OKC Thunder news: David Nwaba, Trey Burke, Marquese Chriss waived

The Thunder have set their roster.

The Oklahoma City Thunder announced on Monday that they had waived guard Trey Burke and forwards Marquese Chriss and David Nwaba. All three players were acquired in the eight-player trade with the Houston Rockets in late September.

None of the players dealt are with either team.

The Thunder needed to make room to fit guard Isaiah Joe on their roster, and the release of the three players gives them plenty of that. Nwaba was the only player from the trade that played for the Thunder in the preseason.

With the three moves, the Thunder 17-man roster is set.

Shai Gilgeous-Alexander, Josh Giddey, Lu Dort, Ousmane Dieng, Jalen Williams, Aleksej Pokusevski, Kenrich Williams, Tre Mann, Jeremiah Robinson-Earl, Darius Bazley, Aaron Wiggins, Jaylin Williams, Mike Muscala, Isaiah Joe, Chet Holmgren and two-way players Lindy Waters III and Eugene Omoruyi.

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Rockets trade four players to OKC for package led by Derrick Favors, future second-round draft pick

The Rockets are trading four veteran players to Oklahoma City in a deal bringing Derrick Favors, a future second-round draft pick, and more to Houston. Here’s our analysis of the move.

In a trade between rebuilding rivals in the Western Conference, Oklahoma City is trading Derrick Favors, Ty Jerome, Moe Harkless, Theo Maledon, and a 2025 second-round pick via Atlanta to the Houston Rockets for David Nwaba, Sterling Brown, Trey Burke and Marquese Chriss, as first reported by Adrian Wojnarowski of ESPN.

All of the players involved have expiring contracts (see Rockets books, Thunder books), so it shouldn’t materially impact either team’s long-term salary cap planning. Oklahoma City is also sending $6.3 million in cash considerations to compensate for the substantial gap in salaries, per Jackson Gatlin of Locked on Rockets.

The Rockets had acquired Brown, Burke, and Chriss for salary matching purposes as part of the trade sending Christian Wood to Dallas in June, but none were in Houston’s future plans.

Keeping those players into the 2022-23 regular season, which begins in under three weeks, would have been difficult because the NBA’s offseason roster limit of 20 players shrinks to 15 standard contracts and two two-way deals. Thus, Rockets general manager Rafael Stone was searching to make something of those assets before the roster deadline would force many (if not all) of those players to be released.

Of the four players acquired from the Thunder, only Favors — a veteran who could figure into Houston’s backup center mix — would seem to have a plausible path to rotation minutes this season. While Houston is likely to evaluate all or most in the upcoming preseason, the roster deadline is likely to force a handful of releases.

Beyond any value from Favors, now 31 years old, as a player, the primary trade benefits would appear to be his salary and the future second-round draft pick via Atlanta. At $10.2 million, Favors could potentially help the Rockets match salary in trades closer to the 2022-23 trade deadline next February, yet he only occupies one roster spot. To reach that figure prior to this trade, the Rockets would have had to commit multiple roster spots due to the smaller annual salaries.

Moreover, because the Rockets are taking in more money than they are sending out and reducing Oklahoma City’s potential luxury tax figure, the Thunder are compensating Houston with a future second-round draft pick and cash. In effect, the Rockets are buying a future pick by absorbing a contract from a team looking to shed payroll, similar to the 2024 second-round pick they got from Brooklyn last preseason in a deal involving Sekou Doumbouya, who was subsequently waived by the Rockets.

According to Kelly Iko of The Athletic, Houston’s newly acquired 2025 second-round pick via Atlanta is protected for picks 31-40. If that doesn’t convey, the Rockets would then receive the second-best 2026 second rounder between Dallas, Oklahoma City, and Philly (all are currently owned by the Thunder).

Scroll on for recent statistics of players involved in the trade, along with further analysis and reaction to the move.

Report: Thunder send Derrick Favors to Rockets in an 8-player deal

The Oklahoma City Thunder will send Derrick Favors to the Houston Rockets in a large deal that includes eight players.

The Oklahoma City Thunder are done wheeling and dealing as they continue with training camp on their way to preparing for the 2022-23 season.

The Thunder, who are rebuilding, made a large deal Thursday night in terms of players but a minor one in terms of impact. They are sending Derrick Favors, Theo Maledon, Moe Harkless, Ty Jerome and a 2025 second-round pick to the Houston Rockets for Trey Burke, David Nwaba, Marquese Chriss and Sterling Brown.

All in all, it’s more of a deal for salary cap relief. The Thunder gain two trade exceptions, and they drop roughly $10 million below the luxury tax. OKC also gains some intriguing players to continue their rebuild.

