Multiple sagas have been unfolding during the NBA offseason. One has been the Denver Nuggets potentially tightening payroll, even though their team has to find ways to remain near the top of the brutal Western Conference. Another has been the restricted free agency of Peyton Watson. And, of course, we have the Cleveland Cavaliers trying to become true contenders in the East and making sure they duck under the second-apron payroll threshold.At least some of these things have been addressed. The Nuggets are sending Watson to Cleveland, where he will ink a four-year, $88 million deal. The Cavaliers are sending Max Strus to the LA Clippers and draft capital to Denver. They’re also sending the recently acquired Tre Mann to the Washington Wizards, with Cam Whitmore headed to Cleveland and Julian Reese headed to Denver. According to ESPN, which first reported the trade, last week’s reported Cavs-Hornets deal involving Mann and Dennis Schröder will make this a five-team transaction overall.What does this all mean for the teams involved? Is there another deal to be made by the Nuggets? Is Cleveland getting the right guy with Watson? Let’s bust out the red ink and slap some grades on this trade.Cavaliers receive Peyton Watson, Cam WhitmoreThis move is a risk, but it’s one worth taking.Watson saw a career season across the board (14.6 points, 4.9 rebounds, 2.1 assists and 49.1/41.1/73.0 shooting splits) during his 54-game campaign with Denver. But much of that bump in production was carried by a 17-game stretch in January and early February before his hamstring injury. During that stretch, Watson averaged 22.5 points, 5.6 rebounds, 2.8 assists, 1.1 steals, 1.4 blocks and 49.8/46.2/70.3 shooting splits. A lot of that production came while Nikola Jokić nursed a knee injury. Before that, Watson was having a modest season.Do you believe Watson unlocked something during that stretch of games, or was it an aberration? We know Watson is a very good defender, and he’s been a respectable 3-point shooter in his brief career. It’s doubtful he’s a guy who can regularly average 20 points, but he did show there is potentially more to his game than previously seen. Cleveland has struggled to find wings next to Donovan Mitchell and whichever All-Star lead guard it’s employing alongside him. Watson should theoretically solve that problem.The Cavs still need to re-sign James Harden, which will push them above the first-apron threshold of $209 million. It could have them just below the second apron as well.Grade: B+The most confusing team of the NBA offseasonEsfandiar BaraheniNuggets receive 2031 first-round pick, 2032 second-round pick, Julian ReeseThere’s an assumption out there that shedding Watson and his potential salary will open up the Nuggets to pursue and sign veteran DeMar DeRozan. If they’re able to sign DeRozan thanks to this deal, it bumps up the grade a little more.