Thunder Notes: Slump, Trade Deadline, Carlson, SGA
After looking practically invincible during the first 25 games of the season, the Thunder have hit a rough patch. They’ve split their last 12 games, including an ugly 124-97 loss to the Hornets on Monday. Head coach Mark Daigneault said these humbling outings could pay dividends.
“When you win the championship and you start the way we started, it comes with the territory,” he said, per Cliff Brunt of the Associated Press. “I think it gives you a unique opportunity to really improve through that. … It’s a competitive privilege to be a team that other teams are up to play for.”
Star guard Shai Gilgeous-Alexander says there’s no reason to panic.
“There’s a lot of games left in the season,” he said. “We’ve won big. We’ve lost big. Some nights are going to be bad. Some nights are going to be great. But regardless, you have to try to get better the next day. I think that’s what allows you to, I guess you can say, be resilient. It’s hard, obviously, but the best teams do it, and that’s who we’re trying to be.”
Here’s more on the Thunder:
- Even before the loss to Charlotte, guard Alex Caruso noticed how opponents approach them differently now that they have a championship under their belts. “Last year, I feel like we went to the regular season and we had to earn our respect through winning, because we hadn’t done anything yet,” he told Joel Lorenzi of The Athletic. “That being said, a lot of teams probably didn’t show up with the same energy and same mindset that they do this year that’s coming off (us) winning the championship. A lot of times, I think we’re not playing our best, at least not to the level that these other teams are coming in with. The mindset, the execution. Maybe their will to win is a little higher than ours, which shouldn’t be the case.”
- Like pretty much every team in the league, the Thunder could use another perimeter shooter. However, ESPN’s Anthony Slater hears that the Thunder are not expected to be very active at the trade deadline. They don’t have any glaring rotation concerns, plus they have very little wiggle room financially — OKC’s team salary is about $1MM below the luxury tax line.
- Two-way player Branden Carlson produced a big game on Friday when he contributed 15 points, 11 rebounds and two steals in 22 minutes against Golden State. The 26-year-old big man has impressed the coaching staff with his preparation, according to Justin Martinez of The Oklahoman. “He’s always ready to play, and that’s the thing I respect most about him,” Daigneault said. “There are certain guys you’re just excited for when you can get them in the game because you feel like they deserve it. We’ve got a lot of those guys, but he’s certainly one of them.”
- SGA was chosen as Sports Illustrated’s Sportsperson of the Year. He told Chris Mannix of SI that he has a great appreciation for all the accolades he’s received. “Growing up you have goals and you write them down and you’re like, ‘I’m going to get this one day.’ But way more people do that and don’t achieve their goals than actually achieve them,” he said. “So it’s always like a ‘is this really my life?’ type of feeling. And I don’t know if that’ll ever go away.”
Thunder Re-Sign Branden Carlson On Two-Way Deal
September 26: More than two-and-a-half months after it was first reported, Carlson has officially signed his two-way deal with the Thunder, per a team press release.
July 8: The defending champion Thunder are re-signing free agent big man Branden Carlson to a two-way contract, agent Ross Aroyo tells Shams Charania of ESPN (Twitter link).
Carlson appeared in 32 games as rookie last season with the Thunder, averaging 3.7 points and 1.7 rebounds in 7.7 minutes per contest. The 26-year-old was given a qualifying offer last month, making him a restricted free agent, so he may simply be accepting that QO, which is equivalent to another one-year two-way contract.
Carlson went undrafted in 2024 after spending his five-year collegiate career at Utah. The seven-footer originally signed a two-way contract with the Raptors but was cut just before the 2024/25 season began. He later signed a non-guaranteed deal and a pair of 10-day contracts with the Thunder before eventually sticking with the team for good on a two-way in February.
Second-round pick Brooks Barnhizer is also on a two-way contract with the Thunder, so the club will have one two-way slot still available after bringing back Carlson.
QO Updates: J. Walker, A. Mitchell, Two-Ways, Mann
The Trail Blazers opted not to tender forward Jabari Walker a qualifying offer prior to Sunday’s deadline, reports Sean Highkin of The Rose Garden Report (Twitter link). As a result, Walker will become an unrestricted free agent.
Walker put up solid numbers in a limited role for Portland last season, averaging 5.2 points and 3.5 rebounds in 12.5 minutes per game, with a .515/.389/.690 shooting line, across 60 appearances. However, his playing time dropped off significantly from the previous year, a signal that the Blazers were prioritizing other young players over the 22-year-old.
