Veteran guard Reggie Jackson is finalizing a contract buyout with the Charlotte Hornets and plans to sign with the Denver Nuggets once he clears waivers, per The Athletic and Stadium’s Shams Charania.

Charania previously reported Jackson and the Hornets were expected to reach a buyout agreement and that the guard would “prioritize contending” as a free agent.

Charlotte acquired Jackson in the deal that sent big man Mason Plumlee to the Los Angeles Clippers ahead of the NBA’s Feb. 9 trade deadline.

This article will be updated soon to provide more information and analysis.

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