"Jones agreed to terms on one-year deal with the Nuggets, the Denver Post reports.  Jones played well for Denver's summer-league team and parlayed that into a guaranteed contract for the upcoming season. He's best known for his defense, which would be novel on a Nuggets team that allowed 107 points per game in 2007-08."

from nba fantasy news

Probably a wise move. Solid swingman who can defend. They are giving him $1m for the year which is ok given his experience