TRADES:

• Denver receives Tre Jones, Jalen Smith, and a 2029 second-round pick from Chicago for Cameron Johnson and #26 pick

• Denver receives 2 second-round picks from Memphis for Zeke Nnaji

DRAFT:

• Richie Saunders (#49)

SIGNINGS:

• Peyton Watson (4 years/$100M)

• Spencer Jones (2 years/$10M)

• Keon Ellis (2 years/$8M)

• Bruce Brown (2 years/minimum)

• Jaxson Hayes (1 year/minimum)

OTHER MOVES:

• Waive Jonas Valanciunas ($2M cap hit in 2026-27)

PROJECTED ROSTER:

• Starters: J. Murray / C. Braun / P. Watson / A. Gordon / N. Jokic

• Bench: T. Jones / K. Ellis / B. Brown / J. Smith / J. Hayes

• Reserves: J. Strawther / R. Saunders / S. Jones / J. Pickett / D. Holmes II