JULY 6: The Nuggets have officially signed Holiday, according to the transaction log at NBA.com.
JULY 2: Veteran swingman Justin Holiday has found a new home in free agency, according to Adrian Wojnarowski of ESPN (Twitter link), who reports that Holiday has agreed to sign a one-year contract with the defending champion Nuggets.
A 10-year NBA veteran, Holiday will be joining the 10th team of his career. The 34-year-old has 622 regular season games under his belt, including 46 last season for the Hawks and Mavericks. He averaged 4.5 points and 1.2 rebounds in 15.3 minutes per game in limited roles for the two teams.
Holiday isn’t a big-time scorer, but can make an outside shot (.363 career 3PT%) and is a solid, versatile wing defender with good size (6’6″). He should be a good fit in the Nuggets’ locker room as another veteran leader, even if he may not play a whole lot, as Mike Singer of The Denver Post tweets.
Because they’ve committed their $5MM taxpayer mid-level exception to Reggie Jackson, the Nuggets are limited to offering minimum-salary contracts to outside free agents. Singer confirms that’s what Holiday will receive (Twitter link).
Holiday will earn just shy of $3.2MM on a veteran’s minimum contract, while Denver will take on a cap hit of about $2.02MM.