http://sports.espn.go.com/nba/news/story?id=5567423

heres the link

the story says that the contract is a 2 year deal worth $5 mil.

So....we always figured Denver couldn't get him because he was asking for too much. Maybe Louis realized he wasn't going to get paid unless he asked for less? Still seems like Denver could have made some moves to get Louis. Or maybe the FO is just focused 100% on Melo right now instead of FA signings.