Spencer Jones Signs Offer Sheet With Thunder; Nuggets Have Until Sunday to Match
Restricted free agent Spencer Jones signed a two-year, $12 million fully guaranteed offer sheet with the Oklahoma City Thunder. The Denver Nuggets have until 11:59 p.m. ET Sunday to match the offer and retain the sharpshooter.
Restricted free agent Spencer Jones agreed to a two-year, $12 million fully guaranteed offer sheet with the Oklahoma City Thunder, according to ESPN. The Denver Nuggets have until 11:59 p.m. ET Sunday to match the offer and keep the shooter who has completed two seasons with the franchise.
Jones shot 69.2% from three-point range during the playoffs last season, an NBA-best figure, per ESPN. In the 2025-26 regular season, Jones averaged 5.5 points and 3.3 rebounds in 64 games, starting 37 of them. Agent Adam Godes of ADS Sports represents Jones.
The Nuggets face competing financial pressures. Rising luxury tax bills have created constraints as Denver handles restricted free agency for both Jones and teammate Peyton Watson, per ESPN's reporting. A match would commit resources to Jones at a moment when the team's tax situation is already strained. The Nuggets' current luxury tax position, their intentions regarding the match, and the status of Watson's parallel restricted free agency remain unclear from available reporting.
Spencer Jones agreed to a $12 million fully guaranteed two-year deal with Oklahoma City; Denver has 48 hours to match.
Jones's 69.2% three-point shooting in the playoffs made him a valuable depth piece Denver may want to retain, but the Nuggets must decide by Sunday whether the financial commitment fits their tax constraints. A decision not to match would hand a proven postseason shooter to a Western Conference rival.
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