The Nuggets are keeping this free agent, agreeing to terms Tuesday night with Nene for five years and $67 million, a person with knowledge of the deal confirmed to CBSSports.com.
Nene attracted significant interest from the Nets, Rockets and Pacers, among others, but decided to stay in Denver on a day when the team acquired Rudy Fernandez and Corey Brewer from Dallas into the trade exception left behind from the Carmelo Anthony trade last February.
The next order of business for Denver, which still has room to do more shopping, is to re-sign restricted free agent Arron Afflalo. A person with knowledge of those discussions said the two sides were making "good progress" toward a deal Tuesday night.
Nuggets GM Masai Ujiri met with Nene and his representatives Monday night, one of several meetings the team has had with its free-agent big man. Other meetings have included owner Josh Kroenke and coach George Karl.
The Rockets had hoped to pair Nene with Pau Gasol, but a three-team trade sending Chris Paul from New Orleans to the Lakers fell through. The Nets targeted Nene in the free-agent market but also have been pursuing a trade for Magic center Dwight Howard, a 2012 free agent who has been given permission to discuss a potential trade with New Jersey, the Lakers and Dallas.