Jefferson cleared waivers on Monday. He was traded by the Cavaliers to the Hawks on Saturday in a cost-cutting and roster-trimming move by Cleveland. Atlanta immediately waived him.
Denver will likely waive veteran point guard Jameer Nelson to make room for Jefferson, according to Wojnarowski.
It’s somewhat surprising that Denver would let Nelson go, as he was considered a potential starter during camp. The Nuggets have apparently decided to go with the much younger duo of Emmanuel Mudiay and Jamal Murray at point guard.
The Bucks were considered contenders for Jefferson’s services but wound up claiming another ex-Cavalier, DeAndre Liggins, on Monday. Jefferson, 37, averaged 5.7 PPG and 2.6 RPG in 79 regular-season contests last year.
Contractually, Jefferson will collect two paybacks. He’ll also receive $2MM from the Hawks, who will get a $500K set-off at the end of the season, Bobby Marks of ESPN tweets.