Update: The Thunder paid more than initially reported.
Bobby Marks of ESPN:
Basically, Oklahoma City will pay either $1,017,075 for Utah’s 2028 second-rounder (cheap, though not ridiculously cheap) or $127,075 for absolutely nothing (significantly less likely but possible).
It’ll be interesting to see how this turns out.
In six years.
Sam Presti’s latest deal is a work of art.
Oklahoma City is getting a second-round pick from the Jazz for taking Miye Oni – who’s on an unguaranteed minimum contract.
Adrian Wojnarowski of ESPN:
This reduces Utah’s luxury-tax liability by $2,408,394 more than waiving Oni today would’ve.
Though Oni’s contract is unguaranteed until Friday (the league-wide deadline), Utah would’ve been taxed on money already paid to Oni if waiving him. By trading him, the Jazz completely remove his salary from their books (though they’ll probably eat into their savings by acquiring another player).
For the Thunder, this will cost just $17,075 (Oni’s salary for today plus the two days he spends on waivers).
That’s astonishingly cheap for a second-round pick. Who knows where Utah will be in 2028? Even if the pick lands last in the draft, that’s an incredible bargain.
Well below the salary cap, Oklahoma City faces practically no opportunity cost for absorbing Oni’s small cap hit. Gabriel Deck‘s contract is unguaranteed. So, there’s no additional cost in waiving him.
This is just the Thunder expertly taking advantage of their leverage.
More on the Thunder
With 11 postponed games rescheduled and another 10 shifted, NBA believes… Three Things to Know: Break up Celtics? Trade Jaylen Brown? He drops 50 on… Watch Thunder’s Josh Giddey become youngest in NBA history to get triple-double