The Denver Nuggets have offered Peyton Watson a five-year, $70 million contract in restricted free agency. The Nuggets value Watson but they are facing severe luxury tax issues unless they are able to trade away a player or two and get below the second apron.

Watson has presumably been anchored to the five-year, $125 million contract extension that Christian Braun signed with the Nuggets last October. Watson went on to outplay Braun last season.

There have been multiple teams who have made sign-and-trade offers in order to acquire Watson with the Atlanta Hawks, Los Angeles Clippers and Milwaukee Bucks linked to the wing.

Watson averaged 14.6 points, 4.9 rebounds and 1.1 blocks over 54 games last season.

Watson has become one of the best recent Nuggets draft picks, giving Denver a young wing archetype that is difficult to find across the league. Watson is represented by Rich Paul, Calvin Andrews and Lucas Newton of Klutch Sports.