Veteran forward Richard Jefferson is closing in on a one-year, $2.3 million veteran's minimum deal with the Denver Nuggets, according to ESPN's Adrian Wojnarowski. The Nuggets would be forced to waive one of their 15 guaranteed contracts in order to make room for his addition.

Denver is likely to waive veteran point guard Jameer Nelson, which will give a few more minutes to Jamal Murray and Emmanuel Mudiay at the position.

Jefferson was traded to the Atlanta Hawks alongside second-year point guard Kay Felder. The two were consequently waived by the team and Felder was claimed from waivers by the Chicago Bulls who included him into their final 15-man squad prior to the deadline.

The 37-year-old forward played his last two years with the Cleveland Cavaliers, being part of the 2016 championship roster than won it all for the first time in team history.

Jefferson co-hosted a popular podcast, Road Trippin' on the Uninterrupted network alongside former teammate Channing Frye and sideline reporter Allie Clifton.

He averaged 5.7 points, 2.6 rebounds, and 1.0 assists per game through limited playing time last season in more of a mentorship role for the team's young players.

Jefferson has averaged 12.8 points and 4.1 rebounds throughout his 16-year career in the NBA.