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Northwest Notes: Thunder, McDaniels, Edwards, Towns, Jazz

September 28th, 2023 at 3:56pm CST by Dana Gauruder

The Thunder have plenty of draft assets and young players to dangle for a proven star. However, general manager Sam Presti doesn’t believe this is the right time to make that kind of trade, according to Justin Martinez of The Oklahoman.

Presti wants to see his young team develop more with what they have before taking that route.

“I don’t think you can make a rational case for it now,” Presti said. “Perhaps at some point when we have a little more information, the team has demonstrated its capability and played in high-performing games and we see what our limitations are, potentially. But I don’t know that there’s a lot of good rational thinking behind that other than impulse and following content creation. That is just part of the world that we live in.”

We have more from the Northwest Division:

  • The Timberwolves are hopeful of reaching a rookie scale extension agreement with forward Jaden McDaniels in the coming days, Chris Hine of the Minneapolis Star Tribune tweets. “Yeah, certainly. … Had some constructive conversations with his agents and fingers crossed we’d like to get something done,” president of basketball operations Tim Connelly said. McDaniels will be a restricted free agent next summer if he doesn’t sign an extension.
  • Who is the current team leader and face of the franchise the Timberwolves — Karl-Anthony Towns or Anthony Edwards? According to Edwards, that’s not even an issue, Jon Krawczynski of The Athletic writes. “That’s what people try to do, man,” Edwards said. “They try to, like, break you up. Who’s the best player, you or KAT? Or who should take the last shot, you or KAT? And I don’t think it’s about any of that.”
  • The Jazz have finalized their coaching staff, according to a team press release. Chad Forcier, Rick Higgins, Scott Morrison, and Mike Williams are the newcomers to Will Hardy‘s staff. Evan Bradds, Chris Jones, Sean Sheldon, Lamar Skeeter and Jason Terry are the returning assistants.
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Victor Oladipo Won’t Be In Camp With Thunder

September 27th, 2023 at 11:52am CST by Luke Adams

Veteran guard Victor Oladipo, who was traded to the Thunder this offseason, won’t be in training camp with the team, general manager Sam Presti told reporters on Wednesday, per Brandon Rahbar of Daily Thunder (Twitter link). According to Rahbar, Presti said that the Thunder will soon have to make a decision on Oladipo’s contract.

“VO is great. He’s been through a lot,” Presti said. “He’ll be back this season at some point. But with our roster situation, we can’t prioritize that. But we’re big fans of Victor.”

Oklahoma City acquired Oladipo from the Heat in July along with a pair of second-round picks. It was a cost-cutting move for Miami after the 31-year-old picked up his $9.45MM player option for the 2023/24 season.

Oladipo has had his career derailed in recent years by a series of leg injuries. The latest one occurred in the spring, as he tore the patellar tendon in his left knee early in the postseason.

While Presti indicated today that he expects Oladipo to return to action at some point this season, he presumably won’t be ready for opening night. And even when he has been healthy enough to play in recent years, the two-time All-Star has struggled to regain his old form.

In his prime, Oladipo was a talented scorer and a lockdown perimeter defender. However, he hasn’t been able to stay on the court for a full season since 2017/18. Last year, in 42 games for the Heat, he averaged 10.7 points, 3.5 assists, and 2.7 rebounds in 26.3 minutes per night, with a shooting line of .397/.330/.747.

The Thunder have a roster crunch this fall, with 15 players on guaranteed contracts and three more (Isaiah Joe, Aaron Wiggins, and Jack White) who have a legitimate shot to make the club’s 15-man regular season roster. Oklahoma City will have to trade or waive at least three players before opening night, and Oladipo looks like a good bet to be one of the odd men out. If OKC is unable to find a taker for his expiring contract, he could be waived before the regular season begins.

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Heat Notes: Lillard, Jovic, Martin, Love

September 27th, 2023 at 10:01am CST by Luke Adams

Despite the recent deluge of rumors linking Damian Lillard to the Raptors, Toronto-based reporter Michael Grange of Sportsnet.ca (Twitter link) says the growing consensus around the NBA is that the Trail Blazers guard will ultimately land in Miami, his preferred destination.

If Lillard is sent to Miami, what would the Heat realistically have to give up? One veteran scout who spoke to Barry Jackson of The Miami Herald believes that a package of Tyler Herro, three first-round picks, cap filler (likely Kyle Lowry‘s expiring contract), and one player from the trio of Nikola Jovic, Jaime Jaquez, and Caleb Martin would make sense for both sides.

