With a Game 7 upset over top-seeded Oklahoma City, Victor Wembanyama and the San Antonio Spurs guaranteed that an eighth different team in as many years will be crowned champion of the NBA. Such variety seemed impossible as recently as 2018, when the Golden State Warriors were at the height of their reign and decades of history suggested the NBA would always be the American sports league most characterized by dynasties.

But with a collective bargaining agreement averse to super-teams, everything changed. New luxury tax thresholds were introduced, imposing punitive roster-building restrictions on big spenders, scaring teams away from keeping their championship cores intact. The second apron became the boogeyman to front offices. Unrestricted free agency has crept toward extinction. The art of roster architecture has been replaced by the tedium of money management in many cases.

The Nuggets have been profoundly impacted by a system designed to make it harder for them to win Nikola Jokic a second ring. Other repeat dreamers have been thwarted as well. Boston essentially salary-dumped multiple Finals starters last offseason. Even the indefatigable Thunder will face uncomfortable decisions this summer (and next) as its payroll spikes into the second apron.

Titles are not to be taken for granted anymore. One is the new two.

As the Spurs and Knicks tipped off their best-of-seven series this week, we endeavored to rank all 16 teams that have reached the NBA Finals (including them) during the eight-year era of parity, dating back to 2019. Thirteen different franchises have fielded a Finals team during that time, including seven different Western Conference champs in the last seven seasons.

Which one-hit wonders have stood out most in a decade defined by the elusiveness of sustained dominance?

1. Boston Celtics, 2024 

• Regular season: 64-18 (1st in East)
• Net rating: 11.7 (1st)
• Playoffs: 16-3
• Playoff net: 8.6

The only team on this list that won 60 or more regular-season games and never faced elimination in the playoffs. The Celtics are a fitting choice for the most dominant team of the parity era so far because they’re the rare case of an NBA champion without an inner circle Hall of Famer. Instead, they caught lightning in a bottle with a starting lineup featuring five All-Star-caliber two-way talents: Jayson Tatum and Jaylen Brown (the franchise cornerstones) were surrounded by Jrue Holiday, Derrick White and Kristaps Porzingis.

2. Oklahoma City Thunder, 2025

• Regular season: 68-14 (1st in West)
• RS net rating: 12.7 (1st)
• Playoffs: 16-7
• Playoff net: 8.6

OKC has a fair case for the No. 1 spot, but nitpicking is the only way to differentiate between this team and Boston. The 2025 champs are docked a few brownie points only because they had to survive two home Game 7s against hobbled opponents. That doesn’t make the banner any less valid, but it does leave room to distinguish between their regular-season dominance and their ability to close out a playoff series. Still, Shai Gilgeous-Alexander and Jalen Williams were brilliant throughout this run, and OKC’s depth (aided by a lopsided 2024 offseason trade for Alex Caruso) suffocated top-heavy teams like Denver.

3. Golden State Warriors, 2019

• Regular season: 57-25 (1st in West)
• RS net rating: 6.5 (2nd)
• Playoffs: 14-8
• Playoff net: 3.1

The most difficult team to place, for obvious reasons. Crushing injuries to Kevin Durant and Klay Thompson symbolically marked the end of Golden State’s dominion and the beginning of the post-dynasty NBA. But when the two-time defending champion Warriors were healthy, they were still, you know, arguably the greatest roster ever assembled. They still almost pushed Toronto to a Finals Game 7 even after Durant tore his Achilles and Thompson his ACL.

4. Denver Nuggets, 2023

• Regular season: 53-29 (1st in West)
• RS net rating: 3.3 (6th)
• Playoffs: 16-4
• Playoff net: 8.0

The Nuggets lack the eye-popping regular-season résumé of Boston or Oklahoma City, but they still controlled the No. 1 seed in their conference for the last four months of the season without dropping. More importantly, they proved their stature with the second-most dominant title run of the teams on this list, mowing through Anthony Edwards, Durant, Devin Booker, LeBron James and Anthony Davis in the West. Perhaps this will be the only year it all comes together in perfect harmony around Nikola Jokic, the most decorated player of the decade so far.

5. Los Angeles Lakers, 2020

• Regular season: 52-19 (1st in West)
• RS net rating: 5.6 (5th)
• Playoffs: 16-5
• Playoff net: 6.9

It’s hard to escape the skepticism that has greeted LeBron and the Lakers for years since they emerged from the bubble, where they won the pandemic championship in an empty gym. But make no mistake, this team was a wagon. Aside from James and Davis, Los Angeles had a stellar defensive supporting cast headlined by Alex Caruso and Kentavious Caldwell-Pope, both of whom went on to solidify their status as winning players with other champions higher on this list.

6. Toronto Raptors, 2019

• Regular season: 58-24 (2nd in East)
• Net rating: 5.8 (3rd)
• Playoffs: 16-8
• Playoff net: 5.6

One of the wildest playoff runs in league history, from Kawhi Leonard’s four-bounce buzzer beater to win Game 7, to the 2-0 series comeback in the Eastern Conference Finals, to the upset of Curry’s injury-hampered Warriors. It was Leonard’s masterpiece, but the roster around him was deeper than it’s given credit for: Kyle Lowry, Pascal Siakam, Fred VanVleet, Danny Green, OG Anunoby (until he missed the playoffs due to appendicitis), Norman Powell, Marc Gasol and Serge Ibaka each left their marks. A delightful team.

7. Milwaukee Bucks, 2021

• Regular season: 46-26 (3rd in East)
• Net rating: 5.8 (4th)
• Playoffs: 16-7
• Playoff net: 5.3

Sure, if Kevin Durant’s foot was behind the 3-point line, Milwaukee’s season would’ve technically ended in Game 7 of the second round. But every champion needs a little bit of luck. The Bucks just got slightly more than most. They also got an absolute tour de force of a playoff run from Giannis Antetokounmpo, who scored 40 in that Game 7 against Brooklyn, then 50 in a Game 6 win over Phoenix to close out the best Finals of the decade so far. If the Giannis era is indeed about to end in Milwaukee, at least they’ll always have 2021, when the stars aligned for Antetokounmpo, Khris Middleton and Jrue Holiday.

8. San Antonio Spurs, 2026*

• Regular season: 62-20 (2nd in West)
• Net rating: 8.4 (3rd)
• Playoffs: 12-7*
• Playoff net: 11.0*

They’re a few wins away from making eighth place look criminally low. For now, consider this one last gesture of trepidation toward a radically young team. By prevailing over Minnesota and OKC in back-to-back slugfests, the Spurs have shattered every precedent that experience is a non-negotiable playoff virtue. Victor Wembanyama is wise beyond his years, and Stephon Castle and Dylan Harper don’t seem to care that their combined age equals one LeBron.

9. New York Knicks, 2026*

• Regular season: 53-29 (3rd in East)
• Net rating: 6.4 (5th)
• Playoffs: 12-2*
• Playoff net: 19.8*

An 11-game win streak to bulldoze through the East playoffs forced NBA analysts to reconsider how good this Knicks team might actually be. If they can end Madison Square Garden’s title drought without needing a Game 7, they’ll join Denver and Boston as the only champions of the era to go 16-4 or better. Like the 2024 Celtics, they don’t depend on a bona fide all-time great (though Jalen Brunson will certainly achieve New York immortality if they finish this thing off). It’s the four-man core of Brunson, Karl-Anthony Towns, OG Anunoby and Mikal Bridges that has fueled this run, plus an unexpectedly free-wheeling use of the bench by first-year coach Mike Brown.

