Nuggets’ Luxury Bill Soars by $32 Million After Matching Spencer Jones’ Offer Sheet

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Nuggets’ Luxury Bill Soars by $32 Million After Matching Spencer Jones’ Offer Sheet

By matching Jones' offer sheet, the Nuggets will see their luxury tax bill rise from $36 million to $68 million, entering the second apron, according to Shams Charania. However, Denver could still shed salary through smart in-season trades. Their next priority is retaining restricted free agent Peyton Watson, who is drawing interest from the Hawks, Bucks, and Clippers.

By Pranay Mukherjee

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