Favors was a respected veteran who was a nice presence for the youngsters. He averaged 5.3 points and 4.7 rebounds in 39 games in the 2021-22 season as he now heads to Houston where he could be moved again.

The Thunder had recently acquired Harkless in a trade earlier in the week while Jerome and Maledon will be looking for fresh starts with the Rockets.

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Trade aggregation date arrives for Rockets and players acquired in Christian Wood deal

As of this week, the Rockets can aggregate the salaries of Boban Marjanovic, Trey Burke, Sterling Brown and Marquese Chriss (acquired for Christian Wood) in potential trades.

Of the four players acquired from Dallas in the Christian Wood trade, which became official on June 24, only veteran center Boban Marjanovic reportedly has a potential future with the Houston Rockets. Yet, none of the other three (Trey Burke, Sterling Brown or Marquese Chriss) has been released in the nearly two months since.

There’s a good reason for that. With the NBA allowing each team expanded rosters of up to 20 players in the offseason and in training camp, there’s not much incentive for Rockets general manager Rafael Stone to rush into a release, since each of those players — Marjanovic at $3.5 million, Burke at $3.4 million, Brown at $3 million and Chriss at $2.2 million — has a salary that could be used to make the potential trade matching math work on hypothetical deals elsewhere.

By comparison, if Stone released those players, any new signings to those spots would not be able to be dealt until midway through the 2022-23 season. So, there’s minimal harm — and potentially a lot of upside — to delaying official transactions as long as possible. After all, it’s not as if the Rockets need any new signings to fill out their NBA roster, since they are already well stocked with options for the 15 standard contracts and two two-way deals allotted for the season.

A key date arrives this week. Once two months pass from the original transaction, each of those players (Burke, Brown, Chriss and Marjanovic) can be traded in combination with others. Before that, each player is eligible to be dealt individually, but not in a package. Given how small each salary is by itself, the aggregation route is far more realistic, in terms of potentially being of use to the Rockets.

This week the 60-day mark since the June 24 transaction will pass. At that time, trade options open for Stone and the Rockets.

It doesn’t guarantee anything will materialize. If it doesn’t, expect the Rockets to release at least three of those four players prior to training camp and use those roster spots for players whose G League rights Houston would like to retain for the club’s Rio Grande Valley affiliate. But the fact that none of those releases has happened suggests the Rockets at least want the option for something larger in the weeks leading up to 2022-23 training camp.

The transaction window will open shortly.

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Podcast: August 2022 Rockets financial update with David Weiner

NBA salary cap guru David Weiner (@BimaThug) joins our latest podcast with a Houston Rockets financial update covering the remainder of the 2022 offseason and 2023 free agency.

David Weiner, NBA salary cap guru for ClutchFans, joins Friday’s episode of “The Lager Line” podcast with a Houston Rockets financial update covering the remainder of the 2022 offseason and 2023 free agency.

Topics discussed between Weiner and our Ben DuBose include trade aggregation options in late August involving players acquired from Dallas for Christian Wood; what Houston’s 2023 salary flexibility could bring; rotation battles to watch at 2022-23 training camp; and much more.

The podcast also dives into the stalled NBA trade market based on uncertainty involving Kevin Durant in Brooklyn and Donovan Mitchell in Utah. Once those situations are resolved, it’s possible more deals could open up around the league for teams like the Rockets.

Friday’s full episode can be listened to below. Each episode of the show is also made available via flagship radio station SportsTalk 790 in Houston, as well as to all major podcast distributors under “The Lager Line.”

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Player salaries for Houston Rockets after 2022 NBA draft, free agency

The Rockets continue to prioritize salary cap flexibility for the 2023 offseason. Here’s where Houston’s roster stands, financially, after the 2022 NBA draft and the initial wave of free agency.

With each passing week, the Rockets are making it clear that salary cap flexibility in the 2023 offseason is a priority. Based on the team’s current books, the Rockets could theoretically have room to sign or trade for two maximum salaried players in 2023 free agency.

The Rockets traded veteran center Christian Wood without accepting any long-term money in the deal, and they opted to buy out veteran guard John Wall — who was entering the final year of his contract — rather than accept a trade that could have multi-year salaries in the deal. Houston general manager Rafael Stone appears similarly reluctant to accept longer-term salaries in trade talks involving Eric Gordon.

With that in mind, here’s where the roster stands, financially, after the 2022 NBA draft and the initial wave of free agency. Salaries are sorted by each player’s 2022-23 figure, in descending order.

(Note: This roster is larger than it will be in the regular season, since teams can roster up to 20 players in the offseason — as opposed to the usual limit of 15 standard contracts and two two-way contracts during the season. Thus, more roster moves are a certainty by mid-October.)