10. Golden State Warriors, 2022

• Regular season: 53-29 (3rd in West)
• Net rating: 5.5 (4th)
• Playoffs: 16-6
• Playoff net: 4.9

Of all the teams to raise a banner during this era, the Warriors probably had the flimsiest roster — the last remnants of their dynasty and some new friends they met along the way. That’s ultimately a credit to Curry, who averaged an efficient 31, six and five to knock off Boston. This championship is his greatest achievement. Klay Thompson and Draymond Green’s glory days were in the rearview mirror, Andrew Wiggins was the team’s second option, and Otto Porter Jr. started the last three games of the Finals.

11. Indiana Pacers, 2025

• Regular season: 50-32 (4th in East)
• Net rating: 2.1 (13th)
• Playoffs: 15-8
• Playoff net: 2.1

Basketball fans around the globe will never stop lamenting the timing of Tyrese Haliburton’s torn Achilles tendon, moments after an awe-inspiring barrage of deep 3s early in Game 7 of the Finals. Thanks in large part to their four ridiculous last-minute comebacks — one in each playoff round — the Pacers will go down in history as one of the most exciting teams that didn’t win the title.

12. Phoenix Suns, 2021

• Regular season: 51-21 (2nd in West)
• Net rating: 5.9 (3rd)
• Playoffs: 14-8
• Playoff net: 4.2

Up 2-0 on Milwaukee, then later down one point with the ball on the last possession of Game 5, Phoenix was as close to a ring as any Finals loser this century. Chris Paul and Devin Booker formed one of the best backcourts on this list. But 18 months later, the team was sold, and young role players Mikal Bridges and Cam Johnson were shipped off to Brooklyn in the fateful Durant trade.

13. Boston Celtics, 2022

• Regular season: 51-31 (2nd in East)
• Net rating: 7.4 (2nd)
• Playoffs: 14-10
• Playoff net: 3.9

Playing in their fourth Eastern Conference Finals together, Tatum and Brown finally broke through. Also buoyed by Defensive Player of the Year Marcus Smart, the Celtics survived Game 7s against Milwaukee and Miami to gain a 2-1 series edge over Golden State. Then they got fried by Curry.

14. Dallas Mavericks, 2024

• Regular season: 50-32 (5th in West)
• RS net rating: 2.1 (15th)
• Playoffs: 13-9
• Playoff net: 2.6

These regular-season numbers disguise a team that was altered at the trade deadline and dominated down the stretch. PJ Washington and Daniel Gafford were savvy acquisitions to assist Luka Doncic and Kyrie Irving on an impressive playoff run, highlighted by a six-game upset of the top-seeded Thunder. Little did Doncic know it would be his last chance in Dallas.

15. Miami Heat, 2020

• Regular season: 44-29 (5th in East)
• Net rating: 2.7 (7th)
• Playoffs: 14-7
• Playoff net: 1.9

Playoff risers in the bubble. An unimpeachable Jimmy Butler performance made the Finals look closer than they were, forcing Game 6 and delaying LeBron’s fourth title.

16. Miami Heat, 2023

• Regular season: 44-38 (7th in East)
• Net rating: -0.5 (21st)
• Playoffs: 13-10
• Playoff net: 1.9

Props to the Heat for milking everything it possibly could out of the Butler era. This is the only Play-In Tournament team to ever reach the Finals. Butler, Bam Adebayo and Erik Spoelstra outdid themselves, needing only five games to upset the top-seeded Bucks in the first round.

A month after their capitulation against the Timberwolves, the Nuggets have made watching the NBA Finals a painful experience.

Lost in the headlines of the breathtaking Victor Wembanyama squaring off against the soul-crushing Jalen Brunson is a buried nugget that relates to the Nuggets.

In Game 1, the Spurs used 10 players, including 12 minutes from ABA veteran Harrison Barnes and 10 from backup center Luke Kornet. Ten players logged in for the Knicks, including nine with at least 11 minutes. Landry Shamet clocked 33. Entering Game 2, the last time New York lost was April 23.

Which brings us back to Denver and its rookie coach’s mistake. The offseason was dedicated to trading Michael Porter Jr. to reinforce the bench. The Nuggets added Tim Hardaway Jr., Bruce Brown and Jonas Valanciunas, providing more suitable roles late in the season for Julian Strawther and eventually Tyus Jones.

And yet, they became ghosts until it was too late. Even with Aaron Gordon hurt, even with Jamal Murray suffocating under the Saran-Wrap tight defense of Jaden McDaniels, David Adelman leaned on a seven-man rotation.

It brought back memories of last postseason when the Nuggets bench was Russell Westbrook. Singular.

Hardaway delivered a pedestrian performance with 10.8 points in 23 minutes per game, but never percolated from beyond the arc. Bruce Brown looked out of sync, assuming a spark plug role at home and a cheerleader spot on the road. Brown netted 19.2 minutes a game, scoring 6.3 points, but with nearly two turnovers. Spencer Jones was the only player to exceed reserve expectations with 6.5 points in 24 minutes.

And for all of the bluster about keeping Nikola Jokic fresh, Valanciunas was nonexistent. He was bad when he was in, but was it because Adelman clearly lost confidence in him? Why not use him as a roughneck to foul McDaniels hard early in Game 3 and Game 4?

The Bonus Jonas brother only appeared in four games vs. Minnesota, contributing 2.8 points and 1.3 turnovers in 6.3 minutes.

And don’t get me started about Strawther and Jones. Strawther appeared twice, logging 18 total minutes and making two shots. Jones checked into three games, and clearly should have been used sooner in the series to take pressure off Murray to initiate the offense with Gordon hurt.

Jones was solid, averaging 1.7 assists and no turnovers in his 30 minutes.

The Thunder, Spurs and Knicks look so far away, the Nuggets could have telescope night for the first 5,000 fans on opening night and no one would blanch.

This is a critical offseason for the Nuggets. They need to trade multiple players, starting with Cam Johnson and Gordon. But they cannot move forward without Adelman learning lessons.

Nobody wants to hear about the defensive metrics ranking better than expected against Minnesota. The Nuggets failed the eye test. And they were not athletic enough.

But if the playoffs tell us anything, it is that depth matters. Adelman will be given decent bench players. If the Nuggets are going to surprise anyone next postseason, he must do a better job of using them.

Don’t Bet On It: Texas Tech quarterback Brendan Sorsby trampled the NCAA gambling rules. Hopefully, the treatment he received for his addiction takes. However, Sorsby wants a judge to grant him an injunction to play this season. Please. Sorsby bet on games involving teams he was on. He should be banned. Full stop. Allowing him to return makes a mockery of any rules on the subject.

Sing along: College baseball getting a bump with so many upsets in the regionals was fantastic. The lasting story? West Virginia fans and players singing “Take Me Home, Country Roads” by John Denver after knocking out Kentucky. Understand, it is not a song in West Virginia. It is an anthem. It is played after sporting events and “it is almost always the last song played at a wedding reception,” said Cathy Rennard, president and CEO of Carnegie Hall in Lewisburg. “It is wonderful the way that it connects people.”

What would it take to trade for Giannis? Would he and Jokic fit next to each other?

— Fred, Aurora

Of course they would fit next to each other, have you gone mad? Imagine the four-five pick-and-rolls — Jokic screening and Antetokounmpo turning the corner to attack downhill, or Jokic ball-handling with Giannis as his lob threat, putting pressure on the paint as a roller. Imagine Jokic’s outlet passes and Antetokounmpo’s fast breaks. Imagine Giannis as the athletic back-line rim protector Jokic needs to cover his defensive flaws.

Now, listen: I thought Giannis and Damian Lillard were a match made in heaven, and we saw how that ended. Nonetheless, believing the two best players of the decade so far would be extraordinary together as teammates … yeah, that’s a hill I’m willing to die on.