Meanwhile, the Thunder issued Ajay Mitchell a qualifying offer, according to Keith Smith of Spotrac (Twitter link), who notes that it’s a procedural move for Oklahoma City, since the second-year guard has already agreed to sign a three-year, $9MM contract with the team. The QO will just ensure he’s a restricted free agent when free agency opens — he’ll be able to officially finalize that new deal on July 6.
The following players who finished the 2024/25 season on two-way contracts also received qualifying offers ahead of Sunday’s deadline, per Smith (unless otherwise indicated):
- Branden Carlson, Thunder (link)
- Jesse Edwards, Timberwolves (link)
- Tyson Etienne, Nets (link)
- Trentyn Flowers, Clippers (link)
- Mac McClung, Magic (link)
- Tristen Newton, Timberwolves (link)
- Oscar Tshiebwe, Jazz (link via Tony Jones of The Athletic)
In each of these cases, the player’s qualifying offer is equivalent to another one-year, two-way deal, with a small portion (approximately $85K) guaranteed.
While a rival team could technically sign any of these players to an offer sheet during free agency, we essentially never see that happen with two-way free agents. Most of them end up either accepting their two-way QOs or agreeing to new standard contracts with their current teams.
While it’s possible that news of a qualifying offer slipped through the cracks within the last 24 hours, it appears that RealGM’s official transaction log is up to date with all of the QOs that were issued prior to Sunday’s deadline.
If that’s the case, one notable player who didn’t receive a qualifying offer is Hornets guard Tre Mann. His QO would have been worth about $6.96MM, but if Charlotte didn’t put it on the table, that means he’s on track to be unrestricted when free agency opens later today.
[UPDATE: Mann didn’t receive a qualifying offer, Michael Scotto of HoopsHype confirms (via Twitter).]
We’ll publish our full recap of 2025’s qualifying offer decisions later this morning.
Contract Details: Butler, Post, Mitchell, Craig, Two-Ways
Jimmy Butler‘s new two-year contract extension with the Warriors became official last Thursday as part of the trade that sent him from Miami to Golden State, per RealGM’s transaction log. That deal, which replaces Butler’s player option for 2025/26, projects to be worth $54,126,450 next season and $56,832,773 in 2026/27.
Those figures hinge on a presumed 10% salary cap increase for the ’25/26 season. Butler’s deal will start at 35% of the cap, with a 5% raise for the second year. Based on the maximum possible cap increase, which is anticipated, that would work out to a two-year total of $110,959,223 for the newest Warrior.
Meanwhile, Hoops Rumors has learned that Quinten Post‘s new standard two-year contract is a minimum-salary contract that includes a team option for 2025/26. The Warriors will have the ability to either exercise that $1.96MM for next season or turn it down in the hopes of signing the big man to a longer-term contract as a restricted free agent.
Here are a few more updates on recently signed contracts from around the NBA:
- Ajay Mitchell‘s new two-year, $6MM contract with the Thunder includes a guaranteed $3MM for the rest of this season, which comes out of Oklahoma City’s room exception. It also features a $3MM team option for 2025/26, which means – like Golden State with Post – Oklahoma City could decline the option in order to sign Mitchell to a longer-term deal as a restricted free agent this summer.
- Torrey Craig‘s new contract with the Celtics is a one-year, minimum-salary deal, Hoops Rumors has learned, so the veteran wing will be back on the unrestricted free agent market during the coming offseason.
- While Branden Carlson (Thunder), Orlando Robinson (Raptors), and Jordan Goodwin (Lakers) signed two-way contracts that will expire at season’s end, Ethan Thompson‘s new two-way deal with the Magic covers two years, so Orlando will have the option of keeping him on that contract through the 2025/26 season, Hoops Rumors has learned.
Thunder Sign Branden Carlson To Two-Way Deal
After converting Ajay Mitchell from his two-way deal to a standard contract earlier Thursday, the Thunder have filled his two-way slot with Branden Carlson, as first reported by HoopsHype’s Michael Scotto and later announced by the team (Twitter links).
Carlson went undrafted this year after spending his five-year collegiate career at Utah. He originally signed on with the Raptors on a two-way deal but was cut just before the season. Meanwhile, the Thunder cycled through several frontcourt depth options to begin the year, starting the year with Alex Reese on a non-guaranteed contract before moving on to Malevy Leons and finally Carlson.
While Carlson stuck around longer than Reese and Leons, he was waived just after the New Year from his non-guaranteed contract. However, he showed enough during that time to prove he deserved another shot.
