Spencer Jones took to X to discuss how he'll manage the money on his new deal.
This offseason, one move the Denver Nuggets made that went under the radar within the NBA community was the re-signing of Spencer Jones to the team. Jones signed a two-year deal worth $11.75 million, and the contract is fully guaranteed.
Spencer Jones is coming off a season in which he averaged 5.5 points per game and 3.3 rebounds. He was originally an undrafted player out of Stanford and spent some time in the G League before earning an NBA contract.
One hobby Spencer Jones has is sharing his career experiences off the court on platforms such as LinkedIn and X. Just recently, Jones took to X to share how he will distribute his earnings from this new deal.
Petre Thomas-Imagn ImagesIn short, Spencer Jones' strategy is to save as much money as possible to set himself up for the future in life after basketball. He wants some of his money to go towards his ventures and less than $100,000 towards his living expenses. The other $2.5 million will go towards his savings, index funds, and philanthropy.
Jones summarized his plan by saying, "It's not about how much I can afford to spend, it's figuring out how much freedom I can build."
What Does Spencer Jones' Career Look Like From Here?
Spencer Jones has had to fight to get to where he is now, and he recognizes how unpredictable an NBA career can truly be. Going into next season, he could be someone the Nuggets see having a bigger role coming off the bench.
Mark J. Rebilas-Imagn ImagesHis new deal may represent that feeling from the coaching staff, and a breakout season from him could be exactly what the Nuggets need. After letting Peyton Watson go to the Cleveland Cavaliers, Denver will need one of their young players to step up for them.
The next young player who is in a position to break out is Spencer Jones. Last season, power forward Aaron Gordon had his season riddled with injuries, as he only played in 36 games.
If Gordon struggles to see the court again, the Nuggets could look to Spencer Jones to be the piece that the team is missing in their starting lineup. While Jones' stats don't pop out on paper, he was more durable for the team as he appeared in 64 games.
David Gonzales-Imagn ImagesThe Denver Nuggets are looking to get back to where they once were and be one of the upper-echelon teams in the NBA, and they will need Spencer Jones to make a jump in production after his new deal.