What would it take? An extremely convoluted trade framework involving a minimum of three teams, and probably more than that. Jamal Murray would go to a third team (not Milwaukee; perhaps an East contender that’s not interested in acquiring Giannis but is willing to cooperate with sending him to the other conference). One of Cam Johnson, Aaron Gordon, or Christian Braun would also probably go out in the deal. There would have to be a team with multiple good first-round draft picks to send Milwaukee alongside Denver’s No. 26 pick, not to mention a reason to send Milwaukee those picks. That means there would have to be another team in the equation sending a young All-Star to the team with the picks. And then, of course, there would have to be at least one team (likely more) with both the cap space and willingness to eat some salary from the other teams. Probably in exchange for more draft picks.

If the Nuggets were sitting around with five future first-round picks to throw around in trade offers, this would be a real conversation. Instead, it’s about as close to impossible as any NBA transaction can be.

ESPN and Marc Stein both put out that Cam Johnson and Christian Braun are the two main players Denver is trying to trade this offseason, as opposed to the bigger names (Murray and Gordon) you’ve suggested. How possible is it that someone is actually willing to take Braun’s contract, and if so, is it smart to trade a younger player like him to hang onto an aging core? I don’t know if I’ll ever trust Murray and Gordon to both stay healthy simultaneously for a full playoff run again.

— Mitchell, Denver

To be clear, what I’ve reported since the night Denver’s season ended is that Johnson is the Nuggets starter most likely to be traded. Really, that’s been the growing suspicion in league circles since Peyton Watson started to look more expensive by the day in January. The reason I’ve spent more time examining Murray and Gordon as trade candidates than Braun is exactly what you’ve pointed out in your question, Mitchell: Based on conversations I’ve had with league sources, I share your skepticism that teams are lining up to bid for Braun after his down year. Flexibility is the name of the game in this apron era. Everyone is afraid to get stuck with bad money. Cap space and maneuverability are often more valuable than a player under contract for five years.

I do expect the Nuggets to explore the market for Braun — maybe they’ll even pull something off — but the problem they’ll encounter is that potential trade partners will ask for draft compensation to sweeten the deal. And unlike the Thunder and Spurs, Denver is not exactly swimming in future picks. You can’t just panic and keep burning draft assets every time you start to semi-regret an extension you’ve given out. The Nuggets already coughed up their last trade-eligible first-rounder to get off of Michael Porter Jr.’s max salary last summer — speaking of which, if they’re not able to get back at least one equally valuable pick for Johnson this offseason, then trading him to cut payroll would be poor asset management and difficult for team ownership to justify.

If I had to guess what type of team is most likely to bite on Braun, I would look the opposite direction from the playoff contenders that could feasibly show interest in Murray or Gordon. Think about teams backed into a corner that have no other choice but to get younger and be patient for the next few years, rebuilders with less risk in taking on Braun’s contract. Milwaukee? Sacramento?

It saddens me to see all this talk of trading Jamal Murray or AG. What happened to the continuity the Nuggets used to love preaching about? What happened to teams and players staying committed to each other through the hard times? I’d rather see the Nuggets fail to win another championship with the guys I’ve cared about for years than trade away their identity as a team, bring in some guns for hire, and probably fail to beat Wembanyama anyways. 

— Adam, Kansas City

It’s a completely fair stance. Sports fandom is an emotional proposition, after all. I’ve seen Adam’s sentiment plenty — that Jokic, Murray and Gordon should be allowed to play together until Gordon’s hamstring falls off the bone or Jokic leaves for a second career in horse racing. I also can’t fault Mitchell in the previous question for wanting to see the Nuggets completely overhaul their supporting cast. The big-picture question of whether it makes sense to break up the band is a genuinely nuanced predicament that weighs basketball ambition against chemistry and nostalgia. Maybe the sentimental approach is too conservative. Maybe the aggressive path forward is nothing but ill-fated, cold-hearted pragmatism. You can convince me of either.

I read that Jrue Holiday was once an alternative to Aaron Gordon, years ago. Why not go get him from Portland now? He doesn’t really fit their timeline, does he?

— Daniel, Denver

He would certainly check multiple boxes for Denver. The soon-to-be 36-year-old provides ball-handling, perimeter defense, veteran leadership, reasonably efficient shooting from the corners. Shoot, most teams would like to have that guy.

Holiday will make $34.8 million next season. Then he has a $37.2 million player option in 2027. If Denver acquired him, it would probably involve Murray going to Portland, and I’m not sure he makes a ton of sense for a team that’s about to get Damian Lillard back from a torn Achilles next season. Or maybe there’s a deal in which the Nuggets send out Johnson and Gordon (or Braun, why not) to two different teams so they can take Holiday back at a lesser salary. Targeting him is a good idea, but the logistics are the obstacle, as with most large-scale trades.

Sean Keeler: Cale Makar turned 27 last October. No title window is officially closed on the Avs until Makar is either closer to 37 or 38 or no longer wearing burgundy and blue. Between Jokic and MacKinnon, you lean with Nate Dogg, if only because the Stanley Cup Playoffs are far more random than the NBA counterpart; because Cale is so young; and because the Nuggets’ path in the West now has more potholes than Monaco Street Parkway. The Wemby Era is officially upon us, my friend. Only it’s also coming at the apex of The SGA Era, which means there’s not enough room on the medal stand for everybody.

Renck: The answer is MacKinnon. He will have more legit chances than Jokic, even after the Avs wasted a prime opportunity last week against Las Vegas. No matter whether the Avs keep coach Jared Bednar or not, they will remain a contender for the next five seasons with MacKinnon and Makar. But the onus is on the 30-year-old MacKinnon to adapt to new tactics, to show he can lead a team to a title against opponents who control the middle of the ice. If the Avs remain stubborn and play a style that suits their stars in the regular season, MacKinnon might win another title, but will be at the end of his career with another team.

Keeler: After Nuggets-Timberwolves I (2024), I wondered if Jokic’s best chance for a second title might happen as a veteran big man off the bench for another franchise — think the Lakers’ version of Dwight Howard or the Celtics’ version of Bill Walton. Not anymore. I think the Joker is going to play out this next, massive contract extension, and try like holy heck to finish what he started here. And then that’ll be it — ring or no ring, it’s back to Sombor, to the horses, to family, and to the next chapters of his life.

Renck: Jokic, 31, cannot be considered a Top 10 all-time great without another ring, finishing in the rankings in the second tier a tick ahead of Moses Malone, Dirk Nowitzki, Giannis Antetokounmpo. Given how the NBA works and how the collective bargaining agreement is structured, teams don’t get title shots every season since owners view the aprons as hard caps. After capitulating against the Timberwolves, the Nuggets must take a step back, trade away Cam Johnson and Aaron Gordon, and load up for a three-year run in Jokic’s final sprint starting in 2029. Even then, there is a 7-foot-5 problem. Victor Wembanyama is now the face of the league (and everyone’s favorite player after eliminating the Oklahoma City Floppers). At 22 years old, Wembanyama is the youngest player to lead his team in points per game and rebounds in a season when his team makes the NBA Finals. He is not going anywhere. For Jokic to win, it will likely require a much different, more athletic supporting cast. MacKinnon, if he shows adaptability, probably only needs a different coach.

