Nuggets face steep luxury tax increase matching Jones' contract

The Denver Nuggets are set to match a contract for Jones, resulting in a significant $32 million increase in their luxury tax bill, raising it from $36 million to $68 million. This move positions them into the second apron of luxury tax penalties. The team is currently under pressure regarding their financial obligations and could look to shed some costs through trades during the season. A key task ahead for the Nuggets is to navigate the retention of restricted free agent Peyton Watson amidst interest from the Hawks, Bucks, and Clippers.

• 2:49 AMYahoo Sports — By matching Jones' sheet, the Nuggets face a $32 …