The Sacramento Kings have backed down from a four-year, $52 million offer to free-agent small forward Andre Iguodala that was reported Tuesday night.
The bid is no longer on the table, USA Today reported early Wednesday. The Kings apparently are rethinking their rebuilding plans under the new ownership group.
Iguodala had walked away from $13.9 million for the 2013-14 season with the Denver Nuggets to become a free agent.
The Kings have former Nuggets front office man Pete D'Alessandro calling the shots, and he likely knows the breaking point for Denver in free agency.
Iguodala reacted to the news on Twitter late Tuesday night, saying "WOW!!!!" and then "Really?? Ok...MOTIVATION!!!!!!"
Iguodala, a former lottery pick traded last offseason from Philadelphia to the Nuggets in the deal that sent Dwight Howard to Los Angeles and Andrew Bynum to the 76ers, averaged 13 points, five assists and five rebounds per game for the Nuggets. He's a strong wing defender and can be used for some minutes as the primary ballhandler.
The Kings could be parting with restricted free agent Tyreke Evans, who was offered a four-year, $44 million contract by the New Orleans Pelicans on the first day of free agency.
Denver is still interested in retaining Iguodala and he is considering the posibility of staying with the team, but the large offer from the Kings and high interest from Detroit, Golden State and Boston is a significant roadblock to the overhauled Nuggets.