The Thunder re-signed Carlson three days after waiving him, this time to a 10-day contract. With Oklahoma City down several frontcourt options due to injury, Carlson stepped up over the last month and played well. He notably scored 11 points off the bench in a blowout win over Cleveland on Jan. 16, making three threes.
The seven-footer was then signed to another 10-day contract. After players have signed two 10-day deals, teams must decide whether to sign them for the entire season or let their deal expire. The Thunder initially opted for the latter option, using their 15th roster spot to take on Daniel Theis in a salary dump from New Orleans. But since Carlson impressed during his time on a 10-day, the Thunder aren’t hesitating to bring him back on board for an even longer look with Theis waived and Mitchell converted.
In all, Carlson is averaging 3.1 points and 1.7 rebounds per game this season while shooting 42.9% from three. The Thunder now have a full 18-man roster, with 15 players on standard contracts and Carlson joining Adam Flagler and Alex Ducas on two-way deals.
Cap/Roster Check-Ins: Clippers/Jazz Trade, 10-Day Deals
It’s going to be a busy week at Hoops Rumors, with this year’s trade deadline just five days away. But while things are still relatively quiet, we want to take a closer look at how today’s trade between the Clippers and Jazz works from a cap perspective and where things stand with the few 10-day contracts that have been signed so far this season.
Let’s dive in…
The Clippers/Jazz trade
Utah’s cap flexibility:
The Clippers and Jazz have officially finalized a deal that sends P.J. Tucker, Mohamed Bamba, a 2030 second-round pick, and cash to Utah in exchange for Drew Eubanks and Patty Mills.
First and foremost, this is a reminder that for teams not encumbered by either tax apron, salary-matching rules in trades have never been more lenient. Bamba and Mills are on identical one-year contracts and each have a cap hit of $2,087,519 this season, but Tucker’s cap hit ($11,539,000) is more than double that of Eubanks ($5,000,000).
Teams operating below the first tax apron like Utah are permitted to take back up to 200% of their outgoing salary (plus an extra $250K) when they send out any amount up to $7.5MM. That means the Jazz are allowed to acquire up to $10,250,000 in incoming salary in exchange for Eubanks’ outgoing $5MM salary.
That’s not quite enough for Tucker, which is why Mills was added to the deal. With $7,087,519 in total outgoing salary, the Jazz’s maximum incoming amount increases to $14,425,038. That’s more than enough to accommodate both Tucker and Bamba, who are earning a combined $13,626,519, though Bamba’s minimum deal can be absorbed using the minimum salary exception, meaning salary-matching is only necessary to acquire Tucker.
The Jazz entered the day with a team salary of $143,653,620. This trade increased that figure to $150,192,620, which is still more than $20MM below the luxury tax line ($170,814,000). In other words, Utah has more than enough breathing room below the tax line to make this sort of deal two or three more times over before the deadline.
Of course, the Jazz don’t have enough expendable players to make exactly this sort of trade two or three more times. But the team could, for instance, take back extra salary when moving players like John Collins, Collin Sexton, or Jordan Clarkson, and also still has its $8MM room exception available to absorb a contract or two outright. That flexibility should serve Utah well and make the Jazz a team to watch for the rest of the week.
The Clippers’ tax-ducking:
Meanwhile, the Clippers were one of five NBA teams that entered the day on Saturday operating over the tax by less than $6MM — Los Angeles had been about $2.47MM above the tax line and has now moved to approximately $4.07MM below that threshold.
Steve Ballmer is the richest team owner in the NBA, so he probably barely would’ve noticed if he’d to pay L.A.’s relatively small projected tax bill of $6.2MM. But the Clippers will now be in position to receive a share of the tax distribution for non-taxpayers too. The exact amount of that per-team distribution remains up in the air depending on what other moves are made this week, but it could be in excess of $15MM. That’s not nothing.
Perhaps more importantly, after being a taxpayer for each of the previous four seasons, the Clippers move a step closer toward resetting their “repeater” clock. If they can avoid the tax at least once more in a coming season, the Clips will shed their repeater status and will only face standard tax penalties when they become a taxpayer again down the road, rather than the far more punitive repeater penalties.
The difference between standard and repeater penalties is substantial, especially with repeater rates set to rise in 2025/26, so resetting that clock is a big deal — it puts the Clippers in position to spend big on their roster a few years from now without still being on the hook for extra tax payments as a result of their high payrolls in the Paul George era.
The Pelicans, Cavaliers, Mavericks, and Warriors are the other four teams who are over the tax line by less than $6MM. I don’t expect all of them to try to get out of tax territory before Thursday’s deadline, but New Orleans, at least, is a virtual lock to do so and it’s possible one or two others will consider it.
