Nuggets Could Face $177M Luxury Tax Bill

3 minutes ago

Nuggets Could Face $177M Luxury Tax Bill

The Nuggets could be hit with a staggering $177 million luxury tax penalty if they waive Jonas Valanciunas and sign Peyton Watson to a $25 million-per-year extension, according to Bobby Marks. The massive tax bill highlights the financial challenge Denver faces as it negotiates Watson's next contract, while trying to build a competitive roster around 3x MVP Nikola Jokic.

By Pranay Mukherjee

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