Don’t look now, but Denver Nuggets center Timofey Mozgov and Russia may be the only thing standing between U.S. and the gold at the 2012 London Olympics.

Mozgov and Russia are off to a 4-0 start and won the Group B with a couple of impressive victories.

Mozgov is averaging 12.3 points and 4.8 rebounds in the Olympics and has been a big part of Russia’s victories over Brazil and Spain. Mozgov scored 18 points and grabbed seven rebounds to help Russia sneak past Brazil 75-74. He followed that up with another solid performance against Spain’s Marc and Pau Gasol. Mozgov scored 12 points and grabbed nine rebounds as Russia beat the heavily-favored Spain, 77-74. He also dunked the ball with 18 seconds left to break the tie.

Ironically in both games Mozgov faced former teammates. Nene in Brazil and Rudy Fernandez with Spain. Russia finishes up poll play Monday against Australia.

It will be interesting to see how Mozgov’s strong play in the Olympics will impact his play next season. Hopefully it will give the 7-foot-1 center some added confidence. Toward the end of last year, he was the odd man out. Fans saw him as being replaceable and the coaching staff lost confident in his game.

Mozgov, who had 12 DNP-CD (Did not play-coach’s decision) after the JaVale McGee trade, struggled with his confidence down the stretch and fell behind both McGee and Kosta Koufos in the rotation.

Despite McGee’s new $44-million/4-year contract there is a good chance that Mozgov begins the season as the Nuggets starting center. Mozgov’s defense against Andrew Bynum was impressive and McGee played much better coming off the bench than starting.

It’s easy to forget that Mozgov struggled with a sprained ankle down the stretch of last season, when healthy he was a big part of the Nuggets rotation. No doubt the big man is hoping to have a breakout season, especially since it is his contract year.

It will be an interesting offseason for the Denver Nuggets as they try to keep their young squad together.

Luckily enough only Andre Miller, JaVale McGee and Rudy Fernandez are set to hit the free agent market, with McGee and Fernandez both being restricted free agents – allowing the Nuggets to match an offer if they so wish.

Timofey Mozgov ($3.14 million) and little used point guard Julyan Stone ($762,000) also have contracts that are partially guaranteed, but it is highly unlikely that the Nuggets would release either player since neither have a big contract. Denver should have around $10 to $12 million of cap room, which will give them a little flexibility.

McGee, who the Nuggets acquired in a trade for Nene, is arguably Denver’s most important free agent. In 20 games with the Nuggets, McGee averaged 10.3 points, 5.8 rebounds and 1.6 blocks a contest. He also averaged 8.6 points, 9.6 rebounds and 3.1 blocks in the playoffs and had a breakout performance in Game 5 when he scored 21 points, 14 rebounds and outplayed Andrew Bynum.

What makes McGee, who is only 24, such a valuable asset is his length and athleticism. He stands 7-foot-0 and carries a wingspan of 7-6. He also weighs 252 points and has a body that could put on at least 20 more pounds. His size alone makes him a major factor on the defensive side of the ball.

Now where it gets tricky for the Nuggets is McGee’s asking price. Back in March, he told the Washington Wizards he wanted $14 million a year. It is doubtful a team will offer McGee that large of a contract and Denver can’t afford to overpay McGee since they also want to sign Ty Lawson to a contract extension.

However, Denver’s general manager Masai Ujiri has said his main goal is re-signing McGee, but the question is what is the right price for the athletic big man?

Last season, Nene, Tyson Chandler, Marc Gasol and DeAndre Jordan all signed multi-year deals.

• Nene re-upped with the Nuggets for $65 million for 5 years.
• Gasol agreed to a $57.5 million for 4 years with the Grizzlies.
• Chandler got $55.4 million for 4 years from the Knicks.
• Jordan signed a $43 million for 4 years to re-sign with the Clippers.

Of the four, a deal similar to what Jordan received is probably the fairest for McGee due to his age and how raw he is. McGee has a better all-around game, but the two are of similar age (McGee is two years older) and style.

There is also a chance that McGee isn’t happy with Denver’s offer and decides instead to take the 1-year qualifying offer, which would allow him to be an unrestricted free agent next season. It’s doubtful that Denver will let it come to that.

If McGee does sign elsewhere and the Nuggets don’t match, they could turn their sights on Kevin Garnett, Chris Kaman, Spencer Hawes or Jason Thompson.

Dec 26, 2011; Dallas, TX, USA; Denver Nuggets shooting guard Rudy Fernandez (5) drives the lane against the Dallas Mavericks during the fourth quarter at the American Airlines Center. The Nuggets defeated the Mavericks 115-93. Mandatory Credit: Jerome Miron-US PRESSWIRE

Of the three free agents, Fernandez is the most expendable. He missed most of last season and the Nuggets already have swingman Wilson Chandler and Jordan Hamilton under contract and both could easily take his minutes. When he played Fernandez brought energy into the game and was a big part of Denver’s bench brigade. If he does come back it would be most likely be for the $3.2 million qualifying offer if that is available,that is if the Nuggets offer it. Fernandez could also opt to play overseas, which was the rumor last season.

Miller is another player that may not be back. He wasn’t happy playing second-fiddle to Ty Lawson and wants to pursue a starting job. There are at least nine different teams that could need a point guard and Miller’s gutsy performance in the playoffs could help him find a starting gig. The Nuggets would love to have him back, he brought veteran savvy to the squad and had the size to play next to Lawson. If Miller does leave, the Nuggets could sign Kirk Hinrich, Shaun Livingston, Jonny Flynn or Daniel Gibson.