On Saturday night, there were rumors about Denver releasing him. However at this point there are just rumors. Until now, the player’s side has no knowledge for this matter and the Nuggets hasn’t informed them about those kind of intentions. According to Eurohoops sources, the Nuggets’ plan when they aquired Papanikolaou was to keep him in their roster and take their decision about him during Eurobasket, probably at the end of the tournament. That was their intention and that’s why they didn’t try to use his contract as a trade asset.
via EuroHoops.net