Thunder Sign Cameron Brown, Waive Erik Reynolds
The Thunder have signed free agent forward Cameron Brown, the team announced today. Guard Erik Reynolds, who was signed on Wednesday, has been waived to create room on the roster for the newcomer.
A 6’6″ wing who played his college ball at Saint Joseph’s from 2019-24, Brown went undrafted a year ago and spent the 2024/25 season with the Oklahoma City Blue in the G League. In 43 total outings for the Thunder’s NBAGL affiliate, he averaged 7.4 points, 3.9 rebounds, and 1.3 assists in 22.6 minutes per game and posted a .397/.339/.633 shooting line.
Although Brown’s numbers were modest, the Thunder saw enough to want to keep him in the organization. The plan is likely to waive him at some point in the next couple days and have him rejoin the Blue in the coming weeks.
Players who sign Exhibit 10 contracts can earn bonuses worth up to $85,300 if they spend at least 60 days with their team’s NBAGL affiliate. However, it’s possible Brown’s bonus will come in below that maximum, given his relatively modest role at the G League level.
Reynolds, after being signed and waived by the Thunder, is also on track to be part of the Blue’s roster this fall.
Warriors, Lakers Top 2025 NBA Franchise Valuations
The Warriors are still the NBA’s most valuable team, according to Kurt Badenhausen of Sportico, who unveiled the website’s updated NBA franchise valuations for 2025 on Thursday.
Badenhausen projects the Warriors’ value at $11.33 billion, which represents an incredible 24% increase from last year’s $9.14 billion valuation. The NFL’s Dallas Cowboys, at $12.8 billion, continue to be the only global sports franchise whose valuation comes in higher than Golden State’s, according to Sportico’s projections.
As Badenhausen outlines, the Warriors lead the NBA in revenue by a significant margin, having generated an estimated $833MM last season. Golden State makes more than $5MM per game in ticket revenue, along with $2.5MM from luxury suites; the club also has a $45MM per year jersey patch deal with Rakuten, earns almost double what any other team makes in sponsorship revenue, and is one of the few teams to fully own and operate its arena, per Sportico.
After placing third a year ago, the Lakers have jumped to second place on Sportico’s 2025 list at $10 billion, based on Mark Walter‘s recent agreement to purchase the team at that valuation. The Lakers moved slightly ahead of the third-place Knicks, who come in at $9.85 billion.
Every team’s valuation has increased by at least 9% since last year, per Sportico, with the average value of an NBA franchise now at $5.51 billion (up 20% from 2024) and no team worth less than $4 billion.
The average valuation has more than doubled since 2022, when it was $2.58 billion. As Badenhausen writes, the NBA’s new $76 billion media rights deal and its global ambitions – including the possible creation of a league in Europe – have played a part in those gains.
Although the Warriors’ $833MM is something out of an outlier, NBA teams generated an average of approximately $408MM in revenue last season, according to Badenhausen, with the Grizzlies coming in last at $301MM. Memphis also ranks 30th on Sportico’s list of franchise values.
Despite placing at the bottom of this list, the Grizzlies actually had the most significant increase in their franchise valuation this past year, rising from $3.06 billion to $4 billion (31%). The Pelicans (30%), Timberwolves (29%), and Eastern Conference champion Pacers (27%) were the other biggest risers.
Of course, it’s worth noting that figures from Sportico or any other media outlet are just estimates and often don’t quite match up with the sale prices for franchises that change hands. But these projections are usually in the right ballpark and remain useful for getting a sense of the league’s most and least valuable teams.