Keeler: Just because “everything” is on the table for Josh Kroenke doesn’t mean KSE is comfortable ordering the most expensive menu items in front of them. The greatest speed bump lodged between two of Denver’s all-time greats and a second ring might be the entity that owns them both. With the Nuggets, the Kroenkes are reluctant to splash serious cash to upgrade the coaching staff or the front office and reportedly unwilling to eat more luxury tax penalties. With the Avs, Stan and Josh seem content to know what they don’t know and let Joe Sakic run that branch of the family business. In both cases, the longer KSE remains resistant to change, the shorter Jokic’s and MacKinnon’s title windows become.

That is what the NBA’s Western Conference Finals have become. The Thunder players excel as floppers, spending more time on the floor than Swiffer. They bait officials into calling fouls.

And it extends to defense for both the Thunder and Spurs.

They grab. They pull. They push. They know the refs won’t call fouls on everything, so they see what they can get away with every time.

Why bring this up? This is what the Nuggets face in their pursuit of a championship, and why their postseason failure represents a trend, unlike the Avs’ aberration.

Even after getting swept, the Avs could return to the Stanley Cup Final with a new coach and a plugged-in power play.

The Nuggets? They are in a galaxy far, far away from the NBA Star Wars between the Thunder and Spurs.

As I have said, taking a step back to move forward makes the most sense. There is no reason to run it back, other than to sell merch and continue the home sellout streak.

Rumors and proposals are starting to percolate, revealing the steep incline the Nuggets face to remain a championship contender.

ESPN reported this week that the . The latter requires a pause for laughter.

Braun has one of the league’s worst contracts — $21.6 million per season over the next five years — an extension I advocated for and watched become an immovable glacier because of an ankle injury.

Braun, 25, backslid in an alarming way, never regaining his footing after getting hurt and suffering setbacks. He averaged 12 points last season, shot a career-low 30.1 % from 3, and was passing up layups in the playoffs, while he was insisting he was the team’s leader even when he was nowhere near a shutdown defender.

Other than that.

The only path forward is to see if Braun can regain his shine with a productive offseason and improved health.

The Nuggets would be selling at an all-time low.  And where would he go? Who would take him? Shedding the contract would involve connecting Braun to a deal involving Jamal Murray or Aaron Gordon. Same goes for Zeke Nnaji, obviously.

The easiest play is the cleanest. Trade Johnson, who has an expiring contract. He represents a functional piece for a contender and could bring back desperately needed draft capital. Then attempt to move Gordon to re-sign Peyton Watson.

The Nuggets will not be better next season, but they will be better positioned to regroup in 2029 for one last spending spree in the final years of Nikola Jokic’s contract.

Hard Labor: MLB owners proposed a salary cap in collective bargaining talks, showing the difficult road ahead. The owners want to fundamentally change the sport by tying a cap ($245.3 million) and a floor ($171.2 million) to competitive balance. In case you are wondering, the Rockies current payroll sits $54 million below the floor.

The MLBPA does not want to restrict players’ earning power and believes competitive balance can be tied to front-office competence, not spending limits, when looking at teams like Tampa Bay, Milwaukee, and Cleveland. Let’s be real, most owners are motivated more by franchise valuation than winning. A cap creates cost certainty. End of story. The difference is that the players are unlikely to have the public on their side in these talks because of payroll disparity–see the Dodgers. Baseball is on a heater, benefiting from pace of play changes and the ABS system, and does not have Cal Ripken’s consecutive-games-played streak or the fake muscled-fueled home run chase of Mark McGwire and Sammy Sosa to save the game if another season is lost. Deadlines spur action. Next February will determine how serious the sides are at avoiding a lengthy lockout that costs games.

Final thought: Elimination games feature raw emotions. But Nathan MacKinnon not talking after Tuesday’s loss was unprofessional and inexcusable for one of the NHL’s best players.

The harsh reality is that very few players available for the veteran minimum salary end up impacting teams at a championship level. Expecting to improve from good to great merely by signing guys out of the bargain bin is a fool’s errand.

But a clever vet minimum acquisition can pay dividends over the course of a season. The Nuggets have pulled off two of the savviest signings of the last two years, in terms of regular-season production relative to salary. Russell Westbrook was a chaotic but dynamic player in 2024-25, shouldering a high usage rate and playing a huge part in Denver’s first-round playoff series against the Clippers. In the next free agency cycle, a new front office scooped up Tim Hardaway Jr., who proceeded to shoot 40.7% from 3-point range and finish in third place for Sixth Man of the Year.

Both players ultimately struggled in the playoff rounds that ended Denver’s 2025 and 2026 seasons — a reminder that role player output is fickle, and that even the successful minimum signings shouldn’t be over-relied on during a series. But that doesn’t change the fact that both players were essential in their own ways to Denver’s survival of the 82-game grind.

Jon Wallace and Ben Tenzer will need to make use of the veteran minimum again this summer as they seek creative ways to assemble a competitive bench despite likely payroll restraints. If the Nuggets shed enough salary via a trade, they might be able to open up part of , giving them a little more spending money to throw at free agents. But for the most part, they’ll be working on the minimum scale. (A player’s minimum salary is dependent on his service time in the league, but his cap hit is a fixed number regardless of experience beyond two years, so that teams aren’t incentivized to choose younger players just for the cap space. Next year’s projected vet minimum cap hit is $2.45 million.)

One advantage the Nuggets have as they try to pitch players? Evidence of countless others who’ve benefited statistically and financially from playing alongside Nikola Jokic. We’ve compiled a list of 20 free agents they could try to lure to Denver this summer. For the sake of the exercise, we’re only looking at potential newcomers here — not Denver’s own free agents, who are also candidates to re-sign (Hardaway, Peyton Watson, Spencer Jones, Bruce Brown, Tyus Jones).

LeBron James, Lakers F

Look, what kind of a list would this be if we didn’t take advantage of the opportunity to start with LeBron?

Let’s preface by recognizing this is probably not happening. If James signs for the minimum outside of Los Angeles this offseason (and that’s a big “if”), it’s way more likely to be somewhere that A) maximizes his chances of going out with a fifth championship (*coughs* Eastern Conference), and B) has either some emotional resonance (*coughs again* Cleveland) or historical gravitas (*something must’ve gone down the wrong pipe* New York). And that’s all if the conveniently located incumbent team with ample cap space and his son on the roster doesn’t make enough of an effort to retain him for one last contract.

Alternatively for the Nuggets, there’s the sign-and-trade route — if they’re willing to get older while helping the Lakers get younger (Peyton Watson? Cam Johnson?), and if they can navigate the salary cap obstacles (you can’t complete a sign-and-trade if you’re in the second apron), and if James is onboard with the whole thing. In any case, a complex alignment of the stars would be required to get him to Denver.

But if you want to talk yourself into it, you can start with the fact that James and Josh Kroenke have a friendship that dates back years. Or that Kroenke once sent LeBron a Nuggets jersey in a cheeky attempt to recruit him to Denver. Or that Jokic’s Serbian agent, Misko Raznatovic, posted a photo to Instagram of him and LeBron on a boat last summer, captioned: “The summer of 2025 is the perfect time to make big plans for the fall of 2026!” Or that James has long admired Jokic’s basketball IQ and has seen it up close in three playoff clashes between their teams. Or that Jared Dudley, a former teammate and noted confidant of James, is David Adelman’s lead assistant coach. Or that to land the all-time great back in March. Anything is possible in a league where Luka Doncic can get traded to the Lakers in the middle of the night — maybe even something as wacky as LeBron leaving the Lakers for a less prestigious team in a landlocked smaller market.

Khris Middleton, Mavericks F

Denver pursued Middleton pretty aggressively before the buyout market deadline earlier this year. The three-time All-Star ultimately chose to play out the season in Dallas, where he had landed in February as part of the Anthony Davis trade. Once an NBA Finals hero for Milwaukee, Middleton turns 35 this offseason. He’s entering the twilight of his career. Does that mean he’ll be open to signing a cheap deal with a contender? He’s worth revisiting as Denver goes looking for ball-handlers who can take over the scoring load on a random Tuesday in January when Jamal Murray is out.

