Report: Nuggets pick up Millsap's option for 2019-20

DENVER, CO - MAY 12: Nikola Jokic #15 of the Denver Nuggets high-fives Paul Millsap #4 of the Denver Nuggets against the Portland Trail Blazers during Game Seven of the Western Conference Semifinals of the 2019 NBA Playoffs on May 12, 2019 at the Pepsi Center in Denver, Colorado. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2019 NBAE
Bart Young / National Basketball Association / Getty

Note to Paul Millsap: Don't cancel your lease yet.

The Denver Nuggets are exercising their $30.2-million team option to retain the power forward through the end of the 2019-20 season, league sources told ESPN's Adrian Wojnarowski.

The option will bring the 34-year-old to the end of the pact he signed in 2017, which followed four consecutive All-Star Game selections for Millsap as a member of the Atlanta Hawks.

Millsap has averaged 13.3 points, 6.9 rebounds, 2.3 assists, and 1.1 steals per game through two seasons in Colorado, forming a solid frontcourt tandem with 2019 All-Star Nikola Jokic.

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