Denver was in the “red zone” on a potential trade for Eric Bledsoe last month, according to Zach Lowe of ESPN. Complete details aren’t provided, but Lowe believes Phoenix would have received Emmanuel Mudiay and a first-round pick.

Negotiations with the Suns eventually fell apart and the Nuggets moved on, leaving them with an extremely young point guard duo in Mudiay and Jamal Murray.

“We chase every opportunity to improve ourselves,” said Denver GM Tim Connelly, who refused to comment directly on the Bledsoe talks. “We’ve had a lot of excellent players offered to us for our young talent. There’s a fine line between overvaluing your own players and being too aggressive chasing short-term results.”

The decision not to give up too much for Bledsoe is understandable, writes Lowe, who says he wouldn’t have made the Nuggets title contenders this season or next. After that, he will be seeking a huge contract as a free agent in his 30s with a history of knee problems.