Nuggets Sign Troy Daniels

MARCH 5: The Nuggets have officially signed Daniels, the team announced today in a press release.

MARCH 4: Denver is finalizing a deal with former Lakers guard Troy Daniels, tweets ESPN’s Adrian Wojnarowski.

Daniels was waived by L.A. on Sunday night after he and his agent, Mark Bartelstein, worked out a deal with the team. He cleared waivers earlier today. Daniels is a career 39.7% shooter from 3-point range and will give the Nuggets another deep threat off the bench. He will be eligible for the playoffs because he was waived by the March 1 deadline.

Denver was able to sign Daniels with the money it saved when Jordan McRae was claimed by the Pistons, notes Bobby Marks of ESPN (Twitter link). Daniels will make $481K over the rest of the season and the Nuggets will have a $385K cap hit. That salary is in addition to the $2MM he receives from the Lakers.

Daniels averaged 4.2 PPG in 41 games with the Lakers after signing a minimum-salary contract last summer. Denver will be his seventh team in a seven-year career.

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