Denver led most of the way but dissipated a 19-point advantage in the second half as the Raptors' Amir Johnson drained a 3-pointer with 7.9 remaining, cutting Denver's lead to just two points at 112-110.
Kenneth Faried (18 points, 10 rebounds) then could hit just one of two free throws for the Nuggets, allowing Toronto's DeMar DeRozan a potential game-tying 3-point try at the buzzer, which bounced off the rim.
JaVale McGee supplied 17 points and Ty Lawson helped out with 16 as Denver halted a three-game skid.
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