Peyton Watson's arrival gives Cleveland another option on the wing, though Merrill's elite perimeter shooting provides him with a skill that remains particularly valuable alongside Donovan Mitchell, James Harden, Evan Mobley and Jarrett Allen.
Watson shot 41.1 percent from three last season over 54 regular-season games, but he's historically been a relatively low-volume shooter, so Merrill could continue to have a role when the Cavaliers need additional floor spacing. Even so, Cleveland's increasingly crowded wing rotation leaves Merrill with a relatively narrow path to consistent fantasy relevance.