Denver Nuggets

Sacramento is stretching what's left of DeMar DeRozan's $10 million salary, Michael Scotto of HoopsHype reports. That leaves him on the Kings' books at roughly $3.33 million a year for the next three seasons. DeRozan signed a one-year deal with Denver last week.

Two free agent moves anchor the latest episode of The Dunker Spot: Klay Thompson signing with Miami and DeMar DeRozan heading to Denver.

Mark Mitchell, who went undrafted and signed an Exhibit 10 contract with Denver this summer, is instead heading to Kentucky after being cleared for a fifth college season.

Nikola Jokic can hit free agency next summer, and a CBS Sports column argues Denver's quiet offseason has done little to make him want to stay, even if he most likely does.

ESPN's Shams Charania reports the Denver Nuggets are signing DeMar DeRozan to a one-year, $3.9 million contract.

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.

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

Peyton Watson is on his way to the Cavaliers in a deal with the Nuggets, per CBS Sports, which handed out grades on the swap and framed it as Cleveland adding a wing coming off a step forward while questioning what Denver is building around Nikola Jokic.

Peyton Watson would move from Denver to the Cavaliers while Max Strus heads to the Clippers as part of a multiteam trade, according to ESPN. Full details of the deal beyond the two headline names were not specified.

Milwaukee remains interested in a sign-and-trade for restricted free agent Peyton Watson, Eric Nehm of The Athletic reported Thursday, though league sources expect the Bucks to resist parting with a first-round pick as they rebuild their asset base after dealing Giannis Antetokounmpo.