What happened: Denver Post columnist Troy Renck asked whether the decision on whether the Nuggets sign or trade Peyton Watson will end up as the defining moment of Denver's offseason. The question comes as the Nuggets weigh retaining the young wing against dealing him via sign-and-trade.

Why it matters: The Nuggets have drawn three known sign-and-trade suitors for Watson — the Bucks, Clippers and Hawks — while trying to avoid crossing the league's $222M second-apron threshold. Renck's framing reflects how much of Denver's summer has been consumed by a single roster decision rather than outside additions.

What to watch: Watch for movement from the Bucks, Clippers or Hawks on a formal sign-and-trade offer, and whether Denver settles the Watson question before training camp.