The Denver Nuggets are called the "Nuggets" as a tribute to Colorado's 19th- century gold rush history. The name refers to the gold nuggets that were historically mined in the region, symbolizing the state's early settlers' efforts to find prosperity through mining. This name change from the Denver Rockets to the Nuggets happened in 1974 as the team anticipated joining the NBA and wanted a name reflective of local heritage. The team's logo and colors also incorporate mining elements, such as pickaxes, further emphasizing this connection to the gold rush era. Additionally, the name "Nuggets" carries a metaphorical meaning in basketball as players who have potential but need to be developed—a fitting representation for the team's approach to building talent and hard work on the court.