Here’s Sportico’s full list of NBA franchise valuations for 2025:
- Golden State Warriors: $11.33 billion
- Los Angeles Lakers: $10 billion
- New York Knicks: $9.85 billion
- Los Angeles Clippers: $6.72 billion
- Boston Celtics: $6.35 billion
- Brooklyn Nets: $6.22 billion
- Chicago Bulls: $6.12 billion
- Miami Heat: $6.03 billion
- Philadelphia 76ers: $5.61 billion
- Houston Rockets: $5.53 billion
- Dallas Mavericks: $5.24 billion
- Toronto Raptors: $5.22 billion
- Phoenix Suns: $5.09 billion
- Atlanta Hawks: $5.02 billion
- Sacramento Kings: $5 billion
- Cleveland Cavaliers: $4.86 billion
- Denver Nuggets: $4.8 billion
- Washington Wizards: $4.78 billion
- Indiana Pacers: $4.76 billion
- Milwaukee Bucks: $4.54 billion
- San Antonio Spurs: $4.5 billion
- Oklahoma City Thunder: $4.34 billion
- Utah Jazz: $4.27 billion
- Portland Trail Blazers: $4.25 billion
- Minnesota Timberwolves: $4.24 billion
- Orlando Magic: $4.21 billion
- Detroit Pistons: $4.17 billion
- Charlotte Hornets: $4.13 billion
- New Orleans Pelicans: $4.02 billion
- Memphis Grizzlies: $4 billion
As Badenhausen notes, Sportico’s projections are based on a control sale price, rather than limited stake purchases. Controlling shares in the Celtics, Lakers, and Trail Blazers all changed hands this past year, though only the Celtics sale has been formally approved by the NBA so far.
William Chisholm is buying the Celtics in two stages, with an initial valuation of $6.1 billion and a blended valuation of roughly $6.5 billion. Walter is purchasing the Lakers at a valuation of $10 billion, while Tom Dundon is buying the Blazers at a $4.25 billion valuation.
Thunder Sign Erik Reynolds, Cut Buddy Boeheim
The Thunder continue to churn players through their 21st roster spot ahead of the season, announcing today that they’ve waived guard Buddy Boeheim and signed guard Erik Reynolds to replace him.
A former Syracuse standout, Boeheim appeared in 20 NBA regular season games for the Pistons from 2022-24 while on two-way contracts. He spent last season with the Oklahoma City Blue in the G League and averaged 12.5 points, 3.3 rebounds, and 1.8 assists in 26.3 minutes per game across 40 outings. Known as a floor-spacer, the 25-year-old knocked down 37.7% of 9.2 three-point attempts per game for the Blue in 2024/25.
Boeheim, who just signed an Exhibit 10 contract with the Thunder on Tuesday, is a safe bet to return to OKC’s G League affiliate this fall. He’ll earn an $85,300 bonus on top of his standard NBAGL salary as long as he spends at least 60 days with the Blue.
Reynolds, meanwhile, is joining the Thunder after going undrafted out of Saint Joseph’s in June. As a senior in 2024/25, he averaged 16.0 PPG, 2.9 RPG, and 2.6 APG in 33.9 MPG, but struggled with his shot, making just 38.0% from the floor and 29.8% from beyond the arc. He had been a 37.0% three-point shooter in his first three college seasons.
Reynolds – who left Saint Joseph’s as the school’s all-time leader in several statistical categories, including points – played for the Thunder’s Summer League team in Salt Lake City and Las Vegas in July. He appears likely to join Boeheim with the Oklahoma City Blue as an affiliate player.
And-Ones: Core Trios, MVP, Hayward, NBA App
Tim Bontemps of ESPN ranks the core trios of every NBA team based on their current and future value. Unsurprisingly, Shai Gilgeous-Alexander, Jalen Williams and Chet Holmgren of the defending champion Thunder sit atop Bontemps’ tiered list, followed by the Nuggets trio of Nikola Jokic, Jamal Murray and Aaron Gordon.
Bontemps’ final tier (“rebuilding”) is comprised of the Nets (Nic Claxton, Egor Demin, Nolan Traore), Trail Blazers (Toumani Camara, Donovan Clingan, Shaedon Sharpe), Jazz (Ace Bailey, Walter Clayton, Lauri Markkanen), and Wizards (Bilal Coulibaly, Tre Johnson, Alex Sarr).
