- This year’s No. 2 overall pick, Chet Holmgren, will miss the entire season for the Thunder with a foot injury, but he’s still learning about the NBA while recovering, according to Cliff Brunt of The Associated Press. “What I’m trying to do right now is just kind of soak up all the knowledge of how things are done around here, how they’re going to be done going forward,” Holmgren said. “So when I’m ready to get get back in there, I can just kind of seamlessly plug myself in.”
- In the recently completed eight-player trade that saw Derrick Favors head to Houston, the Rockets received a staggering $6,363,000 in cash from Oklahoma City, per Eric Pincus of Bleacher Report (Twitter links). That’s the maximum amount of cash a team can send in a trade in 2022/23. The Thunder, meanwhile, generated two traded player exceptions worth $10.18MM (Favors) and $4.22MM (Ty Jerome), Pincus adds.
SEPTEMBER 30: Both teams have announced that the trade is now official. However, the terms of the deal are slightly different than was previously reported.
Instead of Atlanta’s protected 2025 second-round pick, the Rockets will receive a 2026 second-rounder from Oklahoma City. That pick will be the second-most favorable of the Thunder’s, Mavericks’, and Sixers’ 2026 second-round picks. Houston is also receiving cash considerations in the deal.
SEPTEMBER 29, 9:15pm: The Rockets intend to waive Jerome, according to Jonathan Feigen of The Houston Chronicle. Feigen adds that Favors and Maledon are considered the most likely among Houston’s new additions to claim spots on the 15-man regular season roster.
SEPTEMBER 29, 8:13pm: The Thunder have agreed to send center/power forward Derrick Favors, shooting guard Ty Jerome, forward Maurice Harkless, point guard Theo Maledon and the Hawks’ 2025 second-round draft pick (top-40 protected) to the Rockets in exchange for athletic swingman David Nwaba, wing Sterling Brown, point guard Trey Burke and power forward Marquese Chriss, reports Adrian Wojnarowski of ESPN.
As Wojnarowski observes, Oklahoma City will create two trade exceptions in the deal. In pure salary terms, the exchange will help the Thunder get $10MM under the league’s punitive luxury tax cap threshold. Wojnarowski notes that Favors in particular is tradable among the returning players arriving in Houston, as a solid backup big man on an expiring $10.2MM salary.
The 6’9″ Favors, 31, spent most of the last decade as a key role player with several good playoff-bound Jazz teams. Last year with the Thunder, he appeared in just 39 games, averaging 5.3 PPG on 51.6% shooting, plus 4.7 RPG, across 16.7 MPG.
Jerome and Maledon are both young players on modest contracts with remaining potential upside. Harkless, like Favors, is a veteran on an expiring deal.
On the Rockets’ side of the transaction, Houston is acquiring a future second-round draft pick in exchange for taking on some added salary, as Woj details.
According to Kelly Iko of The Athletic (via Twitter) if that Hawks 2025 second-rounder lands in the top 40 and is protected, Houston will instead receive the second-best of the Thunder’s, Mavericks’, and Sixers’ 2026 second-round picks.
Given that No. 2 draft pick Chet Holmgren has been ruled out for the year with a Lisfranc injury in his right foot, and with the best player in this new trade being sent away from the team, it appears the Thunder are once again prioritizing a year of youthful development, as they look to the 2023 draft lottery to build out their impressive young roster.
Oklahoma City added four rookies in the 2022 draft, including two additional lottery picks beyond Holmgren. The Thunder have been in full-on rebuild mode since the end of the 2019/20 season, winning a total of 46 games over the last two years.
Houston has also been in the asset-collection and draft lottery-targeting phase of its journey since 2020. The team went 37-127 from 2020-22. This year, the Rockets drafted intriguing rookie power forward Jabari Smith with the third pick out of Auburn. They also made two other selections in the first round.
It appears unlikely that every player in this deal will be with their new clubs when the regular season opens. Bobby Marks of ESPN (via Twitter) notes that both teams will still have 18 guaranteed contracts on their books following this deal. Per league rules, they’ll each need to get down to 15 players by October 17.
The Raptors were repeatedly tied to big-name trade candidates this offseason, rumored to be possible suitors for Rudy Gobert, Donovan Mitchell, and Kevin Durant. Toronto ended up having a relatively quiet summer, making only minor tweaks to its roster, according to Josh Lewenberg of TSN.ca, who says the club is counting on internal growth from its own players, including Rookie of the Year Scottie Barnes.
Still, while the Raptors didn’t take a big swing in the last few months, that doesn’t mean they’re not willing to make a major trade at some point to move closer to title contention. A league source tells Lewenberg that one situation the Raptors are “closely monitoring” is in Oklahoma City, in case Thunder star and Toronto native Shai Gilgeous-Alexander eventually seeks a change of scenery.
