Oklahoma City Thunder Rumors | Hoops Rumors

Contract Details: Fernando, Herro, Nance, Adams

October 4th, 2022 at 7:46am CST by Luke Adams

The Rockets used a portion of their mid-level exception to give Bruno Fernando a four-year deal and a guaranteed salary of $2,717,391 for the 2022/23 season, Hoops Rumors has confirmed. Fernando’s salary will dip to $2,581,522 for 2023/24 before rising back up to $2,717,391 for ’24/25 and increasing to $2,853,260 for ’25/26. As Michael Scotto of HoopsHype tweets, the second and third years of Fernando’s deal are non-guaranteed, while the fourth year is a team option.

Here are some details on a few more new contracts from around the NBA:

Tyler Herro‘s four-year extension with the Heat will pay him annual salaries of $27MM, $29MM, $31MM, and $33MM beginning in 2023/24, for a base value of exactly $120MM, tweets ESPN’s Bobby Marks. The deal also includes $2.5MM in annual incentives that are currently considered unlikely.
Larry Nance Jr.‘s two-year extension with the Pelicans will pay him $10,375,000 in 2023/24 and $11,205,000 in ’24/25, tweets Anil Gogna of NoTradeClause.com. Because Nance’s second-year raise exceeds 5%, he’ll be ineligible to be traded during the 2022/23 season.
Steven Adams‘ two-year extension with the Grizzlies features a flat base salary of $12.6MM in both 2023/24 and ’24/25, with no options or incentives, Hoops Rumors has confirmed. Adams’ new deal doesn’t exceed the extend-and-trade limits, so he’ll remain trade-eligible this season.
As expected, the recent contracts signed by Kaiser Gates (Nets), Brandon Rachal (Nets), and Sacha Killeya-Jones (Thunder) all included Exhibit 10 language.

Thunder Sign Sacha Killeya-Jones To Exhibit 10 Deal

October 2nd, 2022 at 12:41pm CST by Dana Gauruder

OCTOBER 2: The Thunder have officially announced the signing of Killeya-Jones (Twitter link).

JULY 26: The Thunder have agreed to an Exhibit 10 deal with Sacha Killeya-Jones, Michael Scotto of HoopsHype tweets.

The 6’11” big man played six games with the Lakers’ Summer League team, averaging 6.8 PPG and 5.0 RPG in 19.1 MPG.

Killeya-Jones went undrafted in 2020 after passing through three major colleges, including a 14-game stint with Kentucky. He played for Hapoel Gilboa Galil of the Israeli Premier League last season and also suited up for Great Britain at FIBA EuroBasket 2022 qualifiers.

The addition of Killeya-Jones adds to Oklahoma City’s overload of players. As our roster counts page shows, the Thunder already have 19 players under contract and have reportedly reached agreements with four more. Some of their Exhibit 10 signees may end up being quickly waived in order to make room for others.

Killeya-Jones will likely be cut before the regular season begins and could subsequently join the Thunder’s G League team, the Oklahoma City Blue, as an affiliate player. In that scenario, he’d receive a bonus worth up to $50K if he spends at least 60 days with the Blue.

Thunder Waive Sterling Brown

October 2nd, 2022 at 11:55am CST by Arthur Hill

The Thunder have waived Sterling Brown, who was acquired from the Rockets Friday in an eight-player trade, the team announced (via Twitter).

The 27-year-old shooting guard spent last season with the Mavericks, averaging 3.3 points and 3.0 rebounds in 49 games while playing 12.8 minutes per night. He was dealt to Houston in June as part 0f the package for Christian Wood.

A second-round pick in 2017, Brown spent his first three NBA seasons in Milwaukee and then one with the Rockets before signing with Dallas last summer. His $3MM contract for the upcoming season is fully guaranteed, so Oklahoma City will be on the hook for that if no one claims him off waivers.

The move brings the Thunder’s roster down to 19 players, so they will have room to add someone else before the cutdown date. The team now has 17 players on guaranteed standard contracts, a number which will need to be reduced to 15 before opening night.

Holmgren Learning The Ropes While Recovering

September 30th, 2022 at 10:12pm CST by Rory Maher

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.”

Sent Out Maximum Allowed Cash To Generate Two Trade Exceptions

September 30th, 2022 at 8:43pm CST by Rory Maher

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.

Thunder, Rockets Complete Eight-Player Trade

September 30th, 2022 at 6:05pm CST by Alex Kirschenbaum

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.

Atlantic Notes: Raptors, SGA, Porter, Sixers, Hartenstein

September 28th, 2022 at 8:08am CST by Luke Adams

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.

Thunder Trade Vit Krejci To Hawks For Maurice Harkless, Pick

September 27th, 2022 at 9:02pm CST by Dana Gauruder

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.

SGA Expects Winning Team Soon

September 26th, 2022 at 9:12pm CST by Dana Gauruder

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.”

Ty Jerome Not Participating In Camp With Thunder

September 26th, 2022 at 11:19am CST by Luke Adams

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.