Collin Sexton, Bulls G

Sexton can probably get paid more than the minimum if he wants. But the 27-year-old combo guard has never appeared in a playoff game, and Denver is a winning team in need of his specific talents. He’s a quick driver with a bit of maniacal competitive energy to him. That personality has never really experienced the NBA spotlight, though, as Sexton has spent eight years in the wilderness of several rebuilds. If the Nuggets are feeling ambitious, he’s the kind of player they could try to convince to take a cheap, short-term contract — a “prove it” year that could parlay into more money later.

Nikola Vucevic, Celtics C

The Jonas Valanciunas experiment was smooth enough in the regular season, but underwhelming in the playoffs. The Nuggets are unlikely to bring him back at a non-guaranteed salary of $10 million. They’ll need a new backup center, especially if they remain reluctant to play DaRon Holmes II. Can they find another veteran innings-eater for less money than they paid the last one? Vucevic would make a lot of sense. A trade deadline acquisition for Boston on a $20 million expiring salary, he never established a consistent role in a frontcourt with two younger centers. If a handful of contenders recruit the 35-year-old Montenegrin, his friendship with Jokic should give Denver an upper hand. Vucevic is certainly flawed (especially on defense), but he’s also a viable five-out big man and a vocal locker room leader.

Bogdan Bogdanovic, Clippers G

Speaking of Jokic’s friends, how about his longtime partner in crime on the Serbian national team? Bogdanovic has a $17 million team option next season. The Clippers might want to pick up the option to use it in a salary match for a trade, but if they choose to let him walk instead, he could be drawn to Denver, where he would be an affordable bench option. Bogdanovic seems to be a scorer in relative decline, but maybe he can capture some of that Serbian pick-and-roll chemistry with Jokic.

Keon Ellis, Cavaliers G

After getting traded from Sacramento to Cleveland this February, Ellis didn’t get as much playoff run as expected with the Cavaliers. The Nuggets could look to add some point-of-attack defense on the perimeter with the 26-year-old wing if he doesn’t want to re-sign with the Cavs.

Gabe Vincent, Hawks G

Vincent is coming off a down year that saw him shoot just 35.2% from the field while getting traded from Los Angeles to Atlanta. He turns 30 this summer.

Matisse Thybulle, Trail Blazers G

How much do the Blazers want to spend on a wild card like Thybulle as they take their next steps toward contending? He guards at a high level — when he plays. His durability has become a major concern, on top of his offensive limitations, as he has played only 45 games over the last two years. Maybe his value hasn’t dipped all the way into minimum territory, but he’s another dynamic defender the Nuggets might want to keep an eye on.

Gary Payton II, Warriors G

The Golden State veteran could add leadership and defense if he finds a new home this offseason. Wherever he ends up, it’ll likely be on a minimum contract. Fellow Warriors guards De’Anthony Melton (player option) and Seth Curry could also be on the market, as their team faces an uncertain future of building around Seth’s brother.

Jordan Goodwin, Suns F

Waived by the Lakers last summer, Goodwin found a home in Phoenix, where the former two-way player continued to develop as a reliable 3-and-D rotation player. The Suns might just do everything in their power to retain him.

Aaron Holiday, Rockets G

Long ago, the Nuggets were in trade talks to acquire Jrue Holiday before he went to Milwaukee. They had Justin Holiday on their roster two years ago when they tied a franchise record with 57 wins. The third Holiday brother is on the market this summer after averaging 11.2 minutes for Houston in the playoffs.

Jordan Clarkson, Knicks G

The 34-year-old scoring guard averaged 8.6 points in 17.8 minutes with New York this season. His minutes have predictably decreased in the playoffs, but he’s headed to his second career NBA Finals nonetheless. Nuggets connection: Clarkson and Josh Kroenke share University of Missouri basketball roots.

Guerschon Yabusele, Bulls F

There’s been a lot of smoke involving Yabusele and a return to Europe. If he stays in the NBA, though, Denver is a landing spot that might appeal to the French power forward after bouncing between Philly, New York and Chicago over the last two seasons.

Andre Drummond, 76ers C

Another backup center option. Drummond was in trade rumors around the deadline, but nothing came of them. (Instead, Philadelphia ducked the luxury tax by handing over Jared McCain to the best team in the league.) There are a few free agent bigs who are probably out of Denver’s price range (Mitchell Robinson, Robert Williams III, Kristaps Porzingis). Drummond, like Vucevic, is sort of in that next tier — affordable former All-Stars who can give you a short stint of minutes each half. For a younger alternative? Perhaps Marvin Bagley III (27), who finished the season strong in Dallas.

Harrison Barnes, Spurs F

Barnes’ on-court role decreased throughout the year, but there’s no reason to think the Spurs won’t want him back anyway for his locker room leadership. If he has the choice between signing a minimum in San Antonio or in Denver, he seems more likely to stay where he’s at. Not a shabby situation down there in Texas.

Josh Okogie, Rockets G

Okogie played well on a one-year minimum deal in Houston. In fact, he might’ve played himself out of needing to sign for the minimum again this summer. If he doesn’t have enough of a market to get the taxpayer mid-level exception, Denver could swoop in and pursue the 3-and-D wing who’ll be 28 on opening day.

Jeff Green, Rockets F

We started this list with the oldest active player in the NBA. We’ll finish it with the fifth-oldest. Not only was Green a valued presence on Denver’s 2023 championship team; he’s also a close friend and former college roommate of Nuggets co-general manager Jon Wallace.

Now that we recognize Murray, Gordon and small forward Cam Johnson are the main candidates the Nuggets could trade for reasonably positive value, their offseason predicament also raises questions about what type of return they could get for Murray or Gordon in particular. Both players are 29 or older, with unfortunate injury histories and long-term commitments remaining on their current contracts.

They’re also extraordinary players. Murray was (in the opinion of this All-NBA voter) comfortably one of the 10 best players in the league this regular season. Gordon is the epitome of an overused term that coaches love to preach: He is a star in his role, one of the most versatile forwards in the game when he’s on the court.

They both make sense as win-now pieces for teams looking to take an immediate next step toward contention. They probably don’t make sense for most teams residing at the bottom of the league. (Johnson, on the other hand, could be reasonably appealing on an expiring contract to the vast majority of teams.)

So who are the Nuggets’ most likely trade partners, if they do make dramatic changes? Keep in mind that lot of deals might have to involve three or more teams due to salary-matching complications, and Denver’s return on one of these players might not even come from the same team that’s on the receiving end of Murray or Gordon. In any case, here’s a speculative list of teams that could benefit from their skillsets, and some of the contracts those teams could offload. Consider it a place to start before you open up — but remember, part of the Nuggets’ goal will probably be to take back less salary than they send out.

Potential Jamal Murray trade partners

Houston Rockets: Man, does it look shaky when Kevin Durant has to initiate the offense out of a double-team at midcourt. The Rockets just went an entire year without a true point guard. Fred VanVleet is set to return from a torn ACL, but if they’re worried about the residual effects and want to explore potential upgrades, Murray would be an obvious fit. That is, unless 21-year-old Reed Sheppard actually turns into the second coming of Steve Nash on a timeline that fits with the 37-year-old Durant.

Trade candidates who could appeal to Nuggets (2026-27 salary): Fred VanVleet ($25 million, right to veto), Dorian Finney-Smith ($12.7 million), Clint Capela ($6.7 million), Tari Eason (RFA).