“If I’m the Heat, I offer two (first-round) picks, Herro and one of the three young players, preferably Jovic or Jaquez, and see if anybody tops that,” the scout said. “If you have to give up one more pick, fine. Three picks are rich for a guy who’s 33 with ($216MM) left on his contract. But I could understand offering a third. I would do it if that made the difference in making the deal.”

Previous reporting indicated that Miami initially made an offer that included Herro and two first-round picks.

Because they owe a protected 2025 first-round pick to Oklahoma City, the Heat can currently only include two first-rounders in any trade package, due to the Stepien rule. They would have to reach a separate agreement with the Thunder amending the terms of that traded pick in order to free up a third movable first-rounder. Alternatively, they could offer one or more first-round pick swaps.

Here’s more on the Heat:

  • Speaking to Anthony Chiang of The Miami Herald, Nikola Jovic discussed his experience playing for Serbia in the FIBA World Cup, the status of a back injury that bothered him earlier in the year, and how it felt to have his name pop up in the Lillard trade rumors. A busy summer helped Jovic not spend much time thinking about that trade speculation, he told Chiang. “You just concentrate on other things. I was just so concentrated on basketball there that I didn’t have time to think about what’s going to happen,” Jovic said. “It’s a business. So what happens happens. But of course, right now when I’m (in Miami) and more people talk about it, it’s different than when I was there and just playing and being in the game all the time.”
  • Chiang also interviewed Caleb Martin, who said that Miami feels like a “second home” to him after two years with the Heat and spoke about the offseason departures of Max Strus and Gabe Vincent. “We have to find that new connectivity and chemistry with the new guys,” Martin said. “But I feel like we got the right type of guys who fit that system and that shouldn’t be hard. It seems like everybody is about winning. You know what it is when you come to play for the Heat. So you just gotta jump in line with the culture. I feel like we got the right guys to do that.”
  • In a pair of articles for The Sun Sentinel, Ira Winderman evaluates the Heat’s depth chart at small forward and power forward. As Winderman observes, one starting lineup decision on tap for Miami will be whether to try Martin as a starter at the four again or stick with a more traditional power forward like Kevin Love.
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Plenty For Fans To Get Excited About

September 24th, 2023 at 7:14pm CST by Dana Gauruder
  • There’s plenty for the much improved Thunder to look forward to in the upcoming season, according to Joe Mussatto of The Oklahoman, who lists 23 things for fans to get excited about. At the top of the list is Chet Holmgren‘s debut after missing last season with a foot injury.
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Pre-Camp Roster Snapshot: Northwest Division

September 24th, 2023 at 8:40am CST by Luke Adams

Hoops Rumors has spent the last week taking a closer look at each NBA team’s current roster situation, evaluating which clubs still have some moves to make and which ones seem most prepared for training camp to begin.

This series is meant to provide a snapshot of each team’s roster right now, so these articles won’t be updated in the coming weeks as more signings, trades, and cuts are made. You can follow our roster counts page to keep tabs on teams’ open spots as opening night nears.

We’re wrapping up our pre-camp Roster Snapshot series today with the Northwest Division. Let’s dive in…

Denver Nuggets

The Nuggets, whose last signing came on August 3, apparently wanted to wrap up their offseason activity early. They’ve been carrying a full 21-man roster since then, including a group of 15 players on guaranteed contracts and three on two-way deals that appears pretty regular-season-ready.

The one question is whether Denver will hang onto Cancar, who tore his ACL this summer and may miss the entire 2023/24 season. I wouldn’t expect the Nuggets to make a final decision on him until later in the season, when they have a better sense of whether or not they need to use that 15th roster spot on a healthy player. Cancar’s contract includes a $2.35MM team option for 2024/25, so he could still provide value before he eventually reaches free agency.

Minnesota Timberwolves

Squeezing in one more player below the luxury tax line is technically a possibility for the Timberwolves, but it’d be a tight fit, and the team has to account for $1.5MM in unlikely incentives in Conley’s contract. I’d expect Minnesota – whose roster is pretty deep already – to be satisfied carrying 14 players into opening night.

That would leave the final two-way slot as the biggest preseason roster issue to resolve. Nix and Krejci both have multiple seasons of NBA experience under their belts but remain eligible for a two-way deal, so they could be viable options for that spot — especially if the Wolves are seeking a player who could step in and contribute right away if needed. However, Matt Ryan, who still has a two-way qualifying offer on the table, figures to get first dibs.

