The Nuggets on Friday waived forward Kostas Papanikolaou, according to an NBA source.
Papanikolaou would have been owed $4.8 million if he remained on the roster past Oct. 4. The 6-foot-8, second-year player from Greece came to Denver as a part of the Ty Lawson trade in July.
The Nuggets are leaving the door open for Papanikolaou's return, should he clear waivers. If he comes back to the Nuggets, it would at a lower salary.
The Nuggets open training camp Tuesday.