Toronto Raptors: As uncomfortable as it is to picture Murray in any other uniform, this is the only one that would feel somewhat right. He receives a warm welcome from Toronto’s fans every time the Nuggets play in his home province. The Raptors view Scottie Barnes as a superstar in the making, but he needs some offensive help after a first-round series in which his team struggled to score against Cleveland.

Trade candidates: Immanuel Quickley ($32.5 million), RJ Barrett ($29.6 million), Gradey Dick ($7.1 million), Ja’Kobe Walter ($3.8 million).

Atlanta Hawks: They have a stacked defensive backcourt between Dyson Daniels and Nickeil Alexander-Walker, but their offense ran through CJ McCollum at the end of playoff games this year. Murray could make them a better half-court team, partnering with another elite facilitator in Jalen Johnson.

Trade candidates: CJ McCollum (UFA), Gabe Vincent (UFA), Jonathan Kuminga ($24.3 million, team option), Corey Kispert ($14 million), Zaccharie Risacher ($13.8 million), Buddy Hield ($9.7 million).

Orlando Magic: One of the most disappointing teams of 2025-26, Orlando is widely expected to try moving point guard Jalen Suggs this summer. The Magic might simply give the keys to Anthony Black if they feel content with the star power of Paolo Banchero and Franz Wagner on the wings. But even with that tandem and Desmond Bane, their offense hasn’t escaped the bottom half of the league in years. Purely in terms of basketball fit, Murray would make a ton of sense here. But one of the biggest obstacles would be that Orlando’s offseason motivations could also involve cost-cutting.

Trade candidates: Franz Wagner ($41.8 million), Jalen Suggs ($32.4 million), Jonathan Isaac ($14.5 million), Goga Bitadze ($7.6 million), Tristian da Silva ($4 million).

Boston Celtics: It’s difficult to imagine the Celtics going after someone with Murray’s max salary unless they decide the Jayson Tatum-Jaylen Brown partnership has run its course. But if that is their decision, then pairing Tatum with a second option like Murray would be one less costly way to pivot than chasing Giannis Antetokounmpo.

Trade candidates: Jaylen Brown ($57.1 million), Derrick White ($30.3 million), Sam Hauser ($10.8 million).

Dallas Mavericks: Old friend Masai Ujiri would be justified if he decided the Mavs have a miniature window for the next three seasons, before Cooper Flagg gets expensive. He’s already a budding superstar one year into his career. If his upward trajectory proves to be anywhere near as exponential as Victor Wembanyama’s, then the remainder of Murray’s prime could fit the timeline of Flagg’s rookie contract. Kyrie Irving is 34 and hasn’t played in more than a year; with a new front-office regime in place, the Mavericks’ commitment to him as a foundational piece is unclear.

Trade candidates: Kyrie Irving ($39.5 million), PJ Washington ($19.8 million), Klay Thompson ($17.5 million), Caleb Martin ($10 million), Naji Marshall ($9.4 million), Max Christie ($8.3 million).

Miami Heat: Like Boston, Miami might have more ambitious pursuits in mind than Murray. But after years stuck in the middle, it feels like some sort of change is coming to an awkwardly built roster around defensive anchor (and 83-point scorer!) Bam Adebayo.

Trade candidates: Norman Powell (UFA), Tyler Herro ($33 million), Andrew Wiggins ($30.2 million, player option), Davion Mitchell ($12.4 million), Jaime Jaquez Jr. ($5.9 million), Kel’el Ware ($4.7 million), Kasparas Jakucionas ($3.8 million).

Sacramento Kings: No, they’re not a contender by any means. But you never know what the Kings might do. Perhaps Vivek Ranadive is overcome with seller’s remorse and wants to aggressively pursue a new star point guard after watching Tyrese Haliburton and De’Aaron Fox thrive in the last three postseasons. One thing that would be appealing to Denver is the amount of 2027 expiring salary the Kings have on their books with trade candidates like Zach LaVine.

Trade candidates: Zach LaVine ($49 million), DeMar DeRozan ($25.7 million), De’Andre Hunter ($24.9 million), Keegan Murray ($24.1 million), Malik Monk ($20.2 million), Devin Carter ($5.2 million).

Potential Aaron Gordon trade partners

Charlotte Hornets: After a meteoric midseason rise to become one of the NBA’s best offenses, Charlotte went out sad in the Play-In Tournament. The future is bright. The Hornets have every reason to believe they can compete with the best teams in the East next year. Gordon would be a clear upgrade from Miles Bridges at power forward, adding defensive toughness and championship experience to a young roster.

Trade candidates: Miles Bridges ($22.8 million), Josh Green ($14.7 million), Grant Williams ($14.3 million), Tre Mann ($8 million), Pat Connaughton ($3.8 million, team option), Liam McNeeley ($2.9 million).

Detroit Pistons: Maybe the Pistons can re-sign the aging Tobias Harris for an affordable price (he was already making $26 million) and trade for a star-caliber upgrade on the wing, like Trey Murphy III. But if those plans don’t work out, Gordon is the type of player who could bolster their offense — both as a secondary ball-handler and spot-up shooter — without giving up any of the doggedness that became Detroit’s identity as a flawed No. 1 seed.

Trade candidates: Kevin Huerter (UFA), Duncan Robinson ($16 million), Isaiah Stewart ($15 million), Caris LeVert ($14.8 million), Marcus Sasser ($5.2 million).

Los Angeles Lakers: Los Angeles would probably love to steal any of Watson, Johnson or Gordon from Denver. The hard part to imagine about this fit is a Denver fan favorite wearing the loathsome purple and gold of the Lakers.

Trade candidates: LeBron James (UFA), Rui Hachimura (UFA), Luke Kennard (UFA), Jarred Vanderbilt ($12.4 million), Jake LaRavia ($6 million), Marcus Smart ($5.4 million, player option), Dalton Knecht ($4.2 million).

San Antonio Spurs: Similarly, it seems unlikely that Denver would trade a core player to one of its biggest adversaries in the Western Conference. But the Spurs could benefit from getting a little bigger on the wing around Wembanyama, and Gordon would be an outstanding four in their starting lineup. Another obstacle: The Spurs have so many talented young players on team-friendly contracts that it’s difficult to see them wanting to part with, well, almost anyone on their 2026-27 roster. Gordon would make them older and more fragile in the legs.

Trade candidates: Harrison Barnes (UFA), Keldon Johnson ($17.5 million), Luke Kornet ($10.5 million), Carter Bryant ($5.1 million).

Phoenix Suns: Phoenix seems fully committed to building around Devin Booker for the foreseeable future, and Gordon does fit his timeline. The Suns will have to get creative if they want to keep trending up after a pleasantly surprising seventh-place finish. The power forward position is an obvious hole in their roster.

Trade candidates: Dillon Brooks ($21 million), Grayson Allen ($18.1 million), Royce O’Neale ($10.9 million).

Golden State Warriors: There might not be a more desperate team to stay competitive short-term than Golden State. Age is just a number to the Warriors right now. They’re reportedly preparing to pursue Antetokounmpo, LeBron James, Kawhi Leonard and anyone else they can get their hands on in an effort to stay relevant as the sun begins to set on Steph Curry’s career. Gordon would look young and spry on this roster.

Trade candidates: Moses Moody ($12.5 million), Al Horford ($6 million, player option), Brandin Podziemski ($5.7 million), Gui Santos ($4.6 million).

Los Angeles Clippers: An absolute wild card. Do they tear it down and start a rebuild around Darius Garland and the No. 5 pick? Or do they try to stay competitive after a 15th consecutive season above .500, the longest active streak in the league?

