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It wouldn’t be an NBA trade deadline without Sam Presti coming away with at least one future draft pick. That’s exactly what happened, as the Oklahoma City Thunder and New Orleans Pelicans linked up in a small deal.

Here are the particulars:

Oklahoma City Thunder acquire: Daniel Theis, less favorable 2031 Pelicans or Magic second-round pick

New Orleans Pelicans acquire: Cash

Let’s dive in!

Oklahoma City Thunder

Incoming salary: $2.1 million in 2024-25

  • Daniel Theis (C, one year, $2.1 million)

Outgoing salary: None

This is a pretty simple deal for both teams. The Thunder are using some of their considerable space under the luxury tax to eat Theis’ contract, while adding yet another second-round pick.

Theis will probably stick in Oklahoma City, at least until Chet Holmgren returns. Theis gives the team solid center depth behind Isaiah Hartenstein and Jaylin Williams.

When Holmgren is back, the Thunder could move on from Theis to free up a roster spot to convert two-way player Ajay Mitchell to a standard contract. Mitchell was in line for the promotion before suffering a turf toe injury. The rookie guard is out for several more weeks, as he recovers from a surgical procedure for the injury.

The pick the Thunder are getting in this trade is so far off, that it’s impossible to know what it will be. But Oklahoma City previously had only their own second-round pick in 2031, and that just couldn’t stand. Now, Sam Presti has the requisite extra pick that he must have in every round of every draft.

New Orleans Pelicans

Incoming salary: None

Outgoing salary: $2.1 million in 2024-25

  • Daniel Theis (C, one year, $2.1 million)

The New Orleans Pelicans streak of never paying the luxury tax in franchise history will continue. By moving Theis, and with Dejounte Murray set to miss out on some currently likely bonuses due to missing the rest of the season, the Pelicans will dip below the tax line.

Expect New Orleans to use some of their newfound room beneath the tax to convert Brandon Boston Jr. to a standard contract. Boston has played well for the injury-ravaged Pelicans and they’d like to have him on a longer-term deal.

Paying the price of a second to dodge the tax is worth it for the Pelicans. The team isn’t anywhere near contention this year, and there’s a chance that New Orleans will be expensive down the line. It’s best to put some extra cash, via both this trade and the upcoming luxury tax disbursement, in ownership’s coffers now. Then, if the tax can’t be avoided down the line when the team is back in as a playoff contender, hopefully they’ll have bought some goodwill and the go-ahead to stay over the tax.

 

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