Jonas Valanciunas officially confirmed his intention to honor his contract and play for the Denver Nuggets next season despite a strong push from Greek EuroLeague club team Panathinaikos to lure the Lithuanian big man back overseas.

The Nuggets landed Valanciunas in a deal with the Sacramento Kings that went official earlier this month, however reports quickly emerged that Panathinaikos was also attempting to sign the 6-foot-11 center. It led to a confusing situation given that Valanciunas still has one fully guaranteed year left on his deal worth around $10 million.

"I want to clear the air about my playing situation next season now that Denver has made their decision to keep me. The idea of playing for Panathinaikos, closer to home, was very exciting to me, but that will have to w

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