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Story summary
- The Denver Nuggets waived forward Peyton Watson without receiving any players in return.
- Watson’s four-year, $88 million contract averages about 12.5 percent of the NBA salary cap.
- The move continues a three-year streak of the Nuggets cutting costs by releasing top-six contributors.
- Denver remains subject to the NBA’s second-apron luxury-tax threshold.
- The franchise’s owners also bought the Los Angeles Angels for a $4 billion valuation.
