Veteran Richard Jefferson signing with Denver Nuggets

Forward Richard Jefferson is signing a one-year deal with the Denver Nuggets. (AP)

CLEVELAND – Veteran forward Richard Jefferson is signing a one-year, $2.3 million deal with the Denver Nuggets. Jefferson confirmed the deal in a text message to The Vertical.

“I picked Denver because I believe in what they are doing and building and believe I can add and contribute on and off the court to their nucleus in a positive way,” Jefferson told The Vertical.

Jefferson, 37, fielded offers from several teams after being waived by Atlanta on Saturday. The Hawks acquired Jefferson from Cleveland earlier Saturday; the Cavaliers needed to clear a roster spot and moving Jefferson and Kay Felder saved $12.8 million in potential luxury-tax penalties.

Jefferson played in 79 games for Cleveland last season and was a key role player in the Cavaliers’ 2016 NBA title run.

Jefferson goes from a team competing for a championship to one gunning for one of the Western Conference’s final playoff spots. He joins a crowded frontcourt rotation that includes Wilson Chandler, Paul Millsap and Kenneth Faried.

The deal was first reported by ESPN.

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes