What happened: Christian Braun's five-year, $125 million extension has become the benchmark in Denver's contract negotiations. The Nuggets can maintain their position unless a rival team submits an offer sheet.

Why it matters: Restricted free agency gives Denver control over the timing and price of a new deal. That leverage matters as the Nuggets manage a costly roster entering the 2026-27 season.

What to watch: Watch for an outside offer sheet or movement toward a contract near Braun's annual salary.