Nuggets' Updated Salary Cap After Jamal Murray's $208M Contract Extension

The Denver Nuggets and guard Jamal Murray have agreed to a four-year, $208 million extension, per ESPN's Adrian Wojnarowski.

Bobby Marks of ESPN also provided the year-to-year details.

Before the extension, Murray was entering the final year of a deal paying him $36 million in 2024-25. The contract has no effect on the Nuggets' 2024-25 cap situation.

Per Spotrac, Denver has $194,648,921 in total cap allocations committed to this year's books. A total of $183,774,315 counts toward the tax aprons.

The Nuggets are past the first tax apron but under the second apron. They are set to pay a tax bill of $20,356,999.

The big question right now is the 2025-26 season, especially with Aaron Gordon being a free agent. As Marks noted, the team is going to pay luxury tax and be above the first apron even with Gordon off the books. A total of $140 million is committed to Nikola Jokić, Michael Porter Jr. and Murray alone.

For now, though, Denver has answered a big piece of the puzzle in agreeing to an extension with Murray, a core piece of the team that won the 2022-23 NBA title.

Murray, who turns 28 next February, averaged 21.2 points, shot 42.5 percent from three and posted 6.5 assists last year. He and the Nuggets open this regular season on Oct. 24 against the Oklahoma City Thunder.