On December 19, 2006, Allen Iverson, along with Ivan McFarlin, were sent to the Denver Nuggets in exchange for guard Andre Miller, forward Joe Smith, and two first-round draft picks. Then, on January 11, the 76ers' general manager Billy King announced that the Sixers and aging forward Chris Webber had agreed to a buyout of the remainder of his contract. The Sixers would pay Webber $36 million over the next 1½ seasons, which is $7 million less than he would have been paid to play. After the buyout, the Sixers waived Webber, making him a free agent. Webber signed with the Detroit Pistons shortly thereafter.