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Nuggets Match Thunder's Offer Sheet and Will Bring Back Spencer Jones for a Third Season

Denver’s match raises its tax bill by $32 million and pushes the team into the second apron, ESPN reported.

  • The Denver Nuggets matched the Oklahoma City Thunder's two-year, $12 million offer sheet for forward Spencer Jones ahead of Sunday night's deadline, retaining the restricted free agent despite significant financial consequences.
  • Oklahoma City Thunder general manager Sam Presti attempted to poach the 25-year-old wing, forcing Denver to choose between losing a contributor or entering the NBA's restrictive second apron for the first time.
  • Retaining Jones increases the Nuggets' luxury tax bill by $32 million, pushing their total penalty from $36 million to $68 million. The franchise is now a "repeater tax" team facing exponential financial penalties.
  • Jones, who joined Denver as an undrafted free agent in 2024, played a crucial depth role last season, starting 37 of 64 games. He shot an NBA-best 69.2% on 3-pointers during the playoffs.
  • With 12 players under contract, Denver faces further roster decisions regarding restricted free agent Peyton Watson. Remaining over the second apron could cause the team's 2034 first-round draft pick to become "frozen.
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Nuggets match Thunder's offer sheet and will bring back Spencer Jones for a third season

·Washington, United States
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Heavy broke the news in Las Vegas, United States on Saturday, July 25, 2026.
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