Spencer Jones agrees to Thunder offer; Nuggets get option to match
Spencer Jones is on the move. The Denver Nuggets restricted free agent has agreed to a two-year, $12 million offer sheet with the Oklahoma City Thunder. Jones leaves Denver after two seasons, where he established himself as a reliable contributor. Last season, he shot an impressive 69.2% from three-point range during the playoffs, a performance that clearly caught the attention of the front office in Oklahoma City.
During the 2025-26 regular season, Jones appeared in 64 games and made 37 starts. He averaged 5.5 points and 3.3 rebounds per contest. His departure marks a shift for the Nuggets, a team that faces pressure from rising luxury tax bills. Managing the restricted free agencies of contributors like Jones and Peyton Watson has become a priority for the organization.
The clock is now ticking for Denver. The Nuggets possess the right to match the terms of the two-year contract. They have until 11:59 p.m. ET on Sunday to decide whether to keep Jones or allow him to join the Thunder. If they decline to match, Oklahoma City secures a perimeter threat who demonstrated peak efficiency during the highest-stakes moments of last year's postseason.