What happened: The Denver Nuggets are weighing whether to commit $25 million to retain wing Peyton Watson this offseason. The franchise faces a critical financial decision regarding his long-term value.

Why it matters: Retaining Peyton Watson could push Denver over the $222 million second-apron threshold, severely limiting future roster flexibility. The Bucks, Clippers, and Hawks have all explored sign-and-trade scenarios if the Nuggets balk at the asking price.

What to watch: Denver must finalize its valuation before competing offers force a decision or prompt a sign-and-trade agreement.