Los Angeles  - A third time with the Denver Nuggets wasn't the charm for Antonio McDyess, after the club agreed to a contract buyout and waived the veteran power forward on Monday.

The move comes a week after the Detroit Pistons shipped McDyess, along with Chauncey Billups and Cheikh Samb, to the Nuggets for Allen Iverson in the first blockbuster trade of the young season.

A fan favourite in Detroit, the 34-year-old McDyess is most likely to re-sign with the Pistons after clearing the required 30-day waiting period.

During his NBA career, McDyess owns career averages of 13.4 points and 7.7 rebounds in 12 seasons, including two separate stints with Denver. (dpa)