Ten-day contracts
Branden Carlson and the Thunder:
Carlson’s second 10-day contract with Oklahoma City expired overnight on Friday, making him a free agent and reopening the 15th spot on the Thunder‘s roster. Because a player can’t sign three 10-day contracts with the same team in a season, the Thunder would have to offer Carlson a rest-of-season deal if they want to bring him back.
I don’t see that happening before Thursday’s trade deadline — my guess is that the Thunder will leave that 15th spot open for now in case they need to use it in a trade this week. If the spot remains free after that, they might consider their options on the buyout market over the next few weeks before making any final decisions on their 15th man.
Carlson is a candidate to fill that opening eventually. I also wouldn’t be surprised if the Thunder decide to promote Ajay Mitchell from his two-way contract to the standard roster and look to bring Carlson back on a two-way deal before the March 4 deadline for two-way signings.
However, Mitchell’s toe surgery, which may sideline him for the rest of the season, is a factor working in Carlson’s favor for that 15th spot — if Mitchell isn’t able to contribute in the playoffs, there will be no urgency for the Thunder to get him locked up before the summer.
For what it’s worth, Carlson was playing regular minutes off the bench with Isaiah Hartenstein sidelined and had made at least one three-pointer in eight straight games, but he was a DNP-CD in each of the two games after Hartenstein returned from his calf strain.
Orlando Robinson and the Raptors:
Now that Carlson’s 10-day deal has expired, Robinson’s second 10-day contract with Toronto is the only one in the league still active.
It has been a very quiet winter so far for 10-day signings, as our tracker shows — I expect things will pick up after the trade deadline when more teams open up roster spots, but as of now, the Raptors and Thunder are the only two teams that have signed any players to 10-day contracts this season.
Robinson’s contract is set to expire at the end of Thursday, hours after the trade deadline passes. Don’t be surprised if the Raptors end up terminating that deal one day early. They don’t have a game on Thursday, so Robinson would be the easy choice to be cut if they need to open up a spot to accommodate an extra incoming player in a trade.
Robinson has averaged 16.8 minutes per game in Toronto’s last four contests and looks like a candidate to earn either a standard or two-way rest-of-season contract if the Raptors can accommodate it after the trade deadline.
Thunder Sign Branden Carlson To Second 10-Day Deal
Rookie center Branden Carlson is back under contract with the Thunder, having signed a second 10-day contract, the team announced today in a press release. Carlson’s initial 10-day deal with Oklahoma City ran through January 19, expiring overnight on Sunday.
Carlson, an undrafted free agent out of Utah, was on a two-way deal with the Raptors for most of the offseason. He was waived in mid-October before the regular season began, but caught on with the Thunder on a non-guaranteed contract in November.
The big man saw little action while he was on that deal, logging just 25 total minutes across seven appearances. However, after being waived ahead of this month’s salary guarantee deadline on January 7, he returned to the Thunder and took on a larger role, appearing in all six games the club played during his previous 10-day contract.
Known for his ability to stretch the floor, Carlson made at least one three-pointer in each of those six outings, averaging 5.5 points and 2.3 rebounds in 9.3 minutes per night, with a .529 3PT% (9-of-17).
With Carlson back in the fold through January 31, the Thunder will have some added depth in their frontcourt for the next four games, with Isaiah Hartenstein (left soleus strain) and Chet Holmgren (right iliac wing fracture) both currently unavailable.
Carlson’s 10-day deal will pay him $66,503, the rookie minimum, with OKC taking on an identical cap hit. It will expire a week ahead of the trade deadline, giving the club some flexibility ahead of February 6 to take on an extra player in a deadline deal.
If the Thunder ultimately determine they want to bring back Carlson after his second 10-day contract expires, they would need to re-sign him for the rest of the season, since a team isn’t permitted to sign a player to a third 10-day deal.
Thunder Notes: Culture, Wallace, Williams, Carlson
The Thunder were able to fast-track their timeline for contention by establishing a firm culture under head coach Mark Daigneault that focused on skill development and small details, ESPN’s Tim MacMahon writes.
“I think that’s why we’ve been able to accelerate our development,” Shai Gilgeous-Alexander said. “All those little things that go into winning, they mean a lot to us because of our competitiveness and what our common goal is as a group.”
Oklahoma City saw success last season but was eliminated in the second round of the playoffs, falling short of the Western Conference Finals. Instead of sending out their assets for another star or big name, the Thunder targeted role players in Isaiah Hartenstein and Alex Caruso who could help push their core to the top of the league.