Meet the newest Rockets: Sterling Brown, Boban Marjanovic, Trey Burke, and Marquese Chriss

It’s not yet clear who will stick around, but for now, here’s a look at the four players headed from Dallas to Houston as part of the trade involving Christian Wood and a first-round draft pick.

The primary motivations for Wednesday’s trade sending Christian Wood from the Rockets to the Mavericks involved his contract situation, an apparent logjam for frontcourt minutes, and Dallas sending Houston the No. 26 overall pick in the first round of the 2022 NBA draft.

But for salary reasons, the Rockets did receive four players as well. And because it’s the offseason, which is when the NBA allows teams to have up to 20 players on each roster (up from 15 standard contracts during the regular season), Houston has time to decide its next move(s).

Clearly, no one in the group of Sterling Brown, Boban Marjanovic, Trey Burke, and Marquese Chriss is a foundational piece. Yet, each has had a spot in an NBA rotation before. In the case of Chriss (2018-19) and Brown (2020-21), each has played a previous season in Houston, as well.

Like Wood, none of those players has a contract beyond 2022-23. Thus, Houston’s foreseeable salary cap situation — above the cap this 2022 offseason, and potentially well below it in 2023 — is unchanged.

Time will tell as to whether each player is rerouted in a future offseason trade, waived, or kept as part of the 2022-23 roster in Houston. For now, here’s a look at what each player could have to offer.

Key takeaways as Rockets trade Christian Wood to Dallas for first-round draft package

In a trade primarily about the incoming draft asset, the Rockets dealt Christian Wood to Dallas for the No. 26 pick in the 2022 first round. Here’s a look at immediate reaction and takeaways.

In a trade primarily about the incoming draft asset, the Rockets are reportedly moving Christian Wood to Dallas for the No. 26 pick in the 2022 first round. With only one season left on his contract, Houston was widely expected to consider Wood trades during the 2022 offseason, as opposed to taking the risk of losing him for no compensation in 2023.

The deal will not be finalized until after the draft next Thursday, so as it stands now, Dallas will be picking for Houston at that spot.

Though Wood lead Houston in points and rebounds in 2021-22, his age (soon to be 27 years old) and contractual status aren’t in alignment with a young core consisting of Jalen Green, Kevin Porter Jr., and Alperen Sengun. All are on their rookie contracts and are 22 years old or younger.

Trading Wood to the Mavericks, where he will be paired with perennial MVP candidate Luka Doncic, presumably opens up the starting center spot for Sengun — who will be entering his second NBA season.

In two seasons with the Rockets, Wood averaged 19.1 points (50.7% FG, 38.4% on 3-pointers) and 9.9 rebounds in 31.4 minutes, though his defense was often called into question due to his slender frame.

To make the salary math work, since the Mavericks are over the NBA’s salary cap, the Rockets are reportedly taking in Marquise Chriss, Boban Marjanovic, Sterling Brown, and Trey Burke for salary matching purposes. Per Jonathan Feigen of the Houston Chronicle, the Rockets have not determined who (if any) from that group of role players will be kept. They don’t have to make an immediate decision, since the NBA allows expanded rosters of up to 20 players in the offseason.

All four newly acquired players have contracts expiring after the 2022-23 campaign at the latest (Burke has a player option this offseason), so the trade does not materially impact Houston’s salary cap situation. The Rockets were positioned to be above the salary cap in the 2022 offseason before the trade and with flexibility to create significant cap room in 2023, and that remains the case after this transaction.

The primary incoming asset for the Rockets is the fdraft pick at No. 26 overall from Dallas, which could be used to add another talented prospect — or it might help Houston to trade up a few spots from No. 17 in the first round, where they currently own Brooklyn’s pick.

Here’s a look at immediate reaction and takeaways.

Trey Burke signs deal with Dallas Mavericks

The former Michigan basketball standout is staying in Texas, it appears.

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Don’t call it a comeback.

Former Michigan Wolverine-turned-NBA journeyman, point guard Trey Burke, had a redux stint with the Dallas Mavericks and in the NBA playoff bubble, he made himself a frequent star of the show. Re-teamed with fellow alum Tim Hardaway Jr., Burke had himself a starring role coming off the bench, after he seemed destined to fall out of the league.

But now, he’s found a new home — or, rather, he’s staying put, as Dallas inked Burke to a three-year deal at the outset of NBA free agency. Thus, his second-stint in Dallas appears to be destined for a longer tenure, if everything goes to plan.

Burke’s previous stint in Dallas lasted not even a whole season, as he was a Maverick for 25 games in 2018-19 before heading for Toronto — a team he also played twice for.

The second time around on Mark Cuban’s team, Burke played in just eight games. He spent his first three seasons in Utah before joining the Wizards, then the Knicks, Toronto, New York again, Dallas, Toronto again, Philadelphia, then his current go-round in Texas.