Update: The Nuggets will waive Jameer Nelson, according to Wojnarowski:
It looks like Denver will ride with the younger Jamal Murray and Emmanuel Mudiay at point guard — a risky proposition. Nelson stabilized the position in the event Murray or Mudiay weren’t ready for bigger roles. The Nuggets aren’t hedging their bets now, which puts plenty of pressure on Murray and Mudiay.
Murray should be fine eventually. Mudiay’s promise is far less certain. But this is a team trying to reach the playoffs now, and it might have to ride out growing pains from its point guards without Nelson as a safety net.
Richard Jefferson became a late entrant into free agency when the Cavaliers traded him and the Hawks waived him.
But the forward is landing on his feet.
Adrian Wojnarowski of ESPN:
Jefferson could help the Nuggets, who look primed to end a four-season playoff drought. They were set to squeeze backup small-forward minutes behind Wilson Chandler out of the undersized Will Barton and oversized Juan Hernangomez. Jefferson is far more comfortable at the position.
He’s 37 and doesn’t offer long-term upside, but he’s a savvy defender and still pretty athletic. He picks his spots well enough offensively to help on that end, too.
But Denver also has a deep roster that already had 15 players on standard contracts. There’s not an obvious cut to make room for Jefferson, though the Nuggets clearly have something planned.