Denver

Nuggets

The 49th overall pick in the 2026 draft, Hopkins had a productive Summer League run in Las Vegas. The former St. John’s standout has been rewarded with a two-way deal, and there could be times during the season when he’s called upon to provide added depth on the wing. While worthy of a look in dynasty leagues, there’s no need to consider Hopkins in redraft formats during draft season.

DeRozan was waived by the Kings in early July, and he has now found a new home for his 18th NBA season. He spent the last two in Sacramento and will remain in the West, though on a more competitive team. DeRozan will have a chance to start, but it is more likely that he is used in a reserve capacity. DeRozan has only come off the bench 12 times in his career, all during his rookie season. He’ll likely take another hit in production due to a minutes decrease next season.

The Cavs’ interest in Watson has been rumored for a while, and they were finally able to get a deal done, and it wasn’t just the trade. With the deal, Watson also agreed to a four-year, $88 million extension to stay in Cleveland for a while. Watson is coming off a breakout season and should fill in as the Cavs’ fifth starter alongside James Harden, Donovan Mitchell, Evan Mobley and Jarrett Allen. Watson’s role will look different than it did last season, but his versatility on both ends should fit in well in Cleveland as they look to compete in the East. Watson’s departure should officially lock in Christian Braun, Cameron Johnson and Aaron Gordon as starters in Denver, though Julian Strawther should step into extra minutes off the bench.

Watson remains a restricted free agent, and the Cavaliers are reportedly exploring ways to create enough salary-cap space to offer him a four-year deal. According to Stein, Cleveland has considered trade scenarios involving guards Dennis Schroder and Max Strus to shed salary. Watson is seeking a deal worth more than $25 million annually, but could also accept his $6.5 million qualifying offer from the Nuggets and become an unrestricted free agent next summer. Whether he remains in Denver or heads elsewhere, Watson has the skill set needed to offer reliable fantasy value. That said, an opportunity to start would raise his ceiling, and that may not be possible in Denver next season.

Per usual, the NBA will have its brightest stars playing on Christmas Day. The NBA Finals rematch will start the day at 12 p.m. ET and will be followed by Heat-Celtics, 76ers-Lakers, Thunder-Timberwolves and Nuggets-Warriors. Aside from the team and player rivalries that will add to the drama, this will also be LeBron James’ return to Los Angeles after spending the last eight seasons as a Laker.

Walker spent the last season with Maccabi Tel Aviv in the EuroLeague. Prior to that, he spent seven seasons in the NBA. Walker 12.4 points and 23.4 minutes per game in 2024-25 with the Sixers. He’ll earn the veteran minimum with the Nuggets.

Watson remains a restricted free agent, and there has not been much movement between him and the Nuggets regarding a new deal. While Denver wants to hold onto him, the possibility of a sign-and-trade remains. According to Scotto, the Nuggets would want a future first-round pick in return if they were to move Watson. One of the teams reported to be interested, Milwaukee, is said to be willing to consider absorbing Zeke Nnaji’s contract, which the Nuggets have been looking to get off their books for quite some time. Watson also has the option of accepting his qualifying offer of $6.5 million, which would allow him to become an unrestricted free agent next summer.

While it was reported that the Nuggets offered Watson $70 million over four years, another report says the team is willing to put up that amount over five years. The Nuggets are looking to get back under the second apron, hence the figure being offered to Watson. Regardless of the contract’s length, the annual value is a far cry from the $25 million that Watson was reportedly seeking. And with teams that have reportedly expressed interest in signing Watson needing to execute a sign-and-trade to get something done, the Nuggets have leverage. Watson has the option to accept his qualifying offer, which would make him an unrestricted free agent next summer, but that path carries significant risk. If he were to either play poorly or suffer an injury, Watson could stand to lose even more money next summer.

The Nuggets’ decision to match the Thunder’s offer sheet comes less than 48 hours after OKC’s initial offer. Jones, who averaged 5.5 points and 3.3 rebounds across 64 games last regular season, should remain a solid piece off Denver’s bench for the 2026-27 campaign. He’s mostly a three-point specialist who can provide some perimeter defense as well during his minutes, but is unlikely to move high enough up Denver’s depth chart to have any fantasy value next season.

Jones is a restricted free agent, so the Nuggets still have the opportunity to match the contract and keep him. If not, this was a wise bit of maneuvering by the Thunder as they were able to offer Jones using the Taxpayer mid-level exception after getting under the second apron by trading Lu Dort. Jones averaged 5.5 points in 22.5 minutes per game during the regular season last year, but stepped up during the playoffs, shooting 69 percent from three-point range.