Jackson, along with three second-round picks, was traded to the Hornets from the Nuggets on Thursday, Adrian Wojnarowski of ESPN reports.
Denver is effectively salary-dumping the veteran guard to Charlotte to create financial flexibility. It's possible the Hornets will attempt to ship Jackson off elsewhere, though he would add a veteran presence to a team looking to transition from rebuilding to being competitive. If he remains with Charlotte, Jackson will compete for backup guard minutes.