Nuggets Sign Richard Jefferson To One-Year Deal

OCTOBER 19: Jefferson’s deal with the Nuggets is now official, per RealGM’s log of NBA transactions. Denver waived Nelson on Wednesday to open up a roster spot for the veteran forward.

OCTOBER 16: Veteran forward Richard Jefferson has agreed to a one-year, $2.3MM contract with the Nuggets, Adrian Wojnarowski of ESPN reports.

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.

Jefferson fortifies the small forward spot behind Wilson Chandler. His primary backup, Will Barton, suffered an ankle injury in practice on Monday.

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.

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