12:55pm: The move is official, the Blazers confirmed in a press release.
12:37pm: The Trail Blazers are converting Olivier Sarr‘s Exhibit 10 contract to a two-way deal, reports Adrian Wojnarowski of ESPN (Twitter link).
Sarr, 23, spent a portion of his rookie season in 2021/22 with the Thunder, signing a pair of 10-day contracts with Oklahoma City and then receiving a two-way deal. He averaged 7.0 PPG and 4.2 RPG in 22 NBA games (19.1 MPG), with a solid shooting line of .574/.448/.828.
The former Kentucky Wildcat played for Phoenix’s Summer League team in Las Vegas, then signed with the Blazers. He has appeared in four preseason games for Portland and seems to have made an impression on the team, sticking around while fellow camp invitees Jared Rhoden and Isaiah Miller were waived on Wednesday.
Once Sarr’s contract is officially converted into a two-way, the Blazers will have 14 players on standard deals and one on a two-way pact. I wouldn’t expect the tax-conscious club to add a 15th man before opening night, but it’s possible Portland will sign a second two-way player.