Oklahoma City Thunder

The Thunder’s regular season roster decision won’t be as easy as waiving their players without fully guaranteed contracts, since Joe and Wiggins were solid rotation players last season and White was an offseason signee who has a partial guarantee.

I expect Oklahoma City to trade or waive at least two players with fully guaranteed salaries — Bertans, Mann, Oladipo, and Robinson-Earl are among those whose spots may not be locked in.

Portland Trail Blazers

The Trail Blazers’ roster situation remains very much in flux, with Lillard still on the trade block and Nurkic another prime candidate to be moved before the season begins.

Until the Lillard situation is resolved – either with a trade or with a decision that he won’t be moved before opening night – it’s hard to say what moves might be needed in Portland. A Lillard deal would likely see the Blazers take back more players than they send out, in which case additional free agent additions probably wouldn’t be necessary.

Utah Jazz

With just 12 players on fully guaranteed salaries, the Jazz have some flexibility, but I’d be surprised if they don’t simply start the season with Yurtseven, Samanic, and Dunn filling out the standard 15-man roster.

Yurtseven was an offseason signee, Dunn figures to be in the mix for the starting point guard job, and if the Jazz didn’t want to keep Samanic, they could’ve simply cut him before he received that $400K partial guarantee earlier this summer.

Previously:

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Thunder’s Pokusevski Sprains Ankle, Will Be Reevaluated In Six Weeks

September 20th, 2023 at 2:35pm CST by Luke Adams

Thunder forward/center Aleksej Pokusevski is expected to miss training camp, the preseason, and the start of the regular season after spraining his right ankle during a workout on Tuesday.

According to an announcement from the team, Pokusevski will be reevaluated in approximately six weeks. That means he likely won’t suit up for Oklahoma City before November.

It’s a tough break for the 21-year-old, who is entering an important year. He’s eligible to sign a rookie scale extension up until the day before the regular season begins and would be on an expiring contract if he doesn’t get a new deal prior to opening night. In that scenario, the Thunder would have the ability to make him a restricted free agent in 2024.

The No. 17 overall pick in the 2020 draft, Pokusevski has flashed tantalizing upside in his first three NBA seasons and posted a career-best .365 3PT% last season. However, he has been snake-bitten by injuries as of late. He was limited to just 34 games (25 starts) in 2022/23 due largely to a leg fracture that sidelined him for about three months, then broke his arm during a workout in the spring.

With Chet Holmgren poised to enter the rotation this fall and Pokusevksi off to a late start due to his ankle injury, it’s unclear what the Serbian’s role might look like once he gets healthy.

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Damian Lillard Roundup: Heat, Thunder, Herro, More

September 19th, 2023 at 9:15am CST by Luke Adams

The Trail Blazers and Heat remain at a standoff in the Damian Lillard trade talks, with the two sides unable to bridge the gap between what Portland expects to receive for its star guard and what Miami is willing to give up, ESPN’s Brian Windhorst said on the latest Hoop Collective podcast (YouTube link).

“What the Blazers want – if they’re dealing with one team, if it is Miami or nothing – they want what the Nets got from the Suns (for Kevin Durant),” Windhorst said.

The Nets acquired four unprotected first-round picks along with Mikal Bridges, Cameron Johnson, a first-round pick swap, and two second-rounders in the four-team deal that sent Durant and T.J. Warren to Phoenix at the February deadline. When ESPN’s Tim Bontemps interrupted to say that the Blazers simply aren’t going to get a Durant-esque package for Lillard, Windhorst continued:

“I understand that. And a year ago right now, the Nets weren’t getting it from the Suns, whatever initial talks that they had. But the concept is that (the Blazers) want the Heat to literally scrounge into every nook and cranny and produce everything they possibly can. And the Heat don’t feel the need to do that, and they haven’t since June.”

As Windhorst observes, the Suns only became more willing to make the sort of massive offer the Nets wanted for Durant following the franchise’s change in ownership. Obviously, the Blazers can’t count on their talks with Miami getting that sort of push.

