ESPN's Adrian Wojnarowski reported terms of the deal. The Nuggets are able to fit McGee on to their roster using the traded player exception they acquired in the Jerami Grant deal this offseason. The structure of the deal leaves Denver $2.7 million under the NBA luxury tax, with $129.9 million in salary commitments.
Bobby Marks of ESPN noted the Nuggets receive a $1.6 million tax exception for completing the deal, whereas a $4.2 million exception goes to Cleveland.
Here is a look at Denver's updated depth chart:
C: Nikola Jokic / JaVale McGee / Bol Bol
PF: Michael Porter Jr. / Paul Millsap / JaMychal Green / Zeke Nnaji
SF: Will Barton / Vlatko Cancar
SG: Monte Morris / PJ Dozier / R.J. Hampton
PG: Jamal Murray / Facundo Campazzo / Markus Howard
This article will be updated to provide more information on this story as it becomes available.
Get the best sports content from the web and social in the new B/R app. Get the app and get the game.