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Bucks Join Clippers and Hawks in Chase for Peyton Watson

Denver’s demand for Kessler‑level compensation plus its closeness to the NBA second tax apron make a sign‑and‑trade difficult.

Overview

  • Marc Stein reported Tuesday that the Milwaukee Bucks have added themselves to the Los Angeles Clippers and Atlanta Hawks as teams exploring a sign‑and‑trade for restricted free agent Peyton Watson.
  • Denver is asking for a return comparable to the Walker Kessler deal—reported as two first‑round picks and two first‑round pick swaps—which has stalled most trade discussions.
  • Watson’s breakout 2025–26 season (about 14.6 points, 4.9 rebounds, 2.1 assists per game and roughly 41 percent from three) underpins his reported $25 million‑plus annual market demand.
  • Milwaukee appears to have financial tools to pursue Watson, including roughly $10–11 million of cap room and a $25.5 million trade exception, but roster count and Denver’s reluctance to take back salary complicate any sign‑and‑trade.
  • The situation remains unresolved with Denver prepared to match a large offer or hold out for heavy compensation, and Watson could instead sign a one‑year RFA tender to stay in Denver if a long‑term deal cannot be completed.