12:13pm: Adrian Wojnarowski of Yahoo! Sports puts the brakes on talks of a deal, reporting that the Nuggets are still considering several trades for Hamilton (Twitter link).
11:49am: The Nuggets have agreed to send Jordan Hamilton to the Knicks for Beno Udrih, having reached agreement on a deal that sends Andre Miller to Washington, tweets Marc Stein of ESPN.com. The Wizards were also targeting Udrih, but they landed Miller instead, opening the door for Udrih to go to Denver.
The deal came together from talks the Knicks and Nuggets had about an Iman Shumpert-for-Kenneth Faried swap. Denver resisted that deal, but was apparently more receptive to the swap of the smaller names.
Hamilton makes about $1.17MM this year, the third season of his rookie scale contract. The Nuggets declined his fourth-year option before the season, so he’ll be an unrestricted free agent this summer. Udrih is on a one-year deal for the minimum-salary.