Peyton Watson Trade Completed

Cavs acquired Peyton Watson in a 4-team deal sending Max Strus and an unprotected 2031 first-round pick to the Clippers. Watson signed $88M/4-year extension with player option and trade kicker. New detail: Cavs sent $4.35M to Hornets and $3M to Wizards. The trade hard-caps the Cavs at the first apron, leaving only $2M in cap space.