If the Denver Nuggets are intent on signing Golden State Warriors free-agent guard Gilbert Arenas, it might take a large chunk of their free-agent dollars.  

Arenas's agent, Dan Fegan, said Thursday that projections he has read about his client signing a contract starting in the $7 million range are off base.

"If you're asking whether a starting number of $7 million is enough to sign Gilbert Arenas, the answer is unequivocally no, it's not," Fegan said.

Denver is in desperate need of a starting point guard and has about $22 million to spend in free agency this summer. Arenas might be the top prospect on the Nuggets' free-agent wish list. Teams cannot comment on their interest until the signing period opens July 1.