That offer comes in well below the $25MM+ annual salary Watson was said to be seeking early in free agency. Still, Fischer cites one source briefed on Watson’s situation who views Milwaukee as the 23-year-old’s most likely non-Denver landing spot. L.A. also has a separate $17MM trade exception that it could use to offer Watson a contract worth as much as $74.2MM over four years. Even if he were simply to accept his $6.5MM qualifying offer, the team’s tax bill would increase to $112MM, per Marks (Twitter link). Currently, Denver – which is subject to repeater taxpayer penalties – has a projected tax bill of roughly $68MM.