Posted by Royce Young
According to La Gazzetta dello Sport as well as Sportando via HoopsHype, Danilo Gallinari is in "serious talks" with Italian club Olimpia Milano. The hangup? Getting Gallinari's Denver contract insured.
As of a few weeks ago, Gallinari and his family refuted reports that he was in negotiations with the team.
He said, "I am not having any (contract) talk with them. I want to think just to the National Team without any distraction. I will think about my future after Eurobasket in Lithuania."
Well, Italy has been eliminated and so I guess he can start thinking about it. Or he is. Whatever.
Unlike the other two Nuggets that signed to play in China -- Wilson Chandler and J.R. Smith -- Gallinari isn't a free agent. He's under contract with the team through this season and is a restricted free agent in 2012. So any deal he might sign would require an NBA opt-out clause, which I'm sure wouldn't be a problem.
The insurance is though. Much like it was with Andrew Bogut, to insure an NBA contract a team needs something like $500,000 which would most likely require a sponsor or donor to step up and provide it.