Nuggets' Tax Trap with Spencer Jones | NBA News

Denver just splashed thirty-eight million to keep Spencer Jones, who’ll earn just six million next season, after matching OKC’s twelve-million offer — a move that’s pushed them over the luxury tax apron and ballooned their tax bill to nearly sixty-eight million. But Jones isn’t even the biggest free agent headache: Peyton Watson, a breakout defender, reportedly wants a seven-year, seventy-million deal, but may take the qualifying offer to become unrestricted next year — a gamble Denver might need to take to avoid a four-hundred-million tax nightmare. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/13e34e11f9151029