Thunder reportedly sign restricted free agent Spencer Jones to 2-year, $12 million offer sheet; Nuggets have 48 hours to match
Restricted free agent forward Spencer Jones has agreed to a two-year, $12 million offer sheet with the Oklahoma City Thunder, ESPN’s Shams Charania reports. Jones’ current team, the Denver Nuggets, has until 11:59 p.m. ET Sunday to decide whether or not to match the offer, which is fully guaranteed.
Jones, 25, just finished his second season with Denver, averaging 5.5 points and 3.3 rebounds in 22 minutes per game. He appeared in 64 games, starting 37 for the 54-28 Nuggets, who finished third in the Western Conference.
More importantly, Jones shot 40% on 144 3-point attempts. (In the playoffs, he shot 69% on 13 3-point shots.)
For a Thunder team that traded away three of its top five 3-point shooters during this offseason, Jones’ long-range accuracy could be especially valuable. Isaiah Joe (42%) was dealt to the Detroit Pistons, while Lu Dort (372 attempts) and Aaron Wiggins (270 attempts) were shipped to the Atlanta Hawks in separate trades.
Oklahoma City traded all three players to save money on its salary cap and stay below the league’s luxury tax threshold. Jones would provide a much lower-cost option to replace some of that 3-point shooting.
Undrafted out of Stanford, Jones signed a two-way contract with the Nuggets for the 2024-25 season. He was converted to a full NBA contract in February 2026.
Jones is the second unrestricted free agent to receive an offer sheet during the past week. The New York Knicks signed Dallas Mavericks center Moussa Cisse to a two-year offer worth $4.7 million. However, the Mavericks quickly matched the offer and retained the second-year center.
In addition to Jones, the Nuggets have to decide what to do with their other restricted free agent Peyton Watson, who may be seeking a $28 million per year salary. Watson, who turns 24 in September, averaged 14.6 points, 4.9 rebounds, 2.1 assists and 1.1 blocks in 54 games (40 starts). He shot 41% on 197 3-point attempts.
