Free-agent center Nene and the Denver Nuggets have agreed to terms on a five-year deal worth in excess $67 million, according to sources close to the talks.
Widely regarded as the No. 1 free agent on the 2011 market, Nene was chased hard by teams such as New Jersey, Houston and Indiana.
But all of his suitors knew that his preference was to stay with the Nuggets, with whom he's played his whole career.
The deal, sources say, will pay Nene an average of $13.5 million over the next five season, which is one season longer than any other team could offer.