Here’s more on Lillard:

  • Appearing on Back on Figg (YouTube link), Lillard spoke about his desire to win a championship and hinted that Portland’s lack of urgency to contend for a title is the reason why he wants to be traded. “(It’s) like me and you saying, ‘No matter what happens, we ain’t telling on each other,'” Lillard said (hat tip to RealGM). “… And then a day comes where I’m still playing by those same rules. Like, ‘Me and you want the same thing, we’re gonna go out together.’ And then that ain’t the code you want to live by no more. So, when that happens, me and you can’t be how we was. … If me and you don’t want the same thing no more and you show me that you don’t want the same thing, we don’t want the same thing.”
  • Asked during an appearance on the It Is What It Is podcast (Twitter video link) whether he wants to be a Trail Blazer this season, Lillard replied, “In a perfect world, I could spend my entire career in Portland.” Again, it sounds like the implication there is that he’d be comfortable remaining with the Blazers if they were more aggressively building a win-now roster.
  • During an NBA Today segment on Lillard (YouTube link), ESPN’s Marc Spears suggested there might be a mystery Eastern Conference team interested in making a play for the star guard. “Would Boston do it?” Spears said when discussing possible suitors besides Miami. “I’m kind of hearing rumors about another Eastern Conference team that I’m not going to throw out there just yet.”
  • Chris Mannix of SI.com said on The Crossover NBA podcast that he believes the Thunder could enter the Lillard sweepstakes if Dame is still a Blazer in January and Oklahoma City is overachieving. “If they’re playing really well, don’t be surprised if they go out and make a run at Lillard,” Mannix said, per Ross Lovelace of SI.com.
  • Ira Winderman of The South Florida Sun Sentinel (subscriber link) questions the Trail Blazers’ apparent aversion to acquiring Heat guard Tyler Herro in a trade for Lillard, arguing that Herro has accomplished more in his career than Anfernee Simons and might immediately become the best player on Portland’s roster.
  • In a separate article for the Sun Sentinel, Winderman notes that if the Heat are able to land Lillard, they’d have three players – Lillard, Jimmy Butler, and Bam Adebayo – impacted by the NBA’s new player participation policy. Chicago, Cleveland, Golden State, Milwaukee, Minnesota, and Phoenix are currently the only teams with more than two players affected.
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Super-Max Candidates To Watch In 2023/24

September 14th, 2023 at 7:30am CST by Luke Adams

Note: This is an updated version of an article that was sent exclusively to our Trade Rumors Front Office subscribers in June. Click here for more information on Trade Rumors Front Office.

The NBA’s Designated Veteran rule, as we explain in our glossary entry on the subject, allows players to qualify for a maximum salary worth 35% of the cap before they gain the required NBA service time.

Typically, a player is ineligible to receive a maximum contract that starts at 35% of the cap until he has at least 10 years of experience, but the Designated Veteran rule gives a player with between seven and nine years of experience the opportunity to do so if he meets certain performance criteria. This has become colloquially known as signing a “super-max” deal.

The performance criteria are as follows (only one of the following must be true):

  • The player was named to an All-NBA team and/or was named the NBA Defensive Player of the Year in the most recent season, or in two of the last three seasons.
  • The player was named the NBA MVP in any of the three most recent seasons.

Since the NBA introduced the concept of the Designated Veteran contract in 2017, 12 players have signed them across seven offseasons. Celtics wing Jaylen Brown became the latest player to join that group this summer when he signed a five-year super-max deal that could become the NBA’s first $300MM contract.

Brown will be the only player who signs such a contract this offseason, but it’s worth taking a peek down the road to see which players are the best candidates to join the list of super-max recipients in 2024 and 2025.

We can start by penciling in another Celtic, Jayson Tatum, for 2024. Although he doesn’t yet have enough years of NBA service to sign a Designated Veteran extension, Tatum met the performance criteria in the spring by earning his second consecutive All-NBA berth.

That means that even if he doesn’t make an All-NBA team in 2024, he’ll have received an All-NBA nod in two of the previous three seasons when he meets the service time criteria next summer, making him super-max eligible. It seems likely the Celtics will offer him a Designated Veteran extension at that time.

Here are some other candidates to watch during the 2023/24 season:

2024

Because a player become ineligible for a Designated Veteran extension if he’s traded after his first four years in the NBA, prime candidates like Donovan Mitchell and Domantas Sabonis won’t be able to qualify. Still, there’s an intriguing group of candidates in play for next summer.

Ingram, Murray, and Siakam, members of the 2016 draft class, would have become super-max eligible if they had made an All-NBA team this year. They’ll get another chance in 2024.