Trade candidates: John Collins (UFA), Bogdan Bogdanovic ($16 million, team option), Derrick Jones Jr. ($10.5 million), Brook Lopez ($9.2 million, team option), Isaiah Jackson ($7 million), Kris Dunn ($5.7 million, non-guaranteed).

In the latest episode of the Nuggets Ink podcast, beat writer Bennett Durando is joined by former host of the show Matt Schubert to discuss:

• An abrupt and embarrassing end to Denver’s once-ambitious 2025-26 season
• Who’s to blame for the first-round loss to the Timberwolves? Nikola Jokic and Jamal Murray underperformed, but David Adelman and Christian Braun seem to be taking more heat from fans
• Can the Nuggets trust Aaron Gordon’s health going forward, or is it time for a major roster shake-up beyond just Cam Johnson?
• Denver’s offseason trades might seem motivated by a resounding basketball failure, but finances are just as important a consideration to the Kroenke family
• Bennett’s idea for a new way to structure the lineup around Nikola Jokic

All this and more on the Nuggets Ink Podcast.

Subscribe to the podcast

������ ���� | |

Producer: AAron Ontiveroz
Music: “The Last Dragons” by Schama Noel

Want more Nuggets news? Sign up for the Nuggets Insider to get all our NBA analysis.

That endearing quality allows the Nuggets’ ownership to take advantage of him, permitting strategic neutrality through glossy double talk as the franchise reaches a crossroads.

Honestly? At this point in his career, there really is only one way Jokic can help the Nuggets win a championship.

Force them to pick a lane.

The Nuggets insist their championship window remains open because of Jokic. President Josh Kroenke emphasized as much last Friday.

But, the Nuggets front office knows the team is flawed, exposed as inferior and soft by the Minnesota Timberwolves. But, they have a good core with Jamal Murray, Aaron Gordon and Jokic. They could run it back.

And round and round it goes.

The Nuggets held a press conference to let us know they could do everything or nothing this offseason. Thanks for clearing that up. It is like the cable guy saying he will show up sometime between 8 a.m. and 5 p.m.

The ambiguity is maddening and messy.

The Nuggets need a clear direction.

What if Jokic walked into the corner office of Stan and Josh Kroenke — or set up a Zoom call from the race track — and demanded the owners spend into the luxury tax or risk the three-time MVP not signing his four-year, $278 million contract extension?

Some people are convinced that the Nuggets are fine and should never acquiesce to any player, even the greatest in franchise history. But would they really say no and risk the consecutive sellout streak and the merchandise money tied to his presence?

The idea of Jokic with a meaner demeanor struck me as to get Lakers general manager Rob Pelinka fired — how dare he not give James a game ball after he set the record for most victories by any player in NBA history? And the chronically tardy while maintaining plausible deniability.

It is exhausting. And it makes us appreciate Jokic.

But what if the Nuggets need something different? For him to command an all-in approach or agree to exercise patience.

At this point in his career — 11 seasons deep — Jokic should demand ownership spend into the luxury tax to improve the roster around him. Or hold his peace and show patience.

And ownership must come clean, and admit this offseason is about avoiding the repeater tax penalties, and that another title run will begin in earnest in 2029 as beat writer Bennett Durando explained, setting “Denver up for three seasons of aggressive spending that coincide with the term of Jokic’s next contract.”

Running it back is the equivalent of being half-pregnant.

The idea of Jokic asserting authority is appealing, rather than remaining satisfied that the front office listens to his opinions and runs big decisions past him. But the time he needed to do it was in 2024.

It is hard to see the Nuggets adding or reconfiguring the pieces in a meaningful way. General managers Jon Wallace and Ben Tenzer have shown acumen, but asking them to thread the needle by avoiding the apron and keeping the core together seems unrealistic.

Trading multiple players, though, can re-energize the franchise and make it more flexible with draft capital. It is not ideal. But it is not a terrible idea when looking at how the Nuggets measure up against the Timberwolves, Spurs and Oklahoma City.

Those teams are more athletic, deeper and way better defensively at a time when that trend is dominating the postseason.

It is fair to wonder if the era of winning with offense — even one as prolific as the Nuggets — is over. Jokic’s reign as the best player is. Victor Wembanyama is ready to turn the MVP trophy into a personal paperweight beginning next season.

This is why taking a step back to move forward is rational, if executed properly. I am never a fan of saving owners money, but going all in with the same team, including retaining Peyton Watson, is sentimental and shortsighted.

The Jokic-Murray-Gordon trio is not what it once was.

The players are three years older since winning rings. Gordon has been hurt and has only been available for half the games. And it doesn’t help that Jokic and Murray, below-average defenders in 2023, are worse now because they lack the burst to make stops in big moments or at the end of games.

It would be great to challenge them to produce one last dance together. But even if they have the determination, it cannot mask aging bodies that can betray them.

Their best chance seems to be avoiding a quick fix. The Nuggets don’t have to rebuild. They have to reboot around Jokic.

The risk of standing pat is not worth the reward. They would be better off trading Cam Johnson and Gordon or Murray than winning 55 games next season, knowing the second round is the ceiling.

The idea of stepping back with Jokic seems outrageous. I get it. But the Nuggets are not one or two players away. Jokic can make the team competitive, entertaining. I am pretty sure Jokic and four guys from the YMCA would post a winning record.

Wouldn’t you rather see 48 victories with young players with an eye on supplementing the group with big-name free agents starting in 2028? Think back to when the Nuggets produced their most memorable victories last season — at Philadelphia, at Boston and at San Antonio.

The common thread in those games?  Players who were hungry with more energy. A younger team with promise is easy to embrace after watching the Nuggets capitulate in the playoffs.

They need a reset. It is an uncomfortable conversation. But the only way ownership will have failed Jokic is if he doesn’t get another championship. Not next year. Over the next five years.

But the remark was nonetheless revealing — specifically, the absence of a sentence clause offering Jamal Murray and Aaron Gordon the same protection as Jokic.

The 31-year-old Serbian center is due a contract extension this summer, and all indications are that he plans to sign it. As for Denver’s other two franchise cornerstones, the future is clouded by Kroenke’s comment. Should it be taken seriously? Or was it just an easy platitude, meant to convey the urgency of the situation after a disappointing first-round playoff loss? After all, Kroenke also hinted that “running it back” with the remaining core of Denver’s 2023 championship team is a possibility.

In order to peel back the layers and truly understand how the Nuggets might proceed from here, you have to follow the money. That will dictate team officials’ offseason decisions as much as — if not more than — the fact that the Nuggets fell flat in the playoffs. The Post has already reported that at least one key player is almost guaranteed to be sacrificed this summer. As we begin exploring Denver’s trade possibilities and free-agent candidates over the next few weeks, we must start with what they have to offer — and why not one but multiple starter-level players could feasibly be gone by the time the dust settles on this offseason.

A mock offseason … minus the trades

The easiest way to illustrate the Nuggets’ dilemma is to first predict every roster decision they’re going to make, minus trades. Basically, we’re gaming out a “mock offseason” but leaving it incomplete. That should give us a rough estimate of their 2026-27 payroll and how much salary they’ll have to dump via a trade to avoid the repeater tax.

Here are the projected NBA tax thresholds for next season to keep in mind:

• Luxury tax: $201 million
• First apron: $209 million
• Second apron: $222 million

At this exact moment, the Nuggets have 10 roster spots filled and $213.8 million on the books. Even in the most aggressive version of this offseason imaginable, in which they decide to spend lavishly, they’re probably going to treat that second-apron number as a hard cap. Most NBA owners do. Alternatively, the Kroenkes might want to get under the luxury tax or at least within range of it — enough to preserve the option to shed more salary at the 2027 trade deadline (like they did this past season). That means we’re eyeing $201 million as the goal while predicting these moves. We have to locate the easiest ways to snip payroll.

