Nuggets trade 26th pick in NBA Draft to Spurs, moving out of first round

Draft day in Denver ended with a yawn.

But behind the scenes, the Nuggets were pleased by their anticlimactic outcome.

On the clock Tuesday night with the 26th pick in the NBA Draft, the Nuggets chose to trade out of the first round, beginning to replenish an asset pool that was drained by the previous front office regime. San Antonio moved up to No. 26 in exchange for giving Denver the No. 35 overall pick in Wednesday’s second round and two additional future second-round picks.

Denver now controls a 2028 Minnesota second-round pick and a 2031 Sacramento second-rounder, according to league sources. The Spurs selected Connecticut big man Tarris Reed Jr. at No. 26. The Nuggets will go into Wednesday with two picks — 35th and 49th. Multiple teams had already called them to inquire about No. 35 by the end of Tuesday night, one source told The Post.

Co-general managers Jon Wallace and Ben Tenzer have less than 24 hours to decide if they want to use that pick or parlay it into more future draft capital. Part of their rationale for trading back, multiple team sources told The Post, was that they felt the 2026 draft class had a substantial drop-off in talent around No. 20.

What the Nuggets eventually do with their new picks will determine how Tuesday’s trade is evaluated. Second-rounders are often used as trade assets rather than to select playable talent, and Denver’s shortage of them has inhibited its ability to get involved in trade conversations around the league recently. Wallace and Tenzer inherited the NBA’s most depleted war chest when they took over the front office in 2025, whereas adversaries like Oklahoma City and San Antonio are practiced in the art of asset accumulation.

If one first-round pick can slowly grow into a wider swath of lower-quality picks that can subsequently be put to good use in other trades to improve the roster, then No. 26 will have been a worthy sacrifice. That could take lots of time, hard work and negotiating tact.

But the Nuggets are also faced with awkward luxury tax decisions this offseason, and they’re tied to multiple contracts that are widely perceived as having negative value, namely Christian Braun and Zeke Nnaji. If they promptly use their new picks to dump either of those salaries without bringing back any helpful players, it would be a clear indicator that team ownership is prioritizing tax savings over roster improvement.

The front office’s challenge will be to balance and accomplish both goals, which tend to be at odds with each other. At least one salary-shedding move is essentially guaranteed to occur as Denver attempts to retain Peyton Watson in restricted free agency, as The Post reported in April.

Wallace and Tenzer still have not made a draft pick yet in their tenure. For now, Denver will treat it as a win if they can stockpile future picks and right some old wrongs. A seemingly tedious trade elicited applause inside the Nuggets’ war room Tuesday, even as team president Josh Kroenke was caught on camera looking disgruntled by something. His bemusement, according to a source, was in response to some confusion on the other end of the line as Denver was trying to call in the 26th pick on behalf of the Spurs.

San Antonio walked away from the first round with two prospects secured in Reed and Jayden Quaintance. Oklahoma City snagged Aday Mara 12th and Bennett Stirtz 16th — sobering reminders that talent is going to keep on flowing into the two rosters that pose the biggest existential threats to Denver.

Nuggets recent draft history

The Nuggets haven’t drafted in the top 20 since 2018 — the cost of becoming a perennial playoff team as Nikola Jokic entered his prime. They’ve gotten mixed results from their late first-round picks since then, which is typical at that stage of the draft. Five of their six first-rounders this decade are still on the active roster, though only two of them were in the everyday rotation last season: Christian Braun (21st) and Peyton Watson (30th), both of whom were selected by former GM Calvin Booth in 2022.

Nnaji (22nd in 2020) is the third-longest tenured player on the team, but the four-year, $32 million contract extension he signed in 2023 has turned out to be a small-scale albatross on Denver’s cap sheet. Bones Hyland (26th in 2021) was shipped off to the Clippers at the 2023 trade deadline after he caused locker room frustration by walking off the bench during a game. He plays for Minnesota now.

Braun was a bench contributor during Denver’s 2023 run to the championship and signed a five-year, $125 million extension last October. Watson will be a restricted free agent and an offseason priority for Denver’s front office in the coming weeks.

Julian Strawther (29th in 2023) has been in and out of the rotation throughout the first three years of his career, and his role was scaled back last season with Tim Hardaway Jr. slotted in at backup shooting guard. Strawther is eligible to sign a rookie-scale extension before next season, or he’ll become a restricted free agent in 2027. Denver traded three second-round picks to Phoenix to move up six spots for DaRon Holmes II (22nd in 2024), who tore his right Achilles tendon in his first Summer League game and spent most of last season developing in the G League.

The Nuggets’ 2025 first-rounder belonged to Orlando as part of their trade for Aaron Gordon. Their 2027 first currently belongs to Oklahoma City as part of the trade for the pick that became Watson.

Booth’s tenure was characterized by his willingness to mortgage future draft capital for immediate gain — or immediate salary relief. Most notably, he burned through six second-round picks in a matter of weeks during the 2024 offseason to get rid of Reggie Jackson and to move up for Holmes.