“They want to be a part of something bigger than themselves,” Daigneault said. “I think that’s one of the things that [Thunder general manager Sam Presti]’s nailed in this process. The types of people that we’ve brought in the door, regardless of whether they’re still here or they’re not, by and large, have been committed professionals that are ambitious, but they’re also willing to complete the team.”
We have more from the Thunder:
- After emerging as a rookie contributor on a contending team last season, Cason Wallace began this season in a slump, averaging 6.5 points on 41.8% shooting through his first 33 games. But as Joel Lorenzi of The Oklahoman writes, it looks like Wallace is out of his funk after averaging 13.2 points on 58.7% shooting in his last five outings. It’s obviously a small sample, but Wallace’s mentality helped break him out of the dry spell. “Just being a hooper,” Wallace said. “Knowing that you’re gonna have shooting slumps. And I had mine early. I had one last year, just wasn’t as loud as this. Just sticking with it, knowing it would come back.“
- Jalen Williams has a solid case to make the All-Star Game according to The Athletic’s Anthony Slater, which would make him one of two players from the 2022 class to do so so far (joining Paolo Banchero). Entering Thursday, Williams held averages 20.6 points, 5.7 rebounds and 5.2 assists per game for the contending Thunder. Gilgeous-Alexander believes Williams is worthy of the honor. “For our team to be as good as we’ve been, obviously coming up on the All-Star Game, I think it’d only be right for him to be an All-Star,” Gilgeous-Alexander said. “You don’t have this record because of one All-Star. You don’t have this record because of one good player.”
- Branden Carlson got his first shot at extended minutes in a big matchup against the Cavaliers on Thursday, Lorenzi writes. He scored 11 points in 17 minutes off the bench, playing in the first quarter. After going undrafted in 2024, Carlson signed a two-way contract with the Raptors, but was waived before the season began. The big man joined the Thunder on a non-guaranteed contract, was cut again, and was brought back last week on a 10-day deal. Although he’s only under contract for 10 days, Oklahoma City relied on Carlson with their frontcourt depth depleted as a result of injuries to Hartenstein and Chet Holmgren.
Thunder Sign Branden Carlson To 10-Day Contract
The Thunder have signed rookie center Branden Carlson to a 10-day contract, the team announced in a press release.
It’s a reunion for the two sides, as Oklahoma City waived Carlson a few days ago before his full-season salary became guaranteed.
A 25-year-old from Utah, Carlson played five college seasons for the Utes prior to going undrafted in 2024. Known for his ability to stretch the floor, Carlson initially signed a two-way deal with Toronto in July, but was cut in mid-October, a few days before the 2024/25 season began.
Carlson, who opened the season with the Raptors 905 in the G League, signed a one-year, minimum-salary contract with the Thunder in mid-November. He only saw garbage-time action with Oklahoma City at the NBA level, logging 25 total minutes across seven outings.
However, he has been pretty productive at the NBAGL level, averaging 14.9 points, 8.4 rebounds, 1.9 assists and 1.4 blocks in eight appearances with the 905 and Oklahoma City Blue (27.9 minutes per contest). He posted a shooting line of .490/.367/.500 in those outings.
The move will ensure that Carlson remains in the Thunder’s system, at least temporarily. His G League rights are controlled by the 905, but NBA deals take precedence.
Thunder Cut Branden Carlson
The Thunder have placed center Branden Carlson on waivers, the team announced today. The move ensures that Oklahoma City won’t be on the hook for Carlson’s full-season salary, since his deal was non-guaranteed.
Carlson, who opened the season with the Raptors 905 in the G League, signed a one-year, minimum-salary contract with the Thunder in mid-November.
Carlson only saw garbage-time action with Oklahoma City at the NBA level, logging 25 total minutes across seven outings. He also appeared in five Tip-Off Tournament and regular season games for the OKC Blue, averaging 15.2 points and 8.6 rebounds in 25.6 minutes per contest.
A team that wants to avoid locking in a player’s non-guaranteed salary for the rest of the season must waive him by January 7, which is why the Thunder are making this move today. Although Carlson won’t earn his full $990,895 salary, he’ll be credited for 55 days of service, resulting in a salary (and dead-money cap hit) of $365,767.
The Thunder will open up a roster spot as a result of the transaction. I’d expect them to keep it open or use it for 10-day signings until they get a sense of whether it will be useful for trade purposes.
As Blake Murphy of Sportsnet tweets, the Raptors 905 still control Carlson’s G League rights, so if he ends up returning to the NBAGL, Toronto’s affiliate would have the option of bringing him back to the team.