In a move aimed at creating salary cap space, the Denver Nuggets have traded point guard Reggie Jackson and three unprotected second-round picks to the Charlotte Hornets, sources have said. The trade, first reported by ESPN's Adrian Wojnarowski, will allow Denver to free up cap room for the upcoming season.

Jackson, a seasoned player entering his 14th NBA season, had been with the Nuggets for the past two seasons, including their victorious 2022-23 NBA championship campaign. The 34-year-old guard played in all 82 games last season, contributing an average of 10.2 points and 3.8 assists per game. His 3-point shooting stood at an impressive 36%.

With the trade, Denver hopes to alleviate some financial pressure, considering they are currently nearing the second apron and still have Kentavious Caldwell-Pope, a pending free agent, on their roster. By moving off Jackson's $5.25 million salary for the next season, the Nuggets will be able to create significant savings.

On the other hand, the Hornets, a young team seeking veteran guidance, will benefit from Jackson's experience and expertise. As a steady backup to their talented point guard LaMelo Ball, Jackson can provide valuable leadership and support to the rising stars in Charlotte.

The trade signifies both teams' strategic approach to manage their respective rosters and salary caps. For the Nuggets, it allows them to free up resources and potentially explore other acquisitions. Meanwhile, the Hornets secure a reliable backup point guard, reinforcing their quest for success in the coming seasons.

The move also marks a new chapter in Reggie Jackson's career, as he embarks on a new journey with the Charlotte Hornets. His wealth of experience and skill set will undoubtedly make an impact on the Hornets' performance, complementing the team's aspirations for growth and success.

The details of the trade, including the exact terms surrounding the three unprotected second-round picks, have not been disclosed at this time. However, the deal reflects the Nuggets' commitment to financial flexibility and the Hornets' determination to bolster their roster with experienced players.

Both teams will now eagerly await the upcoming NBA season, where they will undoubtedly showcase their strengthened lineups and aim to make their mark in the highly competitive league.