Funk was waived by Denver on Wednesday, Keith Smith of Spotrac.com reports.

EDGE Analysis

Funk was one of the G League's most prolific three-point bombers last season, connecting on 36.9 percent of 8.7 threes per game across 32 total appearances split between the Grand Rapids Gold and Windy City Bulls. He is a candidate to return to Denver's affiliate in Grand Rapids.

The Nuggets signed Funk to an Exhibit 10 contract Tuesday, Vinny Benedetto of The Denver Gazette reports.

EDGE Analysis

Funk made five appearances for Chicago in 2023-24 but averaged just 2.6 minutes per contest. He will now likely spend the 2024-25 campaign with the Nuggets' G League affiliate.

The Bulls waived Funk on Wednesday.

EDGE Analysis

Funk signed a two-way contract with the Bulls in February and made five NBA appearances, playing more than two minutes only once. With the move, Chicago opens up a two-way spot ahead of training camp.

Funk agreed Sunday on a two-way contract with the Bulls, Shams Charania of The Athletic reports.

EDGE Analysis

Funk will fill the Bulls' vacant two-way spot that opened up Saturday, when wing Onuralp Bitim was upgraded to a standard two-year NBA deal. After going undrafted out of Penn State this past summer, Funk attended training camp with the Nuggets and has spent his first professional season with Denver's G League affiliate, the Grand Rapids Gold. The 24-year-old has been one of the G League's top marksmen this season, knocking down 3.7 triples per game at a 39.1 percent clip over 36 total appearances with the Gold. Funk has also chipped in averages of 14.3 points, 3.6 rebounds, 3.4 assists and 0.6 steals in 37.2 minutes per contest.