According to Adrian Wojnarowski of Yahoo! Sports, the team will not be bringing Karl back for the final year of his contract.
Karl will not be brought back for the final year of his contract, source tells Y! Sports. He was informed this morning.— Adrian Wojnarowski (@WojYahooNBA) June 6, 2013
Karl was believed to be pushing for an extension, which Denver didn't want to give. The Nuggets didn't want to deal with an unhappy Karl leading into next season and thought it best to sever ties now.
Per Woj, the Nuggets believe that they can attract an "elite coach" with their roster.
Denver believes it can attract an elite coach with its roster; simply didn't want to deal with an unhappy Karl in final year of contract.— Adrian Wojnarowski (@WojYahooNBA) June 6, 2013
Who will that elite coach be?
Whether the Nuggets will be able to attract the type of name it lusts for remains to be seen, but there are no shortage of top-notch options for them to pursue.