What happened: Peyton Watson can accept the offer and become an unrestricted free agent in 2027. He can also negotiate a multiyear contract as a restricted free agent.
Why it matters: Matching Spencer Jones' offer sheet already raised the current penalty from about $36 million to $68.6 million and triggered second-apron status. Watson's next contract could deepen the financial pressure or force a salary-clearing move.
By the numbers: The $6.53 million qualifying offer would add at least $43.4 million to the current tax penalty—about $6.64 in added tax for every $1 of salary.
What to watch: Watson's contract decision and any corresponding roster move will determine the final 2026-27 tax exposure.