Jones should open the new year in a significant role for the Nuggets after Peyton Watson was dealt to the Cavaliers.
The Nuggets made an effort to keep Jones this offseason, matching the Thunder's two-year, $12 million offer sheet, and the forward should occupy a key reserve role off the bench now that Watson is out of the mix. Jones made 64 regular-season appearances (37 starts) in 2025-26, averaging 5.5 points, 3.3 rebounds, 0.8 assists and 0.8 steals in 22.1 minutes per game.
The Nuggets matched the Thunder's two-year, $12 million offer sheet for Jones on Sunday, Shams Charania of ESPN reports.
The Nuggets will hold onto Jones after the Thunder offered him a deal Saturday. The 25-year-old wing went undrafted in 2024 and began his career on a two-way pact, though he was eventually upgraded to a standard deal in February. He appeared in 64 regular-season games (37 starts) in 2025-26, averaging 5.5 points, 3.3 rebounds, 0.8 assists and 0.8 steals across 22.1 minutes per contest.
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Nuggets' Spencer Jones: Agrees to offer sheet with OKC
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Jones agreed to a two-year, $12 million offer sheet with the Thunder on Saturday, Michael Scotto of HoopsHype.com reports.
After receiving a qualifying offer from the Nuggets earlier in the offseason, Jones entered restricted free agency and appears to have found a match with the Thunder. The Stanford product saw extended playing time during the 2025-26 regular season, averaging 5.5 points and 3.3 rebounds while shooting 50.4 percent from the field and 39.6 percent from beyond the arc in 22.1 minutes per contest across 64 appearances (37 starts). Denver will have until 11:59 p.m. ET on Sunday to match the offer, per Shams Charania of ESPN, but if the club opts not to, Jones will head to Oklahoma City, where he's likely to slot in as a reserve and provide depth on the wing.
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Nuggets' Spencer Jones: Receives qualifying offer
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The Nuggets tendered a qualifying offer to Jones on Monday, Keith Smith of Spotrac.com reports.
After a quiet rookie season, Jones was thrust into extended action last year due to numerous injuries in Denver. He averaged 22.1 minutes across 64 regular-season appearances, including 37 starts. He shot 50.4 percent from the floor, including 39.6 percent from deep on 2.3 attempts per game.
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Nuggets' Spencer Jones: Sees 35 minutes in loss
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Jones registered eight points (3-4 FG, 2-3 3Pt), two rebounds, one assist and one block in 35 minutes during Thursday's 110-98 loss to the Timberwolves in Game 6 of the first round of the Western Conference playoffs.
The Nuggets struggled with injuries this season at forward, but Jones emerged from his two-way contract and earned a standard deal in the process. He ended up with 64 regular-season appearances, posting averages of 5.5 points, 3.3 rebounds and 0.8 steals in 22.1 minutes per contest.
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Nuggets' Spencer Jones: Provides spark in fill-in role
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Jones closed with 20 points (7-9 FG, 4-5 3Pt, 2-2 FT), three rebounds, one assist, three blocks and three steals across 37 minutes during Monday's 125-113 victory over Minnesota in Game 5 of the first round of the Western Conference playoffs.
With Aaron Gordon (calf) out, Jones joined the starting five and recorded his second-highest scoring total of the season during the convincing victory. The Stanford product started in 37 of 64 games this season and has witnessed sharp increases in minutes, points, rebounds and assists during the 2025-26 campaign. Jones has finished with zero points twice during this series, and a return from Gordon in Game 6 could greatly diminish his fantasy prospects.
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Nuggets' Spencer Jones: Drawing start in Game 5
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Jones will start Monday's Game 5 of the Western Conference first-round series against Minnesota.
Jones will slot into the starting lineup for Aaron Gordon, who was ruled out about one hour before tipoff with a calf injury. Jones has failed to make much of an impact so far this series, as he's averaging 2.8 points and 1.8 rebounds in 18.0 minutes per game.
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Nuggets' Spencer Jones: Held scoreless in defeat
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Jones contributed zero points (0-2 FG, 0-2 3Pt), four rebounds, two blocks and one steal in 25 minutes during Saturday's 112-96 loss to the Timberwolves in Game 4 of the first round of the Western Conference playoffs.
Jones performed clean-up duty and also stepped in for Aaron Gordon briefly after the latter went to the locker room due to a calf injury. Jones' meager production mimicked below-average results from the first-unit wings, yet he could be relied on for a bigger role in Game 5 if Gordon's calf issue limits him in any way. Although Jones started for Gordon in Game 3, he's generated only 11 total points over the four-game series against the Timberwolves.
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Nuggets' Spencer Jones: Won't start Saturday
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Jones won't start Saturday's Game 4 of the Western Conference first-round series against the Timberwolves.
