KJ Simpson will sign a two-way contract with the Nuggets, sources told ESPN’s Shams Charania (Twitter link).

The 23-year-old point guard was selected by Charlotte with the 42nd pick in the 2024 draft and inked a two-year, two-way deal. He remained on the roster until he was waived earlier this month to open up a spot for the Hornets to sign Tosan Evbuomwan.

Simpson appeared in 50 games and made 17 starts during his time in Charlotte. He averaged 7.3 points, 2.9 assists and 2.8 rebounds in 21.3 minutes per night with .346/.266/.773 shooting numbers. He hasn’t appeared in a game since December 18.

Denver will have a two-way opening after promoting Spencer Jones to a standard contract.

If Simpson’s new deal becomes official today, he will be eligible to appear in up to 16 regular season games. That number goes down to 15 if he doesn’t sign until Thursday.

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