If the Nuggets simply waived Jonas Valanciunis and then signed Peyton Watson to a \(25 million per year contract, they would get hit with a tax penalty of \)177 million dollars. That’s the cost of the repeater tax.
Source 1: https://podcasts.apple.com/us/podcast/the-zach-lowe-show/id1805478723?i=1000775814270
Source 2: https://www.spotrac.com/nba/denver-nuggets/yearly
Confirmed by Bobby Marks on ESPN: If the Nuggets simply waived Valanciunis and then signed Peyton Watson to a \(25 million/year contract, they would get hit with a tax penalty of \)177 million dollars. That’s the cost of the repeater tax. ONE HUNDRED SEVENTY SEVEN MILLION.
Surely that has to be in the back of the minds of the Denver Nuggets owner, right? Paying $177M in addition to the salaries you’re paying for a team that got bounced by an Anthony Edwards-less Minnesota team in Round 1 a few weeks ago.