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Sources: Nuggets PG Reggie Jackson picking up $5.25M option

Denver Nuggets guard Reggie Jackson is picking up his $5.25 million option to return for the 2024-25 season, sources told ESPN's Adrian Wojnarowski on Monday.

Jackson, 34, joined the Nuggets off the buyout market for the stretch run of the 2022-23 season but played only sparingly. After re-signing with Denver last summer, Jackson had a far bigger role this past season, averaging 10.2 points and 3.8 assists in 22.2 minutes per game.

Jackson played in all 82 games for the Nuggets and started in place of injured Jamal Murray 23 times.