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Free agency opened with a bang as the calendar flipped from June to July and one of the biggest spenders was the Denver Nuggets, who committed more than $200 million to Nikola Jokic and Will Barton on new contracts. The small-market Nuggets are slated to spend with the big boys next season, a situation that will have to be rectified before the February trade deadline. Denver is more than $22 million over the luxury tax line, with a projected tax bill of more than $52 million, after the Jokic and Barton deals are made official and while their luxury tax bill doesn’t lock in until the end of the 2018-19 regular season, their ability to shed that much salary may quickly disappear between now and then. Further complicating Denver’s objectives, there are precious few teams around the league with the available cap space to take on their bad contracts, a list that shrunk early in free agency after Dallas came to terms with DeAndre Jordan and Indiana used some of their available money on Doug McDermott.
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