One week after acquiring Kentavious Caldwell-Pope, the Denver Nuggets and the veteran swingman have agreed to a two-year, $30 million contract extension.

The Nuggets sent Will Barton and Monte Morris to the Washington Wizards prior to free agency in July, in exchange for Caldwell-Pope and Ish Smith.

Caldwell-Pope is coming off a solid season for the Wizards, averaging 13.2 points, 3.4 rebounds and 1.1 steals over 77 games in his lone season in Washington.

Those numbers represented an improvement over the 9.7 points and 2.7 rebounds he averaged the previous season for the Los Angeles Lakers, while taking 5.3 three-point attempts per game at 39 per cent.

In nine NBA seasons with the Wizards, Lakers and Detroit Pistons, Caldwell-Pope has averaged 11.6 points and 3.1 rebounds while shooting 39 per cent from three-point range.

Caldwell-Pope makes a suitable perimeter fit in Denver and will complement reigning two-time NBA MVP Nikola Jokic, returning guard Jamal Murray and forward Michael Porter Jr.