The Thunder have only won a total of 46 games in the last two seasons and appear headed for another lottery finish in 2022/23, but there’s no indication Gilgeous-Alexander is seeking an exit ramp out of town. He said this week that he knew what he was getting into when he signed a five-year extension with OKC a year ago and that he doesn’t think the team will keep losing for much longer.
Here’s more from around the Atlantic:
- When he became a free agent and was weighing his options this summer, Otto Porter Jr. got in touch with forward Thaddeus Young to seek his opinion on Toronto, tweets Lewenberg. Young helped convince his former Bulls teammate to sign with the Raptors. “He’s one of my better friends in the league,” Young said. “He asked me questions and I said, ‘Come on through, sign the deal and let’s go.'”
- Head coach Doc Rivers is pleased with the moves the Sixers‘ front office made this offseason, telling reporters this week that the team addressed the holes it was hoping to fill. “We had a targeted summer, and we hit pretty much what we’re looking for,” Rivers said, per Gina Mizell of The Philadelphia Inquirer. “… We have to learn how to become a team first, and if we do that, I love who we are.”
- Center Isaiah Hartenstein explained on Tuesday that he signed with the Knicks as a free agent this summer because they made him feel “wanted” and because he believes his ability to shoot and make plays from the center position will add a new dimension to the team. “I felt like I can bring something that they didn’t have, to help them win,” Hartenstein said, according to Zach Braziller of The New York Post.
9:02pm: The trade is official, according to a Hawks press release. While also confirming the trade in their own press release, the Thunder provided more details regarding the picks involved.
The second-rounder headed to Oklahoma City is Atlanta’s 2029 pick. The Thunder will also receive amendments on the conditions of a previously traded 2025 second-round pick from the Hawks. The amended 2025 second-round pick will now be top-40 protected. Previously that pick was top-55 protected.
4:31pm: The Thunder are trading Vit Krejci to the Hawks in exchange for Maurice Harkless and a second-round pick, Shams Charania of The Athletic tweets.
After signing a multiyear contract ahead of the 2021/22 NBA season, Krejci appeared in 30 games in his first NBA season, averaging 6.2 PPG, 3.4 RPG and 1.9 APG. He posted shooting splits of .407/.327/.864.
An early 2020 second-round pick, Krejci underwent an arthroscopic knee procedure in April. His $1,563,518 salary for the coming season is only 50% guaranteed for now.
The 6’8” Krejci, who turned 22 in June, could work his way into a rotation spot with Atlanta. However, the deal is primarily a cost-cutting move for the Hawks. The team drops from $1.7MM over the luxury tax line to $1.3MM below it by swapping Harkless for Krejci, Yossi Gozlan of HoopsHype tweets.
The Hawks will also create a trade exception worth $4,564,980, the amount of Harkless’ outgoing salary.
Harkless, 29, has been in the league since the 2012/13 season. He spent last season with the Kings, appearing in 47 games (24 starts) while averaging 4.6 PPG and 2.4 RPG. He has also played for Orlando, Portland, the Los Angeles Clippers, New York and Miami. Overall, Harkless has appeared in 621 NBA games and averaged 6.9 PPG and 3.5 RPG in 22.6 MPG.
Harkless, who has an expiring contract, was traded from Sacramento to Atlanta in the Kevin Huerter deal earlier this offseason. It’s uncertain whether the Thunder plan to keep him or waive him.
Oklahoma City applied for a disabled player exception in late August worth $4.95MM in the wake of Chet Holmgren‘s season-ending injury. Harkless’ contract will slot into that exception, which was granted last week, ESPN’s Bobby Marks tweets. That allows the Thunder to complete the deal without matching salaries, since Krejci’s $1.56MM cap charge isn’t big enough to match Harkless’ $4.56MM salary.
- Shai Gilgeous-Alexander, who begins a five-year, $179.3MM extension this season, believes that the Thunder are ready to turn the corner, he told Andrew Schlecht of The Athletic. “I know what I signed up for when I signed a five-year extension… and I don’t think we’re going to be losing for much longer,” he said. “I believe in this team.”
Former first-round pick Ty Jerome won’t be taking part in training camp with the Thunder, according a team spokesperson (Twitter link via Royce Young).
The Thunder and Jerome’s representatives are said to be working collaboratively to determine next steps for the fourth-year guard, which suggests that his days in Oklahoma City may be numbered.
Jerome, who spent his rookie season in Phoenix, was traded to OKC in the Chris Paul blockbuster during the 2020 offseason and has appeared in 81 games (19.6 MPG) for the team over the last two seasons, averaging 8.6 PPG, 2.8 APG, and 2.1 RPG on .410/.353/.784 shooting. He’ll earn $4.22MM this season in the final year of his rookie contract.
Oklahoma City currently has 17 players on fully guaranteed salaries, plus Vit Krejci with a significant partial guarantee. That means three players on standard contracts will have to be traded or released before opening night next month. Based on today’s news, it sounds like Jerome is highly likely to be one of those three players.
Derrick Favors, Darius Bazley, Theo Maledon, and Krejci are among the other Thunder players whose roster spots for the regular season may not be locked in quite yet.
