Nuggets will reportedly waive Kostas Papanikolaou

HOUSTON, TX - NOVEMBER 28: Blake Griffin #32 of the Los Angeles Clippers drives with the basketball against Kostas Papanikolaou #16 of the Houston Rockets during their game at the Toyota Center on November 28, 2014 in Houston, Texas. 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. (Photo by Scott Halleran/Getty Images)

Kostas Papanikolaou was part of the grab bag of players the Rockets sent to the Nuggets in the trade for Ty Lawson, but he won't be playing for Denver next season.

The Nuggets will waive Papanikolaou, according to a report from David Pick.

His contract worth almost $4.8 million for next season is non-guaranteed, and it appears as though Denver would rather have the cap space to use on someone else for its 15th and final spot on the roster.

Papanikolaou just turned 25, but last season with the Rockets was his first in the states. He averaged 4.2 points, 2.7 rebounds and two assists in 18.5 minutes per contest, but shot just 35 percent from the field in those 43 appearances.

(h/t: Sportando)