Ingram averaged a career-best 24.7 points and 5.8 assists per night in 2022/23, but injuries limited him to just 45 games. While he’s not one of the best 15 players in the NBA, it’s not impossible to imagine the 26-year-old earning an All-NBA spot if he stays healthy and helps lead the Pelicans to a top-four seed in the West. He’s probably a long shot, but we can’t rule him out entirely.

Murray was making his way back from an ACL tear last season, which meant he was subject to load management and wasn’t necessarily at his best from day one. But his postseason performance – 26.1 points per game on .473/.396/.926 shooting en route to a championship – served as a reminder that he has All-NBA upside.

Siakam made the All-NBA Second Team in 2020 and the Third Team in 2022 and received some votes in 2023. However, he still needs one more All-NBA nod in 2024 to become eligible for a Designated Veteran deal. He’ll be a candidate to watch as long as he remains in Toronto for the 2023/24 season. A trade – which would make him ineligible – still looms as a possibility.

Adebayo and Fox are 2017 draftees with just six years of NBA experience, which means that Fox didn’t meet the Designated Veteran performance criteria by earning All-NBA honors in May — he’ll need to do it again in 2024 to qualify for a super-max deal. His performance this past year showed that he’s capable of it.

Adebayo’s path to an All-NBA berth is complicated by the fact that the All-NBA teams will become positionless beginning in 2024. That means voters won’t necessarily have to choose three centers, which may reduce his odds of making the cut.

Still, the field of All-NBA candidates may be more wide open than usual in 2024, since the league is also requiring players to appear in at least 65 games in order to be eligible for one of the 15 spots. That means a player who misses a few weeks with an injury might be out of the running. If Ingram, Murray, Siakam, Fox, and Abebayo can stay healthy and play at least 65 times, their All-NBA odds will increase.

It’s worth noting too that being named Defensive Player of the Year is another way to qualify for a super-max. Adebayo has finished in the top five in voting for that award in each of the last four seasons and is a legitimate candidate to win it at some point.

2025

Doncic, Gilgeous-Alexander, and Jackson were drafted in 2018 and have just five years of NBA experience, so they’re still two years away from having the service time required for a Designated Veteran contract — none of them would be able to sign a super-max extension until 2025. However, they all have an opportunity to meet the performance criteria in 2024.

Doncic and Gilgeous-Alexander made up the All-NBA First Team backcourt in 2023, so if they make an All-NBA team again next year, they’ll have done so in at least two of the three years leading up to the 2025 offseason.

As for Jackson, he missed out on All-NBA honors in 2023, but was the league’s Defensive Player of the Year. It’s a tall order, but if he can win a second DPOY award in either of the next two seasons, he’ll make himself eligible to sign a super-max contract in 2025.

The rookie scale extension recipients

Ball, Edwards, and Haliburton have all signed five-year, maximum-salary rookie scale extensions this offseason that project to start at 25% of the 2024/25 cap. If we assume the cap will rise by the maximum allowable 10%, those deals would be worth just shy of $217MM.

However, all three extensions include Rose Rule language. This is another form of the super-max — we can call it the “mini” super-max, paradoxical as that may sound. Unlike a player who signs a Designated Veteran contract, which starts at 35% of the cap instead of 30%, a player who meets the Rose Rule criteria can receive a starting salary worth 30% of the cap rather than 25%.

The performance criteria for a Rose Rule salary increase are essentially the exact same as for a Designated Veteran bump, but must be achieved by the end of the player’s four-year rookie contract. That means Ball, Edwards, and Haliburton would have to make the All-NBA team in 2024 in order to increase the projected value of their respective extensions to $260MM over five years — an All-NBA berth in 2025 or 2026 would be too late.

Each of these three players has an All-Star berth under his belt, so making the leap to All-NBA certainly isn’t inconceivable. Edwards may be the best bet of the three to qualify for the mini super-max, but if Ball and Haliburton can lead their teams to playoff spots, they’d certainly have a case.

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Teams Limited To Minimum Salary Contract Offers

September 13th, 2023 at 4:01pm CST by Luke Adams

There won’t be many free agents who sign for more than the veteran’s minimum between now and the end of the NBA’s regular season. The majority of the players whose markets exceeded the minimum came off the board pretty quickly in July, and teams aren’t looking to spend big on the players who are still available.

Still, that doesn’t mean every signing for the next seven months will be of the minimum-salary variety. In certain cases – especially on the buyout market in February – being able to offer a couple million dollars more than the minimum could be the difference between a team landing a free agent and missing out on him.

