3.8 million last season.

A Nuggets source said the team has had internal discussions about a possible three-year, $12 million extension for Karl.