Nuggets sign Renaldo Balkman to contract extension

The Denver Nuggets have signed forward Renaldo Balkman to a contract extension, team Vice President of Basketball Operations Mark Warkentien announced today. Per league policy, terms of the deal were not released. We’ll post details Sunday or Monday.

Last season, Balkman averaged a career-high 5.0 ppg and 3.8 rpg while shooting a career-high .558 from the field in 53 games with the Nuggets.

Balkman was acquired by trade from the New York Knicks on July 28, 2008 in exchange for guard Taurean Green, forward Bobby Jones and a 2010 second round draft pick.

Balkman was originally selected by New York in the first round (20th overall) of the 2006 NBA Draft out of the University of South Carolina and has averaged 4.4 ppg and 3.8 rpg and has shot .517 from the floor in 186 career games.