The deal, sources told Wojnarowski, is for the veteran minimum.
Thomas was initially resistant to the idea during his time with the Cleveland Cavaliers and the Los Angeles Lakers last season, but a cruel market has forced him to think things over and re-assess what is best for his career.
Former Los Angeles Lakers guard Isaiah Thomas has signed a one-year $2.3 million deal with the Denver Nuggets, per ESPN's Adrian Wojnarowski. He averaged 15 points per game in his 32 contests, far from the 29 points per game he averaged in the 2016-17 season as a member of the Celtics.
Hip injuries are tricky, so it's going to be fascinating to see if the surgery Thomas received will completely fix the issues that have hobbled him for the a year ago. But questions remain regarding his long-term health.
He'll now come off the bench behind 21-year old Jamal Murray, who is entering his third National Basketball Association season.
This represents a low-risk signing for the Nuggets, who finished ninth in the Western Conference last season, one game short of a playoff spot.
Malone is planning for Thomas, rehabbing from hip surgery, to play a significant scoring and playmaking role off the Nuggets bench.
The Nuggets evidently aren't scared off by injury concerns, as they selected Michael Porter Jr.in the first round of the NBA Draft even though he suffered a back injury at Missouri.