Thunder Declining 2024/25 Options On Joe, Wiggins

The Thunder won’t exercise their team options for 2024/25 on wings Isaiah Joe or Aaron Wiggins, reports Shams Charania of The Athletic (Twitter link).

Both options were for very team-friendly rates — Joe’s was worth $2.165MM, while Wiggins’ was for $1.989MM. On the surface, it looks like a surprise that Oklahoma City is turning them down, given that the two players were solid rotation pieces in 2023/24.

However, as Charania notes, the Thunder don’t intend to let either player get away and will work on longer-term deals with both of them.

The thinking is that the Thunder will be able to keep Joe’s and Wiggins’ very small cap holds on the books, use up all of their cap room on other moves, then go over the cap to re-sign the two players to multiyear contracts using their Bird rights (or, in Joe’s case, Early Bird rights).

Joe and Wiggins will be rewarded with raises for the 2024/25 season and may in turn give the Thunder a better long-term rate than they would have if they became free agents a year from now (though that’s not a certainty).

Wiggins can be made a restricted free agent with a qualifying offer, and Michael Scotto of HoopsHype (Twitter link) confirms he has received that offer (worth about $2.4MM). However, Joe has too many years of service to be an RFA, so I’d imagine the Thunder have a pretty good idea of what it will take to re-sign him.

Joe has spent the past two seasons in Oklahoma City after being waived by the Sixers. During that time, he has been one of the team’s most reliable shooters off the bench, averaging 8.8 points per game with a .412 3PT% in 151 outings (11 starts; 18.8 MPG).

Wiggins, the 55th overall pick in the 2021 draft, has been with the Thunder for three seasons, averaging 7.3 PPG, 2.9 RPG, and 1.2 APG in 198 games (53 starts; 18.9 MPG) during that time. His career shooting line is an impressive .514/.394/.780.