The Nuggets had hoped to sign two-way standout Spencer Jones to a team-friendly multiyear contract when they promoted him to the standard roster earlier this month, writes Bennett Durando of The Denver Post.
However, Denver’s financial flexibility was limited because of its proximity to the luxury tax line, making it difficult to present an offer strong enough to secure a long-term agreement.
As a result, the second-year forward chose to bet on himself rather than accept a below-market deal.
The Nuggets ultimately completed a straight conversion of Jones’ two-way contract, allowing the 24-year-old to earn the veteran’s minimum for the remainder of the season while positioning him for restricted free agency this summer.
“It was preferred (this way). I kind of wanted the optionality,” Jones said, according to Durando.
“And I love Denver. But I just wanted to keep the optionality open. I was happy they were able to let me do that. I’m really happy with the decision. Like I said, I love it here. Definitely want to stay here.”
Although Jones’ rest-of-season salary, $623,967, is relatively small by NBA standards, it closely matches what he would have earned had he remained on his two-way deal for the full season ($636,435).
The promotion also removes the restrictions tied to two-way contracts, including the 50-game regular-season limit and playoff ineligibility.
“It’s great to not have that little asterisk with the two-way anymore,” Jones said. “To fully feel like you’re part of the team. Obviously, everybody had embraced me (before), but it’s nice to get that contractually.”
Northwest Notes: S. Jones, Jay. Williams, Anderson, Henderson https://t.co/lstDLcKNwH pic.twitter.com/JYtlUcghJ1
— Hoops Rumors (@HoopsRumors) February 27, 2026