General manager Sam Presti said the Thunder came “pretty close” to signing Serbian star Vasilije Micic, writes Johnny Askounis of Eurohoops. Micic has won back-to-back EuroLeague titles and Final Four MVPs with Turkish club Anadolu Efes.
“He’s really taken off since the time in which we acquired his rights,” Presti said, referring to the trade in 2020 that sent Micic’s rights to Oklahoma City from Philadelphia. “All I can tell you is I thought we were pretty close at one time. He is on a contract, and he’s committed over there. But I wouldn’t rule anything out. It’s probably a year-to-year thing.”
Micic’s representatives were rumored to be pushing the Thunder to trade his rights, with several teams said to be interested in his services. However, he was still under contract in Europe and ultimately decided to stay with Efes for another season.
Here’s more from the Northwest:
- The Thunder recently announced some changes to their coaching staff for the 2022/23 season. In addition to formalizing an agreement with longtime Spurs assistant Chip Engelland, the Thunder have also named Grant Gibbs an assistant coach. Gibbs has been the head coach of the Oklahoma City Blue, the team’s G League affiliate, for the past three seasons, and will be replaced by Kameron Woods, who was an assistant with the Thunder last season.
- The Trail Blazers need Jerami Grant to improve upon his Pistons play if they hope to contend this season, according to Aaron Fentress of The Oregonian, who writes that Grant should see a bump in offensive efficiency playing on a more talented roster. The Blazers are interested in reaching a long-term extension with Grant, whose $20.96MM contract expires after ’22/23, Fentress adds.
- Justin Tillman is not on the Nuggets‘ training camp roster but is still expected to play for their G League affiliate, the Grand Rapids Gold, our JD Shaw reports (via Twitter). Tillman, who is still signed to an Exhibit 10 deal, will likely be waived and replaced by another Exhibit 10 player within the next few days, per Harrison Wind of DNVR Sports (Twitter link). Tillman spent last season in the G League with the College Park Skyhawks, Atlanta’s affiliate.
Versatile role player Bruce Brown is getting comfortable ahead of his first season with the Nuggets, writes Ethan Fuller of Basketball News. The swingman signed a two-year, $13.2MM deal with Denver as a free agent this summer.
“[Knowing my role] was huge, because you don’t want to go to a team where it just won’t work, right?” Brown told Fuller. “So I knew coming to Denver — the way they play, it’s a lot of cuts, slips [and] corner threes. And then, they got a lot of guys who know how to play the game of basketball, so the game would be a lot easier.”
Brown hopes to thrive alongside 2021 and 2022 MVP Nikola Jokic, one of the game’s best passers.
“I feel like I’m one of the best cutters in the league,” Brown said. “So I can find open spots. make the game easier for him, knock down corner threes [and] just take some pressure off.”
There’s more out of the Northwest Division:
- The assistant coaches under newly-named Grand Rapids Gold head coach Andre Miller have been announced, per a Nuggets press statement. Denver’s G League affiliate has upgraded Nate Babcock, an assistant coach under Jason Terry in 2021/22, to the role of associate head coach. The team is also adding two new assistants, Jeff Trepagnier and James Fraschilla, to its bench.
- In a new Timberwolves reader mailbag, Jon Krawczynski of The Athletic discusses Minnesota’s jumbo-sized All-Star frontcourt tandem of Karl-Anthony Towns and Rudy Gobert, the health of Anthony Edwards‘s knee, head coach Chris Finch, and more.
- Head of basketball operations Sam Presti addressed a variety of hot Thunder topics during a preseason press conference on Thursday, writes Joe Mussatto of the Oklahoman. Presti spoke about the timeline for star guard Shai Gilgeous-Alexander as he recovers from a left MCL sprain, the team’s decision to sign swingman Luguentz Dort to a lucrative contract extension this summer, his thoughts on draft-and-stash guard Vasilije Micic, and more.
Thunder guard Shai Gilgeous-Alexander won’t be available for the start of training camp and the preseason, the team announced today.
According to the Thunder, Gilgeous-Alexander has been diagnosed with a Grade 2 MCL sprain in his left knee and will be reevaluated in two weeks. Oklahoma City’s preseason schedule will tip off in 12 days.
Gilgeous-Alexander, 24, has been the Thunder’s leading scorer over the last two seasons, averaging 23.7 points per game in 2020/21 and 24.5 PPG in ’21/22. However, he has missed 63 games due to injuries over those two years and is now battling another health issue this fall. A right ankle ailment ended Gilgeous-Alexander’s season early in the spring.
Given that the Thunder have been firmly in rebuilding mode since 2020, it’s fair to wonder if the team is being overly cautious when it comes to Gilgeous-Alexander’s injuries and whether he would’ve played in more than 91 games over the last two seasons if the club was vying for a playoff spot. Still, with 2022/23 expected to be another lottery-bound year in Oklahoma City, it seems safe to assume that cautious approach will continue.