DeMar DeRozan plans to sign with Nuggets after Peyton Watson trade

DeMar DeRozan appears to be the Denver Nuggets’ solution to trading Peyton Watson earlier this week.

The 17-year veteran plans to sign with the Nuggets after receiving a contract buyout from the Sacramento Kings this offseason, NBA reporter Chris Haynes and ESPN reported on Friday, August 21. DeRozan’s intentions to join Nikola Jokic, Jamal Murray and Aaron Gordon in Denver became public in the aftermath of the Nuggets’ decision to deal Watson to the Cleveland Cavaliers in a multi-team trade on Thursday.

The Nuggets also received a 2031 first-round pick, a second-round pick and Washington Wizards forward Julian Reese as part of a trade that came to fruition after Denver and Watson couldn’t come to terms on a new contract. Watson was a restricted free agent this offseason coming off a career year on the wing for the Nuggets. He agreed to a new 4-year, $88-million contract with Cleveland in conjunction with the trade.

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Joshua Kushner makes a bold move from investor to NBA owner

Founder and Managing Partner of the venture capital firm Thrive Capital, Joshua Kushner, speaks during the Hill & Valley Forum at the US Capitol Visitor Center Auditorium in Washington, DC, on April 30, 2025. The Los Angeles Lakers, one of the most successful teams in NBA history, are being sold to former Disney CEO Bob Iger and investor Joshua Kushner in a deal valued at a reported $12.5 billion. The sale announced on August 12, 2026 would mark a record-breaking valuation for a North American sports franchise and comes only about a year after billionaire Mark Walter agreed to buy a controlling interest in the team in a then-record $10 billion deal.

(BRENDAN SMIALOWSKI, AFP via Getty Images)

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