Here are a few more odds and ends from around the basketball world:
- Using six categories (narrative score, expected ridiculous stats score, team quality score, clutch score, player impact score, and perceived value score), Zach Harper of The Athletic takes a stab at predicting who will win the NBA’s MVP award in 2025/26. Jokic, who was the runner-up last season, earns the most points (55/60), followed by reigning MVP Gilgeous-Alexander (50/60) and Giannis Antetokounmpo (50/60), who finished third in voting last season. However, Harper’s “gut” says Timberwolves guard Anthony Edwards (45/60) will claim his first MVP.
- Former NBA All-Star Gordon Hayward, who retired last summer after a 14-year career in the league, is returning to his alma mater in a new role. According to a Butler press release written by John Dedman, Hayward will be an executive basketball advisor for the Bulldogs’ men’s basketball program. In addition to advising in multiple areas, Hayward will also serve as a mentor to student-athletes, with a focus on leadership and professional development.
- The NBA announced in a press release that it has launched a new multi-platform streaming offering as well as the “reimagined” NBA TV, both of which can be accessed via the NBA App. There’s also a new flagship program on NBA TV and the NBA App called “The Association,” which features MJ Acosta-Ruiz, David Fizdale, Rudy Gay, Chris Haynes and John Wall, among others.
Northwest Notes: SGA, Bailey, Dillingham, Miller, Cooke
Thunder star Shai Gilgeous-Alexander doesn’t see himself playing until he’s 40 like current stars LeBron James and Chris Paul, he said within a GQ Sports cover story, per Yang-Yi Goh (subscription required).
“I definitely think I can,” Gilgeous-Alexander said. “I won’t, though. A hundred percent.”
The reigning MVP just turned 27 in July, so he certainly has time to change his mind between now and the final years of his NBA career. However, he went on to explain that family considerations would be the main reason why he doesn’t think he’d want to extend his playing days that long.
“I won’t want to miss that much of my kid’s life,” he told Goh. “I won’t want to be away and miss his first basketball game every year, his first soccer game, football game, piano lesson, chess lesson, whatever it is. And there’s a certain point in your career where you reach your peak.
“I don’t fault guys for still playing. They love the game. But I just feel like I play this game, ultimately, to see what the best version of me can be. Once I figure that out and I start going down, then it’s like, Okay, well, what am I playing for now? As soon as that happens, I’ll be on the first ship out.”
Here’s more from around the Northwest Division:
- Jazz rookie Ace Bailey is dealing with “some tendonitis” in both of his knees, Will Hardy said after the No. 5 overall pick was removed from Monday’s game vs. Portland. However, Utah’s head coach didn’t sound overly concerned about the issue. “He’s not going to be getting imaged or anything like that,” Hardy told reporters, including Andy Larsen of The Salt Lake Tribune (Twitter link). “It’s just trying to take care of him. He was a little sore during his second stint (on the court).”
- After playing a limited role as a rookie, second-year Timberwolves guard Rob Dillingham is working on making the adjustments necessary to earn more regular minutes in 2025/26, as Chris Hine of The Star Tribune details. “I want to play,” Dillingham said. “So whatever I got to do to play, whatever (head coach Chris Finch) wants me to do — pass the ball, pick up (on defense), I’m just gonna have to do.” Finch offered more details on what he and the staff have told Dillingham to focus on: “Be ready to make shots off the ball, particularly when you’re playing out there alongside guys like Julius and Ant who are going to have the ball in their hands a lot. Keep it simple and use your speed, which is what we need you to do and what you have naturally comes to you.”
- Timberwolves forward Leonard Miller, who suffered a finger injury early in training camp, was cleared for full-contact, five-on-five basketball activities on Monday, the team announced in a press release. Miller started on Monday against the Guangzhou Loong Lions and played well in a Minnesota blowout, racking up 15 points and 11 rebounds in 23 minutes of action.
