What happened: Cleveland projects Peyton Watson as a fifth starter after acquiring him on a four-year, $88 million contract. Denver chose future draft capital over retaining the 23-year-old wing.

Why it matters: Watson gives the Cavaliers wing defense and transition scoring, though losing Max Strus and Dennis Schroder thins their depth. The Nuggets enter 2026-27 with less immediate help around their expensive core.

What to watch: Cleveland's opening rotation will show whether Watson can thrive in a lower-usage role. Denver's next move will clarify whether the 2031 pick is a long-term asset or trade currency.