Denver Nuggets Match Thunder’s $12 Million Offer Sheet to Retain Spencer Jones

The Denver Nuggets are keeping one of their promising young forwards in the fold.

According to ESPN’s Shams Charania, the Nuggets have matched the Oklahoma City Thunder’s two-year, $12 million offer sheet for restricted free agent Spencer Jones, ensuring he remains in Denver.

Jones, who signed with the Nuggets as an undrafted free agent in 2024, has steadily developed into a valuable rotational piece. Denver’s decision to match the offer underscores the organization’s belief in his long-term potential and its commitment to retaining homegrown talent.

The Thunder attempted to pry Jones away with a two-year deal worth $12 million, but the Nuggets exercised their right to match the contract, preventing Oklahoma City from adding another versatile wing to its roster.

Denver has consistently emphasized player development, and Jones represents another success story. After entering the league without hearing his name called on draft night, he earned his opportunity through hard work and has become a trusted contributor on a Nuggets team looking to remain among the Western Conference contenders.

By matching the offer sheet, Denver avoids creating another hole on the wing while maintaining continuity heading into the 2026-27 season. Jones’ combination of size, defensive versatility, and developing offensive game made him a priority for the Nuggets, who were unwilling to let him walk in restricted free agency.

For Oklahoma City, the unsuccessful pursuit marks a missed opportunity to add another young, two-way forward to an already talented roster. The Thunder will now likely shift their focus to other free-agent options.

With the decision finalized, Spencer Jones officially remains a member of the Denver Nuggets under a new two-year, $12 million contract.

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