PORTLAND, ORE., JUNE 14 -- Former Philadelphia 76ers executive John Nash is no longer under consideration for the Denver Nuggets' general manager spot, and may take the Washington Bullets' GM position as early as this weekend, according to two sources.

This comes on the same day that the Nuggets appear to have renewed interest in Georgetown Coach John Thompson for the general manager's job and the possibility of some kind of ownership. Another report has a sports shoe/clothing manufacturer, Nike Inc., showing interest in Thompson for a top management position. Thompson has been a representative for Nike Inc. for a number of years.

Thompson reportedly turned down a similar offer from Denver last week, sources said, and could have been a candidate for the Bullets' GM job, if he wished. He also could have been a candidate for the post of director of basketball operations with the Boston Celtics since he is very close with Celtics President Red Auerbach. In the past few seasons, sources say, strains and demands from the high-profile Georgetown position have begun to show on the 48-year-old Thompson. His record at Georgetown in 18 years is 423-142, including one NCAA championship and two second-place finishes.

Reached for comment, Thompson denied the reports.

Nash, who resigned from Philadelphia June 6, met with club owner Abe Pollin and other Bullets officials at Pollin's home in Bethesda Wednesday for two hours before returning to Philadelphia. He is still under contract with the 76ers until July 1.

A Western Conference executive said yesterday that though Nash may not have officially withdrawn his name from consideration by Denver, "I don't think he's a candidate any longer. I haven't talked with him but I have a feeling he's going in a different direction."

The executive also said that Thompson and Denver managing partner Peter Bynoe spoke last week. Bynoe told the source that "he's not talking to Thompson {and} I believe him," but others have indicated the Nuggets are once again looking into hiring the Georgetown coach.

Meanwhile, former Bullets GM Bob Ferry said last night that he's talked to "a team or two" in the last couple of days but that nothing substantial has yet to come of the discussions.

Asked if he'd like to stay in the league, Ferry said: "I guess you could say that if it's the right situation. I could have a job tomorrow, today, yesterday, if I thought it was the right situation."

Ferry said there wasn't much to clean out of his office -- "some pictures that I never hung. I haven't hung pictures for the last 10 years. Other people hung pictures for me. I really had nothing to clean out. I took things home all the time."

Ferry took exception when asked if he now had a more detached view of what ails the Bullets.

"I don't think the franchise is ailing," he said. "The franchise has been tremendous. We kind of got caught in the middle of the pack and didn't get a break. It took great effort to stay good or bad, depending on how you look at it. Something nobody talks about is maybe the best deal in the last 10 years, getting Bernard King for nothing. Everyone wants to talk about Muggsy Bogues, who's still in the league and doing a great job."

The criticism did buffet Ferry a bit, he said, though he didn't know how much.

"Everything has an effect," he said. "How much, I don't know. It's not frustration or anything like that. I think so many people on the outside that talk about what you do have no understanding of what you do. {But} I can understand that."

Washington's next general manager will have to immediately address the notion of whether to trade up to get a first-round pick in the June 27 draft and whether to make an offer to Cleveland forward John "Hot Rod" Williams, the most coveted free agent available. Williams is a restricted free agent pending a hearing this week to determine whether he should be declared unrestricted and free to negotiate with any team.

That suits Nash fine. Having handled both the basketball and business end of the spectrum in Philadelphia, Nash has said he would like to be responsible only for basketball matters in his next place of employment.

Several league executives interviewed yesterday said that Nash would be a good hire for the Bullets, who are searching for their first basketball man in 17 years after the resignation of Ferry Tuesday.

Nash's experience in trying to sell the 76ers in a skeptical Philadelphia market could help him adjust quickly with the Bullets, traditionally one of the league's tough-luck draws though attendance went up this past season.

"Washington is a tough market," one executive said. Atlanta is a tough market. Philadelphia is a tough market. They're the three toughest in the Eastern Conference."

Staff writer Mark Asher contributed to this report from Washington.