- The Oklahoma City Blue and Rip City Remix have completed a trade, tweets Rylan Stiles of SI.com. The Thunder‘s G League affiliate acquired the returning rights for Isaac Nogues and Henri Drell, along with a 2026 second-round pick, from the Trail Blazers‘ affiliate, in exchange for Javonte Cooke‘s returning rights. Cooke signed an Exhibit 10 contract with Portland two weeks ago, while Nogues and Drell are currently playing overseas.
Thunder Sign Buddy Boeheim, Waive Payton Sandfort
The Thunder continue to move players on and off the back of their 21-man roster as they prepare for the season. According to the team, guard/forward Buddy Boeheim is the latest player to sign with Oklahoma City. He replaces wing Payton Sandfort, who has been waived after spending roughly 24 hours on the roster.
A former Syracuse standout, Boeheim appeared in 20 NBA regular season games for the Pistons from 2022-24 while on two-way contracts. He spent last season with the Oklahoma City Blue in the G League and averaged 12.5 points, 3.3 rebounds, and 1.8 assists in 26.3 minutes per game across 40 outings. Known as a floor-spacer, the 25-year-old knocked down 37.7% of 9.2 three-point attempts per game for the Blue in 2024/25.
Boeheim will almost certainly rejoin OKC’s G League team as a returning-rights player. Signing an Exhibit 10 contract with the Thunder will put him in line to earn a bonus worth up to $85,300 on top of his standard NBAGL salary as long as he spends at least 60 days with the Blue.
The G League is likely the next stop for Sandfort as well. The undrafted rookie will qualify as an affiliate player for the Thunder, meaning the Blue will have his rights if and when he signs an NBAGL contract.
Oklahoma City continues to carry 21 players on its preseason roster — 15 on guaranteed standard contracts, four on Exhibit 10 deals, and a pair on two-way pacts.
Thunder Sign Payton Sandfort, Waive Viktor Lakhin
The Thunder have added wing Payton Sandfort to their camp roster, the team announced. In a corresponding move, they have waived Viktor Lakhin, Spotrac contributor Keith Smith tweets.
An undrafted rookie out of Iowa, Sandfort appeared in 33 games (all starts) for the Hawkeyes last season and averaged 16.7 points, 6.0 rebounds and 2.9 assists in 31.9 minutes per game. Sandfort appeared in 134 games with Iowa over a four-year span and started regularly the past two seasons.
It was reported shortly after the draft that Sandfort would sign an Exhibit 10 contract with Oklahoma City — that has finally come to fruition.
It’s likely Sandfort will be waived and then join the Oklahoma City Blue, the Thunder’s G League team. He would be in line for a bonus worth up to $85,300 if he stays with that club for at least 60 days.
Lakhin was signed on Sunday to a camp deal.
Lakhin, who ranked third on ESPN’s list of 2025 prospects among players who weren’t drafted, played three college seasons at Cincinnati prior to transferring to Clemson for his senior year. In 34 games for the Tigers in 2024/25, the Russian big man averaged 11.4 points, 6.4 rebounds, 1.5 assists, 1.0 steal and 1.5 blocks in 23.6 minutes per contest, with a shooting line of .507/.375/.696.
However, Lahkin sustained a torn tendon in his left foot in May. The 6’11” forward/center will also likely wind up with the Blue.
Thunder Sign Viktor Lakhin
The Thunder have signed Viktor Lakhin, per a team press release.
Former ESPN draft expert Jonathan Givony viewed Lakhin as a potential second-round pick entering the 2025 draft. However, the 6’11” forward/center sustained a torn tendon in his left foot in May, an injury that was expected to sideline him for three months, and he wound up going undrafted.
Lakhin, who ranked third on ESPN’s list of 2025 prospects among players who weren’t drafted, played three college seasons at Cincinnati prior to transferring to Clemson for his senior year. In 34 games for the Tigers in 2024/25, the Russian big man averaged 11.4 points, 6.4 rebounds, 1.5 assists, 1.0 steal and 1.5 blocks in 23.6 minutes per contest, with a shooting line of .507/.375/.696.
