7 hours ago
(This post was last modified: 7 hours ago by HoosierDaddyKid.)
JUST IN: Restricted free agent forward Spencer Jones has agreed to a two-year, $12 million offer sheet with the Oklahoma City Thunder, league sources told @hoopshype. The Denver Nuggets will have an opportunity to match the offer sheet. Bobby Marks: Barring a trade, the Nuggets luxury tax penalties will only increase. For example: Matching the Spencer Jones Offer Sheet and signing Peyton Watson to a contract in the $23M range would put the Nuggets at: $238M in tax penalties. That does not include payroll. The impact of the repeater luxury tax. Denver finances: Current tax penalty: $36.4M. With Spencer Jones: $68.6M The Lu Dort trade gave OKC the flexibility to have the $6.1M tax midlevel exception available to use for a Jones Offer Sheet.
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