JULY 11TH: The Thunder have officially signed Thabeet, according to a team release.
JULY 4TH: The Oklahoma City Thunder have agreed to sign center Hasheem Thabeet to a two-year deal, according to Marc J. Spears of Yahoo! Sports (via Twitter). According to Darnell Mayberry of the Oklahoman, the contract is fully guaranteed for both seasons.
Thabeet was coming off the third year of his rookie contract, but had his fourth-year option declined, making him an unrestricted free agent this summer. While the 7'3" center has yet to deliver on the potential that made him a second overall pick in 2009, he's still just 25, and won't be asked to play a major role in Oklahoma City.
In 135 career games for the Grizzlies, Rockets, and Trail Blazers, Thabeet has averaged 2.2 PPG, 2.7 RPG, and 0.9 BPG in 10.3 minutes per contest. Since the Thunder have over $62MM in guaranteed salary already on their books for 2012/13, Thabeet is eligible to sign for the mid-level exception, the bi-annual exception, or the veteran's minimum — the latter is most likely.
Luke Adams contributed to this post.