The Thunder’s injury pileup has left Sam Presti with a familiar kind of problem: a roster full of promise, a cap sheet full of complications, and a need for help that can’t be ignored much longer.
Jalen Williams is out with a dislocated ankle and fractured fibula. Cason Wallace has a torn labrum and is expected to miss most, if not all, of the regular season.
Then came the latest blow late last week, when Oklahoma City said Chet Holmgren would be sidelined eight to 10 weeks with a small patellar tear in his right knee. Alex Caruso is also dealing with an ankle sprain.
Add in the offseason departures of Luguentz Dort, Aaron Wiggins and Isaiah Joe because of financial constraints, and the Thunder suddenly look thin in a hurry.
That doesn’t mean Presti is out of answers. In fact, Oklahoma City still has the kind of draft capital and trade flexibility that can make it one of the more interesting teams in the league once the market starts moving.
The catch is the money. According to Spotrac, the Thunder are currently $6.9 million below the dreaded second apron, and crossing that line would limit a lot of roster-building options.
With Shai Gilgeous-Alexander’s massive extension set to kick in next year, the pressure around that threshold is only going to grow.
So the question is simple: does Presti make a bigger swing and accept the consequences, or does he try to patch the roster without pushing the Thunder into that territory? Either way, there are paths available.
One obvious place to look is New Orleans, where Trey Murphy and Herb Jones have both been mentioned as possible targets. ESPN’s Tim MacMahon reported that both wings could be on Oklahoma City’s radar if Presti decides to make a move.
Murphy carries the larger salary this season, but Jones is under contract for one fewer year, which matters for a team trying to preserve what little flexibility it still has. Murphy is tied to a deal that runs through the 2028-29 season and pays him $31 million that year, so landing him would be a major financial commitment.
Jones would still cost real money, but he makes more sense from a contract standpoint.
Jones is on an expiring $10.5 million deal and will become an unrestricted free agent after the season. That kind of structure gives Oklahoma City a cleaner path if it wants to stay below the second apron, especially if it sends out a smaller salary like Nikola Topić.
The Thunder already declined Topić’s option for next season, making him an unrestricted free agent. A trade built around Jones would likely mean the Clippers get a useful rotation player in return, plus a young flyer and maybe a second-round pick or two.
Presti wouldn’t want to overpay for a rental, but the Thunder may have to accept a steeper price than usual given the current state of the roster.
On the court, Jones would fit. He’s long, defends, and can hit threes.
He’s not Wallace or Dort on that end, but he’d help. Kris Dunn is another Clippers name worth watching, and he’d bring the same kind of defensive value on an expiring deal.
Orlando presents another possible lane, though it comes with its own complications. The Magic are close to the second apron themselves, and Anthony Black is in a tricky spot after not receiving a rookie-scale extension over the summer. The sixth pick in the 2023 draft is headed for restricted free agency, and Orlando may have a difficult time keeping him with Paolo Banchero, Franz Wagner, Desmond Bane and Jalen Suggs all locked into significant deals.
Black would not come cheap. His salary is similar to Jones’s, so the money could work for Oklahoma City, but the trade package would almost certainly have to be bigger.
At 22, he can create plays, defend on the perimeter and has shot the ball well early this season. If Presti only wants to move a player like Topić or Thomas Sorber, he’d probably need to attach serious draft capital.
And if a new deal for Black gets messy in the summer, that only makes the whole thing harder to justify.
There is, however, a scenario where Orlando decides to move him for less than expected if it already believes he’s gone after the season. If that happens, Oklahoma City could jump in and use Black right away, even if he eventually signs an offer sheet that isn’t matched and winds up elsewhere next year.
Dunn is the less glamorous option, but maybe the most practical one. He’s out of the Suns’ rotation and doesn’t offer much offensively, but his defense is elite, and that’s exactly where the Thunder need help.
With Gilgeous-Alexander still in place, plus Ajay Mitchell, Jared McCain and Holmgren eventually returning around the new year, Oklahoma City doesn’t necessarily need a star. Dunn’s small contract would be easy to fit, and he could come in as a depth piece who takes the toughest assignment for short stretches.
There’s also the simplest route of all: just use the open roster spot and sign a veteran-minimum free agent. The Thunder had planned to sign Ochai Agbaji before pausing to reassess after Holmgren’s injury.
They could circle back to Agbaji or look elsewhere, though the in-season market is thin. Bruce Brown, Julian Phillips, Amir Coffey and John Konchar are among the available names.
None of them are needle-movers, but they do offer low-cost depth.
For now, Presti has choices. Some are bigger, some are safer, and some are just about surviving the injury storm without making the cap situation worse.
The Thunder don’t need to force a splash. They just need to find enough help to keep the season from slipping away.
In Other News...
Former Sixer Dalen Terry Just Landed An Intriguing New Chance
Dalen Terrys latest stop gives him another shot to stick in the NBA, and it comes at a time when Oklahoma City can use the help. The former first-round pick was waived by the Warriors after training camp, then left Golden States G League affiliate to join the Thunder, who had an open roster spot and a clear need for wing depth.
For Oklahoma City, the move is as much about covering ground as it is about upside. The Thunder are navigating multiple long-term injuries, so adding another athletic perimeter option makes sense even if the arrangement is expected to be a modest one. Terry now gets a chance to compete for a role in a situation where opportunity is available, and the Thunder get a low-risk look at a player with some pedigree still attached to his name. [Read more 🡒]
Thunder Title Hopes Suddenly Hinge On Two Massive Unknowns
Jalen Williams injury has changed the feel around Oklahoma Citys title chase, because a team built to contend now has to navigate the stretch run without one of its most important pieces. NBA insider Zach Lowe has said Williams could still make it back this season, but the practical expectation around the league is that the Thunder are preparing for a long absence while still leaving the door open for a late return if the team or player never shuts it.
That uncertainty is landing at the same time Oklahoma City is trying to fortify the roster elsewhere. The Thunder signed Dalen Terry and are expected to keep working the trade market before the deadline, with the front office likely looking for salary-based moves to add depth without touching Williams. For a team with championship aspirations, the next few weeks may be less about one injured star than about how aggressively the Thunder choose to patch the holes around him. [Read more 🡒]
Thunder Fill Final Roster Spot As Rotation Pressure Suddenly Grows
Oklahoma City is using its final roster spot on wing depth, with reports saying the Thunder are signing Dalen Terry to a two-year deal. Terry, who has spent time with the Bulls and 76ers, gives the defending group another versatile defender at a moment when the margin for error has shrunk, even if the team has not officially announced the move yet.
The timing matters because the Thunder are suddenly navigating a stretch without several key rotation pieces, and that has opened the door for a player like Terry to matter sooner than expected. His fit is straightforward on paper, defense, length and energy, but the bigger question is how much responsibility he can absorb if Oklahoma City needs him to play real minutes while the roster gets healthy again. [Read more 🡒]