Nuggets point guard Reggie Jackson is picking up his $5.25 million player option for the 2024-25 season as expected, a league source confirmed to The Denver Post.
Jackson, 34, will return for the second and final year of his contract. He came to Denver in February 2023 after reaching a contract buyout with the Charlotte Hornets and won his first career NBA championship five months later as a reserve for his hometown team. The Palmer High School alum then took on a larger role as Jamal Murray’s everyday backup point guard the following season, having re-signed at the taxpayer mid-level exception.
Playing in all 94 games — regular season and playoffs — Jackson averaged 10.2 points and 3.8 assists, shooting 43.1% from the field and 35.9% from three. He had an outstanding first two months of the season, starting 14 of Denver’s first 25 games while filling in for an injured Murray. But he struggled more once he returned to the second unit, and his minutes decreased to 9.8 per game in the playoffs.
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With Jackson’s decision Monday, there are 11 roster spots officially occupied for the upcoming season. Vlatko Cancar is also likely to re-sign with the Nuggets on a new one-year minimum contract after they declined his team option Sunday, a league source told The Post. If Cancar does re-sign, that leaves three openings, with Kentavious Caldwell-Pope’s player option deadline looming Saturday. League sources expect him to decline the option and attract a robust market in free agency.