Veteran forward Richard Jefferson has agreed to a one-year, $2.3MM contract with the Nuggets, Adrian Wojnarowski of ESPN reports.

Jefferson cleared waivers on Monday. He was traded by the Cavaliers to the Hawks on Saturday in a cost-cutting and roster-trimming move by Cleveland. Atlanta immediately waived him.

Denver will likely waive veteran point guard Jameer Nelson to make room for Jefferson, according to Wojnarowski.

Jefferson fortifies the small forward spot behind Wilson Chandler. His primary backup, Will Barton, suffered an ankle injury in practice on Monday.