The Nuggets have formally waived Julian Reese, per NBA.com’s transaction log.

A 6’9″ forward/center who was signed to a two-way contract, Reese was traded from Washington to Denver last week as part of the Peyton Watson deal. The Nuggets were able to acquire Reese despite being over the second tax apron because two-way contracts don’t count against the salary cap.

Reporting at the time of that trade indicated that Reese would be waived by the Nuggets, so the transaction doesn’t come as a surprise. Denver now has one two-way opening, with guard KJ Simpson and 2026 second-rounder Bryce Hopkins occupying the other two slots.

More to come…