The Cavaliers have acquired Peyton Watson from the Nuggets in a multi-team trade, per multiple reports. Per ESPN, Watson will sign a new four-year, $88 million deal with Cleveland.

The trade involves at least four teams. According to Hoops Rumors' reporting from Shams Charania, the Cavs are sending Max Strus and a 2031 first-round pick to the Clippers. The Wizards are receiving Tre Mann, a 2027 Clippers second-round pick, and cash from Cleveland. The Wizards will send Julian Reese to Denver, who will waive the big man, per Charania's reporting.

ESPN reported that Strus is heading to the Clippers, though the full structure of assets moving between all four teams is not entirely clear from available reporting. The exact role of the Clippers in the transaction—beyond sending the 2027 second-round pick to Washington—was not specified in the available reports.