With Aaron Gordon back from a one-game absence due to calf tightness, Jones will slide to the second unit. He totaled just 19 minutes off the bench across the first two games of this series, amassing five points and two rebounds in those appearances.
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Nuggets' Spencer Jones: Entering starting lineup
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Jones is starting Game 3 against the Timberwolves on Thursday.
Jones will step into the starting lineup for Aaron Gordon, who was ruled out for Game 3 due to a calf injury. Jones hasn't been all that involved in the rotation so far during the first round, but he should receive a drastic uptick in opportunities Thursday evening.
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Nuggets' Spencer Jones: Available Saturday
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Jones (hamstring) is available for Saturday's Game 1 against the Timberwolves.
Jones missed Denver's final six regular-season games due to a right hamstring strain but will return for the start of the playoffs. With Peyton Watson (hamstring) still sidelined, Jones will likely see minutes with the second unit. The 24-year-old averaged 2.7 points and 2.5 rebounds across 15.0 minutes per game in 26 regular-season appearances off the bench.
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Nuggets' Spencer Jones: Questionable for Game 1
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Jones (hamstring) is questionable for Saturday's Game 1 matchup with Minnesota.
Jones missed the Timberwolves' final six regular-season games due to the hamstring injury, but there's a chance he'll be cleared for Saturday's game. If he does play, he'll likely have some strict minutes restrictions in his first game back.
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Nuggets' Spencer Jones: Out vs. San Antonio
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Jones (hamstring) is out for Sunday's game against the Spurs.
Jones will miss a sixth straight game due to a right hamstring strain. It remains to be seen whether he'll be ready for the start of the playoffs next week, as he'll have an entire week to continue his rehab. Jones averaged 5.5 points and 3.3 rebounds per game in 64 appearances (37 starts) in the regular season.
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Nuggets' Spencer Jones: Still out for Wednesday
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Jones (hamstring) has been ruled out for Wednesday's game against the Grizzlies.
The 24-year-old forward will miss a fourth consecutive contest due to a right hamstring strain, and it's not an encouraging sign that he continues to be ruled out a day in advance of tipoff. With Jones and Peyton Watson (hamstring) both sidelined, Julian Strawther will likely continue seeing meaningful playing time.
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Nuggets' Spencer Jones: Ruled out for Saturday
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Jones (hamstring) has been ruled out for Saturday's game against San Antonio.
Jones will miss a second consecutive contest due to a right hamstring strain, and it's not an encouraging sign that he's being ruled out a day in advance of tipoff. His next opportunity to play will come Monday against Portland. With Peyton Watson (hamstring) also sidelined, Julian Strawther and Tim Hardaway (knee) are candidates for increased playing time.
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Nuggets' Spencer Jones: Won't start Friday
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Jones won't start Friday's game against the Jazz.
With Aaron Gordon (hamstring) back in the lineup, Jones will slide to the second unit. The 24-year-old forward has averaged 4.2 points and 3.6 rebounds across 19.6 minutes per game over his last five appearances off the bench.
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Nuggets' Spencer Jones: Retreating to bench
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Jones won't start Friday's game against the Raptors.
With Aaron Gordon (hamstring) back in the lineup, Jones will slide back to the second unit. The 24-year-old forward has averaged 4.0 points and 3.6 rebounds across 18.6 minutes per game over his last five outings off the bench.
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Nuggets' Spencer Jones: Back in starting five Wednesday
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Jones is part of the starting lineup for Wednesday's game against Memphis.
Jones will draw the start Wednesday due to the absences of Aaron Gordon (hamstring) and Peyton Watson (hamstring). In 35 starts this season, Jones is averaging 7.8 points, 3.9 rebounds and 1.1 steals across 28.0 minutes.
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Nuggets' Spencer Jones: Turns in strong final line
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Jones totaled 19 points (8-13 FG, 3-6 3Pt), four rebounds, two assists, two blocks and two steals in 33 minutes during Thursday's 136-131 win over the Spurs.
Jones showed up from downtown during Thursday's clash and drilled his first triple since Feb. 25, which was followed up by two more threes before the night came to an end. He provided a strong boost for the Nuggets on both ends of the court after being held to zero points in 20 minutes Wednesday against Houston. Jones certainly benefitted from the absence of Aaron Gordon (hamstring), so this type of production is unlikely to last once Gordon is cleared to return.
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Nuggets' Spencer Jones: Promoted to starting five
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Jones will start Thursday's game against the Spurs.
Jones will make his first start since Feb. 4, as the Nuggets ask him to fill in for Aaron Gordon (hamstring) Thursday evening. Jones has offered up limited contributions lately and has scored in double figures only once in his last 12 outings (four starts).