Nuggets to match Spencer Jones' two-year, $12M offer sheet

The move pushes Denver into the second apron.

Wire Report IntelligenceUpdated Jul 271 min read

#Nuggets update Via @TroyRenck on X

What happened: The fully guaranteed contract Denver first signed Jones after he went undrafted in 2024.

Why it matters: The match raises Denver's projected luxury-tax bill from about $36 million to $68 million. Salary-cutting trades could reduce that cost during the season.

By the numbers: Jones averaged 5.5 points and 3.3 rebounds across 64 games in 2025-26, making 37 starts. He shot 39.6% from 3-point range in the regular season and 69.2% in the playoffs.

What to watch: Denver's next roster moves will show whether it sheds salary to offset the larger tax bill.

Sources

@TroyRenck 2026-07-27T04:32:24.729400+00:00

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