The Philadelphia 76ers acquired small forward Wilson Chandler from the Denver Nuggets, according to multiple reports. Sarah Todd of The Philadelphia Inquirer has more on the deal between the two teams:

The 76ers are acquiring small forward Wilson Chandler from the Denver Nuggets, according to league sources.

The Sixers will absorb Chandler’s expiring $12.8 million contract, and will also receive a 2021 second-round draft pick for cash considerations. The news was first reported by Yahoo Sports.

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In the wake of striking out on big-name free agents it looks as if the Sixers are continuing to reload their roster in preparation for taking another swing next year.

Because the Sixers acquired Chandler with cap room, he is available to be traded immediately should the Sixers decide to package him in another offseason deal.

The 10-year veteran reportedly last month opted into his contract with the Nuggets. He is reportedly getting a $12.8 salary for next season.

The move saves the Nuggets $50 million combined in salary and luxury tax according to ESPN’s Bobby Marks (via Twitter).

Trading Wilson Chandler to Philadelphia will save Denver $50M in combined salary and luxury tax. The Nuggets tax bill now drops from $51.3M to $14.3M. The $12.8M Chandler contract can be traded immediately without any restrictions because Philadelphia acquired him with room.

Turner Sports’ David Aldridge (via Twitter) adds that the Sixers value Chandler’s two-way ability, but could move him as well.

The Sixers could immediately re-route newly acquired @wilsonchandler in any potential, uh, trade, b/c his salary is going into the team’s available cap space. But the plan is for Philly to keep him, per league sources; his two-way play when healthy is viewed as a needed asset.

Last season, Chandler averaged 10.4 points and 5.4 rebounds for the Nuggets.