While the terms of the contract were not disclosed, it’s safe to assume Oklahoma City signed Lakhin to a non-guaranteed Exhibit 10 deal. If he’s waived before the season begins and spends at least 60 days with the G League’s OKC Blue, Lakhin could earn a bonus worth up to $85,300.
Exhibit 10 contracts can also be converted to two-way deals, and the Thunder do have a two-way opening. A promotion for Lakhin seems unlikely given the timing of the signing, but it’s technically still a possibility.
The Thunder are now back at the offseason limit of 21 players under contract. They waived guard Jazian Gortman to make room for Lakhin.
Thunder Waive Jazian Gortman
The Thunder have waived Jazian Gortman, the team announced on Sunday morning.
Oklahoma City signed Gortman to a non-guaranteed Exhibit 10 contract last month. The 22-year-old guard appeared in four preseason games for the Thunder, averaging 9.8 points, 2.0 assists (1.8 turnovers) and 1.8 rebounds in 16.2 minutes per contest.
After being released, Gortman is now eligible for a bonus worth $85,300 if he spends at least 60 days with the Oklahoma City Blue, the Thunder’s G League affiliate.
Gortman, who went undrafted out of Overtime Elite in 2023, spent his first pro season in the NBAGL with the Wisconsin Herd and the Rip City Remix, the affiliate teams of the Bucks and Trail Blazers, respectively. The 6’2″ point guard caught on with the Mavericks in the summer of 2024, initially signing an Exhibit 10 deal. Gortman impressed Dallas during training camp and preseason, having been promoted to a two-way contract shortly before the 2024/25 campaign began.
Gortman made 16 garbage-time appearances with the Mavs, playing 53 total minutes, before being released in late January. He also played 34 G League games (34.5 MPG) with the Texas Legends last season, averaging 20.0 points, 6.5 assists, 3.9 rebounds and 1.5 steals on .450/.272/.813 shooting.
The Thunder have signed Viktor Lakhin to replace Gortman on their roster, as we detail in a separate story.
And-Ones: Pierce, Mosley, Daigneault, NBA Europe, Project B
Former Celtics star Paul Pierce was arrested earlier this week on suspicion of driving under the influence after he was found asleep behind the wheel on U.S. Highway 101 in Los Angeles, per an Associated Press report.
California Highway Patrol officers, who were responding to the scene of an unrelated car crash in the area, saw Pierce’s Range Rover nearby after they reopened the four affected highway lanes, according to a press release. Pierce was asleep and showed “signs of alcohol impairment,” prompting the officers to conduct a DUI investigation and arrest him on a misdemeanor charge.
Pierce, a 10-time All-Star and Hall of Famer who won a title with Boston in 2008, has been out of the NBA since 2017, but has worked in broadcasting roles for ESPN and Fox Sports since then.
We have more odds and ends from around the basketball world:
- While nothing has been set in stone yet, Magic head coach Jamahl Mosley and Thunder head coach Mark Daigneault are two names to watch as potential candidates for Team USA’s coaching staff when Erik Spoelstra takes over coaching duties, sources tell Joe Vardon of The Athletic.
- The EuroLeague, the NBA, and FIBA met again this week as the NBA and FIBA continue to explore the potential creation of a European league. In the wake of Wednesday’s meeting, the EuroLeague released a statement that thanked the NBA for “constructive dialogue” but said the proposal for collaboration the EuroLeague presented at the previous meeting has yet to receive “any meaningful response.” According to Alessandro Luigi Maggi of Sportando (Twitter link), the NBA views the model proposed by the EuroLeague as unsustainable.
- While Maverick Carter is no longer part of the proposed basketball league known as “Project B,” other organizers and investors are moving forward with plans for the global league, according to Sam Amick, Mike Vorkunov, and Vardon of The Athletic, who share the latest details. Project B co-founder Grady Burnett tells The Athletic that the goal is to launch a women’s basketball league next fall, with the goal of setting up a men’s league as well. “We’re going to focus on the women’s side at this point,” he said. “I think it’s natural to assume that we will do other things after that.”