The Denver Nuggets are handling a severe financial crisis that could lead to the departure of star guard Jamal Murray. This speculation comes even as the team enjoys a three-game winning streak, capped by a 136-119 victory over the Memphis Grizzlies on April 9, 2026.
The Nuggets are in the worst financial position in franchise history. Re-signing Spencer Jones to a two-year, $12 million deal pushed the team into the NBA's second apron. Their projected luxury tax penalty is a staggering $68 million.
They still have two roster spots to fill, which will add more cost. This situation forced the team to let go of valuable role player Peyton Watson earlier in the offseason because they couldn't afford him.
Analysts believe a Murray trade is a real possibility if the financial pressure becomes too great. Sean Deveney noted the team's grim finances and compared it to a "Jaylen Brown situation," referencing a past major trade driven by salary.
Murray has earned $218 million in his career and is an elite shot-maker. Trading him would bring a significant return of assets and create immediate financial flexibility for the front office.
He was instrumental in Denver's 2023 NBA championship run. Moving on from a player of his caliber would signal a dramatic shift for the franchise.
Adding to the uncertainty is the contract status of two-time MVP Nikola Jokic. He is set to potentially become a free agent, and not everyone is convinced he will stay long-term.
ESPN's Tim MacMahon pointed out that other teams are monitoring Jokic's situation closely. "He can profess his loyalty to the Nuggets, there's still going to be teams that are positioning themselves," MacMahon said.
This creates a scenario where the Nuggets might consider a full roster rebuild. Losing Jokic would be catastrophic, so managing the cap to keep him happy is essential.
Despite the off-court drama, the Nuggets are playing winning basketball. Their recent form shows three wins and two losses in their last five games (WWWLL).
They are currently on a three-game winning run. This includes the 136-119 win over Memphis and a 116-93 victory against the Golden State Warriors on March 30, 2026.
Earlier results were mixed, with a narrow 125-123 win in Phoenix on March 25 but losses to Memphis and Oklahoma City in March and May of last year.
The financial constraints will test the front office's ability to build a contender around Jokic. Tough choices are coming, and the roster that won the title in 2023 may not stay together much longer.
