FRIDAY, 3:28pm: The Nuggets have officially signed Robinson, the team announced today in a press release.
MONDAY, 2:47pm: The second year of Robinson's deal will be a player option, according to Amick. That will give the veteran point guard the chance to opt out in search of a larger or longer-term contract next summer.
2:26pm: The Nuggets and Nate Robinson have reached a contract agreement, reports Benjamin Hochman of the Denver Post. According to Hochman, Robinson will ink a two-year deal with the Nuggets. Marc J. Spears of Yahoo! Sports and Sam Amick of USA Today reported earlier this afternoon that the two sides were moving toward an agreement.
According to Amick's previous update, the Nuggets were offering Robinson the bi-annual exception, since the team no longer has its mid-level exception, having used it to sign J.J. Hickson. Assuming Robinson signs for the full value of the BAE for two years, his deal would be worth about $2.02MM for the coming season, and $4.12MM in total.
Robinson appeared in all 82 regular season games for the Bulls last year, averaging 13.1 PPG and 4.4 APG in just 25.4 minutes per contest, good for a 17.4 PER. The Aaron Goodwin client also had some memorable performances in the playoffs, including scoring 34 points in a triple-overtime Bulls win against the Nets.
Once Robinson is locked up, the Nuggets will have three quality point guards on the roster, with Ty Lawson and Andre Miller also on board. At least one report earlier this month suggested the Nuggets were exploring trade options for Miller, so perhaps signing Robinson means the team will revisit that possibility.