Start with backup center Jonas Valanciunas, who has a non-guaranteed salary of $10 million. The Nuggets have already agreed to guarantee him $2 million of that. But it’s pretty much a foregone conclusion that he won’t be in Denver next season. He might not be in the NBA at all. One major Euro League team already tried to lure him away last summer, and he’s reportedly expected to have more overseas suitors this year. Leaving the NBA behind would allow him to be closer to home (Lithuania) and get more playing time as he enters the late stages of his career.

The exit strategy here could work in one of three ways. The Nuggets could trade him to a team that’s willing to eat the remaining salary on his contract after releasing him. But that would probably cost them at least a second-round pick, and they have only three of those to spend with other salary-shedding moves to anticipate. Another option is to waive Valanciunas outright and eat the $2 million on the 2026-27 cap sheet. Or they could “waive and stretch” him, which would basically disperse his guaranteed salary over three seasons. The Nuggets would incur a modest $666,667 dead cap hit next season, still saving them $9.3 million. It seems like the most reasonable route to predict, partially because ownership shouldn’t be as worried about paying the tax in the last two seasons of stretched salary if Denver successfully ducks the repeater next year.

Another easy penny-pinching move is to pick up Jalen Pickett’s fourth-year team option. His $2.41 million salary is about $40,000 cheaper than the projected veteran minimum cap hit. Cha-ching.

Another is to keep the No. 26 pick in the draft and sign that player to a standard contract. The rookie salary scale for the 26th pick is projected to start around $3.1 million. That’s a cheap roster spot and an opportunity to fill a positional hole of Denver’s choosing, lower down on the depth chart.

The Nuggets have two restricted free agents in Peyton Watson and Spencer Jones. Jones came close but didn’t quite meet the “starter criteria” for RFAs, meaning his qualifying offer is the standard minimum instead of $5.9 million. Watson’s qualifying offer is $6.5 million, but he’ll get paid much more than that, whether it’s from Denver or someone else. It should be noted that if the Nuggets want to scare away other suitors (Los Angeles, Brooklyn, Chicago), they’ll probably want to telegraph their intent and ability to match offer sheets in advance. They can only do that by agreeing to a significant salary-shedding trade and clearing their books before free agency — a brutal tightrope to walk with no guarantee that Watson doesn’t still get a lucrative offer regardless. Point being: Our order of operations in this simulation is not meant to be accurate.

Watson checks a lot of boxes for the Nuggets after they felt like they were at a loss for secondary ball-handling and athleticism against Minnesota. Let’s just say restricted free agency works out perfectly, with Jones taking his qualifying offer and Watson getting squeezed a bit in negotiations. We’ll pencil him in for an ascending deal that starts at $20 million next season and has an average annual value between that and $25 million. This would be a team-friendly outcome that still acknowledges and validates Watson’s breakout year.

In summary, here are the (hypothetical) moves:

• Waive and stretch Jonas Valanciunas
• Pick up Jalen Pickett’s team option
• Keep the 26th pick in the draft
• Re-sign Spencer Jones at the minimum
• Re-sign Peyton Watson to an ascending deal starting at $20 million

This adds up to a payroll just shy of $230 million, with 12 roster spots occupied. Teams are required to carry at least 14 players on the 15-man roster. We saw the Nuggets leave the 15th vacant for most of last season. It seems likely that they’ll want to repeat that strategy to help with their cap crunch. But even if they do, they’re left with $29 million to cut and two more roster spots to fill.

Ideally, part of the solution is to find a trade that achieves both goals by breaking down a single large salary into multiple smaller ones. But keep in mind that it can be difficult to pull off in the NBA’s apron era, when there are usually more teams trying to shed money than welcome more of it.

Which players can the Nuggets trade?

Outside of Jokic (and Valanciunas), here are Denver’s bulkiest 2026-27 salaries:

• Jamal Murray: $50.1 million, three years remaining
• Aaron Gordon: $32 million, three years remaining
• Cam Johnson: $23.1 million, one year remaining
• Christian Braun: $21.6 million, five years remaining
• Zeke Nnaji: $7.5 million, two years remaining

The reality is that neither Braun nor Nnaji can be the centerpiece of a trade. Now that Nnaji is halfway through his extension with a descending salary against an increasing cap, the Nuggets might be able to get off his contract by attaching him to a better player or by intervening in a random trade between other teams that need salary filler to complete the deal. (Keep an eye on the Giannis Antetokounmpo sweepstakes — Denver could look to get involved as a fourth or fifth party, depending on how the trade landscape develops for Milwaukee’s superstar.)

Or the Nuggets could get rid of Nnaji in a straight-up salary-dump trade if they can convince someone to take second-round picks or a future first-round swap along with his contract.

Braun’s salary and term are probably both too daunting a commitment to say the same for him. Other teams just aren’t going to be sold on the 25-year-old guard right now. His shooting and handles are both under the microscope. The Nuggets can explore the market and offer to mortgage what’s left of their future draft pick pool, but they’ll have a hard time finding any takers.

That leaves you with Murray, Gordon and Johnson as the three main options who are:

1. Good enough to draw interest from other teams and become a primary trade chip.
2. Paid enough to help the Nuggets unload substantial salary in a trade.

Johnson is probably the easiest of the three to move because he’s on an expiring contract next season. In other words, he’s a low-risk commitment. Contenders and tankers alike could be swayed to take the 43% outside shooter, and Denver might even be able to get back some future draft capital. The problem is that his value might also be somewhat diluted by Denver’s intentions to dump salary. You have to view “getting off of Player X’s contract” as part of the return when evaluating this type of trade.

Now, consider that even if the Nuggets are able to reduce their payroll by most of Johnson’s $23 million salary, they would ���پ�������be a few million over the tax.

Sacrificing him isn’t enough. The math simply doesn’t add up. If you completely ignore NBA trade rules and other teams’ priorities, and if you subtract Johnson’s salary and Nnaji’s from $230 million without adding a single cent back, you still end up around $199.5 million with four open spots. Four veteran minimum free agents later, you’re paying $209.3 million for a roster with no salaries between $5 million and $21 million.

If the financial goal is merely to avoid the $222 million second apron, deciding between Johnson and Watson should suffice.

But the only way to actually duck the repeater tax, barring a miracle of front-office work by Jon Wallace and Ben Tenzer, is to dump Johnson and lose another valuable player. Maybe that means letting Watson go in free agency, or maybe that means trading Murray or Gordon.

Either way, it’s a financial dilemma that illuminates the meaning behind Kroenke’s message.

If the Nuggets “run it back” with their three best players, but they also want to evade the tax, the cost might be both Watson and Johnson — leaving them with a shallower, older version of the team that just lost in the first round.

If they truly want to prioritize youth, athleticism and defense at all costs (well, except for the tax), they might be sacrificing two starters to keep Watson — even at a relatively low-end salary projection, as we’ve outlined.

Neither option would be encouraging for the team’s championship aspirations in a league ruled by Oklahoma City and San Antonio.

And neither option would be a flattering look for Stan Kroenke, .

The counterpoint from ownership would be that two consecutive years out of the tax can set Denver up for three seasons of aggressive spending that coincide with the term of Jokic’s next contract. And that a first-round exit from the 2026 playoffs revealed the Nuggets are overdue for a reset of the core.

A reasonable rebuttal would be that next season is always the most important season when a player like Jokic is in his prime — and possibly nearing the end of it.