FRIDAY, 6:31pm: The Nuggets have officially announced the signing in a press release on the team's website.
TUESDAY, 9:28pm: According to a report by Benjamin Hochman of the Denver Post, the Nuggets have signed forward Anthony Randolph and will use their amnesty provision to cut Chris Andersen. This will be Randolph's fourth destination since being drafted by the Warriors in 2008. The 6'10 forward averaged 7.4 PPG, 3.6 RPG, and 1.0 BPG, while shooting 47% from the field in 15.2 MPG last season for the Timberwolves. Marc J. Spears of Yahoo reports that the deal will be for $6MM over three years (Twitter link).
Despite games in which Randolph showed flashes of brilliance(28 points, 6 rebounds, and 5 blocks against the Nuggets; 22 points and 11 rebounds against the Thunder), the former LSU standout struggled to carve out a consistent role in Rick Adelman's rotation, and Minnesota ultimately did not make a qualifying offer to keep him.
Anderson was due $4.5MM and $4.8MM during the next two seasons, respectively.