BREAKING: Charlotte Hornets Trade For NBA Champion Point Guard

According to ESPN's Adrian Wojnarowski, the Denver Nuggets have traded Reggie Jackson to the Charlotte Hornets.

Nov 12, 2023; Houston, Texas, USA; Denver Nuggets guard Reggie Jackson (7) reacts at the end of the National Anthem before playing against the Houston Rockets at Toyota Center. Mandatory Credit: Thomas Shea-USA TODAY Sports / Thomas Shea-USA TODAY Sports

Reggie Jackson is coming off his second season playing for the Denver Nuggets.

The 13-year NBA veteran finished the year with averages of 10.2 points, 1.9 rebounds and 3.8 assists per contest while shooting 43.1% from the field and 35.9% from the three-point range in 82 games.

Recently, ESPN's Adrian Wojnarowski reported that Jackson opted into the final year of his contract, which will pay him $5.3 million for the 2024-25 season.

On Thursday, Wojnarowski reported that the Nuggets have now traded Jackson to the Charlotte Hornets.

Via Wojnarowski: "Denver is trading Reggie Jackson to Charlotte with three unprotected second-round picks, source tells ESPN."

Denver is trading Reggie Jackson to Charlotte with three unprotected second-round picks, source tells ESPN.

— Adrian Wojnarowski (@wojespn) June 27, 2024

ESPN's Tim Bontemps reported more details about the deal.

Via Bontemps: "Denver, which is bumping up against the second apron and still has Kentavious Caldwell-Pope out there as a pending free agent, gets some significant savings moving off of Jackson’s $5.25 million salary for next season."

Denver, which is bumping up against the second apron and still has Kentavious Caldwell-Pope out there as a pending free agent, gets some significant savings moving off of Jackson’s $5.25 million salary for next season. https://t.co/NsQMlNGXOb

— Tim Bontemps (@TimBontemps) June 27, 2024

Jackson has been a key role player for Denver, so it will be interesting to see if they look to replace him (via free agency or trade).

He helped the team win the 2023 NBA Championship over Jimmy Butler and the Miami Heat.

Apr 20, 2024; Denver, Colorado, USA; Denver Nuggets guard Reggie Jackson (7) drives to the basket during the first quarter against the Los Angeles Lakers in game one of the first round for the 2024 NBA playoffs at Ball Arena. Mandatory Credit: Andrew Wevers-USA TODAY Sports / Andrew Wevers-USA TODAY Sports

Jackson was initially the 24th pick in the 2011 NBA Draft (out of Boston College) and has also spent time with the Los Angeles Clippers, Detroit Pistons and Oklahoma City Thunder.

He is 34, so a team like Charlotte is not a great fit, and he could very easily get traded (again) before the end of the offseason.

After moving Reggie Jackson (assuming no salary is coming back), the Nuggets are:

$1.4M under the tax
$8.7M under the first apron
$19.5M under the second apron

— Keith Smith (@KeithSmithNBA) June 27, 2024