This trade was announced on ESPN two days ago, and confirmed today by the Denver Post:
Nugets gets: Rodney White
Detroit gets: Mengke Bateer and Don Reid
The trade will most likely occur next Tuesday, after a required trade restriction for Reid has passed. White was the 9th pick in the 2001 draft out of North Carolina-Charlotte, but [...]

In a move similar to several made in the past few years (remember Tim Hardaway) a veteran point guard that arrived via trade will be waived from his contract with the Nuggets, according to the Denver Post today.
Jackson has expressed reservations about playing for the Nuggets this year. At the advanced pro-basketball age of 37, [...]