DeMar DeRozan signs veteran-minimum contract with the Denver Nuggets

DeMar DeRozan is set to sign a one-year contract with the Denver Nuggets for the veteran minimum of $3.9 million, according to an insider. The 37-year-old, a six-time All-Star, will be playing for his fifth franchise in an 18-year NBA career. The move gives Denver a seasoned backcourt presence after they dealt 23-year-old wing Peyton Watson to Cleveland in a multi-team transaction.

Watson, who started a career-high 40 games last season, posted personal bests in points, rebounds and assists. DeRozan, originally drafted ninth overall by Toronto in 2009, has previously played for the Raptors, Spurs, Bulls and Kings, and averaged 18.4 points in his most recent season.