Peyton Watson

Denver matched Oklahoma City's two-year, $11.75M offer sheet for forward Spencer Jones, according to Bennett Durando of the Denver Post. Jones said the move cut short his vacation in Colombia for a physical, joking he'd sacrifice the trip for $12 million.

Cleveland president Koby Altman said missing out on LeBron James, who signed with Philadelphia, didn't stop what he called a productive offseason.

Peyton Watson, a restricted free agent, has said Cleveland wasn't among the first teams to show interest in him, but once the Cavaliers began pursuing the 23-year-old forward, he saw the fit working for both sides. He's said to be eager to show off his all-around game there.

Jovan Buha said on his Buha's Block show that Los Angeles remains interested in trading for a starting-caliber power forward, whether now or closer to the deadline.

Milwaukee considered a sign-and-trade for Nuggets guard Peyton Watson and floated Jaime Jaquez Jr. as part of the package, according to the Denver Post. The Bucks never made a formal offer and were not seen as favorites.

Denver Post reporter Bennett Durando details how Peyton Watson's split from the Nuggets built over months. Denver bypassed a rookie extension last October, offering no more than $10-12M annually while Watson sought around $14M, and instead extended Christian Braun.

Denver has cut two-way forward/center Julian Reese, according to NBA.com's transaction log. Reese arrived from Washington last week in the Peyton Watson deal, a move Denver could make while over the second apron because two-way deals don't count against the cap, and reporting at the time already pointed to his release.

Cleveland has waived Cam Whitmore, per HoopsHype's Michael Scotto, eight days after acquiring him from Washington in the five-team sign-and-trade that brought Peyton Watson from Denver.

Cleveland has officially signed James Harden to a three-year, $97 million contract, president Koby Altman confirmed. The deal includes a player option for 2028-29 and a trade kicker, according to agents Mike Silverman, Troy Payne and Brandon Grier of Equity Sports, who represent Harden.

Denver has signed Peyton Watson to a multi-year contract. No terms disclosed.