Sources: Nuggets matching OKC's offer sheet to Spencer Jones
The Denver Nuggets have officially decided to match the Oklahoma City Thunder's two-year, $12 million offer sheet for forward Spencer Jones. By retaining Jones, who signed with the organization as an undrafted free agent in 2024, Denver keeps a key rotational piece despite significant financial implications.
The decision carries heavy consequences under the league's current collective bargaining agreement. Matching this offer pushes the Nuggets into the second apron for the first time in franchise history. This move increases their projected tax penalty by $32 million, bringing their total estimated tax burden to $68 million. Denver currently stands as the only team in the league operating in the second apron.
Jones proved his value to the organization during the 2025-26 season. He provided reliable production over 64 games and demonstrated impressive accuracy during the playoffs, where he recorded an NBA-best 69.2% shooting mark from 3-point range. The front office viewed him as an essential homegrown talent worth the added expense.
Looking ahead, the Nuggets remain busy in a volatile market. The team is also working to retain restricted free agent Peyton Watson, who is drawing interest from the Atlanta Hawks, Milwaukee Bucks, and LA Clippers. If Denver matches further offers for their remaining free agents, their tax bill could rise even higher. With the season approaching, the organization may still look for ways to shed salary through future trades to manage the financial stress.