With that in mind, it’s worth checking in on which teams don’t currently have the ability to offer more than the minimum. By our count, about a third of the NBA is in this boat, though some of those clubs could generate some spending flexibility by making cost-cutting trades.

Here’s a breakdown of the teams currently limited to minimum-salary contract offers for free agents:

Teams above the second tax apron:

  • Golden State Warriors
  • Los Angeles Clippers
  • Miami Heat
  • Phoenix Suns

Beginning this offseason, the NBA added a second tax “apron” and introduced new restrictions for the teams whose salaries exceed that apron. In 2023/24, the second apron is set at $182,794,000 ($17.5MM above the tax line) — it will increase along with the cap in future years.

In addition to being prohibited from using the standard mid-level exception and the bi-annual exception, teams whose salaries are above the second apron aren’t permitted to make use of the taxpayer mid-level exception, which is worth $5MM. The Warriors, Clippers, Heat, and Suns all fall into that group and therefore don’t have any cap exceptions available to use on free agents besides the minimum exception.

Teams very close to the second tax apron:

  • Boston Celtics
  • Milwaukee Bucks

The Celtics and Bucks may be able to start the season with team salaries below the second apron, but from a practical standpoint, it will be extremely difficult for them to make use of the taxpayer mid-level exception, which would hard-cap them at that second apron.

Milwaukee, in particular, has several contract bonuses to account for and would find its team salary well above the second tax apron if certain players earn those unlikely incentives. Boston has slightly more cap flexibility, but will still almost certainly be limited to minimum-salary offers for the rest of 2023/24, barring a cost-cutting move.

Over-the-cap teams that have used all their cap exceptions:

  • Denver Nuggets
  • Oklahoma City Thunder
  • Toronto Raptors

The Nuggets are the only team this season to use the taxpayer mid-level exception. It’s the lone cap exception available to them in free agency, since their team salary is above the first apron, so they can’t offer more than the minimum to free agents.

The Thunder, meanwhile, used their entire room exception, while the Raptors used their non-taxpayer mid-level exception and bi-annual exception. Both teams are now over the cap and only have the minimum salary exception left to sign a free agent outright (a sign-and-trade remains possible, but is unlikely at this stage of the offseason).

Over-the-cap teams whose remaining exception money is less than the two-year veteran’s minimum:

  • Los Angeles Lakers
  • Sacramento Kings

The Lakers have $1,905,000 remaining on their non-taxpayer mid-level exception, while the Kings have $1,381,536 left on their room exception. Both figures fall short of the full-season minimum salary for a two-year veteran ($2,019,706), so neither club could offer more than the minimum to a veteran free agent at this time.

However, that leftover exception money isn’t useless. Los Angeles and Sacramento could each offer more than the minimum to a rookie free agent, for instance. And their remaining exception money won’t begin prorating downward until after the trade deadline. So if L.A. wants to sign a veteran free agent in December, it could use its MLE to offer more than the player’s prorated minimum salary at that point.

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Thunder Close To Securing New Arena

September 12th, 2023 at 6:31pm CST by Dana Gauruder

The Thunder are close to getting a new home.

A plan has been finalized to construct a new downtown arena that will keep them in Oklahoma City until at least 2050, according to an Oklahoma City government press release. The city and the Thunder plan to open the arena for the 2029/2030 NBA season, if not sooner.

The plan for the new arena and the commitment from the Thunder is conditional on passage by Oklahoma City voters on December 12 of a temporary one-cent sales tax. A simple majority of Oklahoma City’s city council is required to call for the December 12 vote, and a simple majority of voters is required for passage.

The Thunder’s current arena, Paycom Center, is the smallest in the NBA by square footage and it has the second-smallest capital investment of all NBA arenas. The project cost for the new arena will be a minimum of $900MM.

The franchise’s owner will make a $50MM contribution for the publicly owned arena. All three of Oklahoma City’s previous downtown arenas have been paid for entirely by taxpayers.

“Perhaps the most important aspect of the deal is the length – this is twice the commitment we received in 2008 and will keep the Thunder here beyond 2050,” mayor David Holt said. “My children will be my age when this agreement ends.”

The Thunder will continue playing at Paycom Center while the new arena is designed and constructed. The Thunder have committed to play their home games in OKC for 25 years in the new arena, provided the voters approve the funding for a new arena and related legal documents are completed.

The current arena opened in 2002.

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