NBA Basketball

Nuggets officially sign Jefferson, waive Nelson

(Photo by Nathaniel S. Butler/NBAE via Getty Images)

(TSX / STATS) -- The Denver Nuggets announced the signing of veteran forward Richard Jefferson on Thursday.

The team also announced it had waived guard Jameer Nelson.

Jefferson, 37, cleared waivers Monday after being waived by the Hawks after Atlanta acquired him in a trade with the Cleveland Cavaliers that was completed Saturday.

ESPN previously reported Jefferson will make $2.3 million in the one-year deal.

Jefferson is joining his seventh NBA team after debuting in the 2001-02 season and spending his first seven seasons with the then-New Jersey Nets. He made the NBA's All-Rookie Second Team in 2002.

He spent the last two years with the Cavaliers, serving as a role player and helping the franchise win its first championship during the 2015-16 season.

The 16-year NBA veteran has averaged 12.8 points, 4.1 rebounds and 2.1 assists in 1,161 career games.

Nelson, 35, spent the past two-plus seasons with Denver, averaging 8.9 points and 4.7 assists over 148 games.

Updated October 19, 2017

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