OKC Thunder NBA free agency 2025: Tracking latest trade rumors, updates around NBA

Oklahoma City's Jaylin Williams (6) and Luguentz Dort (5) celebrate with general manager Sam Presti after winning Game 7 of the NBA Finals between the Oklahoma City Thunder and the Indiana Pacers at Paycom Center in Oklahoma City, Sunday, June 22, 2025.

Perhaps no team in the NBA will have a more quiet free agency period than the reigning champion Oklahoma City Thunder.

General manager Sam Presti and the Thunder enter the offseason without an open roster spot or a key need to address in free agency.

The biggest items on Presti's to-do list are internal as stars Shai Gilgeous-Alexander, Jalen Williams and Chet Holmgren are extension eligible.

What is NBA salary cap for the 2025-26 season?

The NBA announced on June 30 that salary cap for the 2025-26 season will be $154.647 million with a tax level of $187.895 million, going into effect at 12:01 a.m. ET on Tuesday, July 1.

Other key numbers:

• The minimum team salary is $139.182 million.
• The first apron level is $195.945 million.
• The second apron level is $207.824 million.
• The non-taxpayer mid-level exception is $14.014 million, while the taxpayer mid-level is $5.685 million and the mid-level for a team under the cap is $8.781.

Ajay Mitchell agrees to three-year contract with Thunder

June 29: The Thunder and guard Ajay Mitchell reportedly agreed to a three-year contract for nearly $9 million after a promising rookie season for the second-round draft pick out of UC Santa Barbara.

Jaylin Williams signs three-year contract to stay with Thunder

June 29: Backup center Jaylin Williams signed a three-year, $24-million contract to remain with the Thunder. The former 2022 second-round pick out of Arkansas posted three triple-doubles last season. He averaged 5.9 points, 5.6 rebounds and 2.6 assists this past season.

Thunder trades 2024 first-round pick Dillon Jones to Wizards

June 28: Just one year after the Thunder had moved up in the draft to select him, Dillon Jones was on the move to the Wizards. OKC traded Jones along with a 2029 second-round pick to Washington for Colby Jones, who was immediately waived.

When does NBA free agency start?

NBA players and teams can begin coming to terms on a contract starting at 5 p.m. CT Monday, June 30, but contracts are not official until July 6.

What does the OKC Thunder roster look like? Does the Thunder have any open roster spots for the 2025-26 season?

After trading Dillon Jones to the Washington Wizards on June 28, the Thunder appears set to have 15 players on a standard contract entering the 2025-26 season.

The Thunder entered the offseason with 13 players under contract, but OKC is signing restricted free agents Jaylin Williams and Ajay Mitchell while parting ways with Jones.

First-round draft pick Thomas Sorber would likely fill the 15th spot, while second-round pick Brooks Barnhizer would appear to be bound for one of OKC's three two-way roster spots.

Predicting OKC Thunder 15-man roster

• Shai Gilgeous-Alexander: The reigning NBA MVP is under contract for two more seasons, but he is eligible for the supermax extension this offseason.
• Alex Caruso: If you were to do a power ranking of the Thunder's most important players in the 2025 NBA Playoffs, you wouldn't have to count too far to get to Caruso. Trading guard Josh Giddey to the Bulls for Caruso last offseason might end being one of the most notable win-win trades in recent NBA history. Caruso, of course, helped guide the Thunder to its first title and signed a contract extension in December. He's entering Year 1 of a four-year, $81-million deal.
• Ousmane Dieng: An overlooked piece of the Thunder's 2022 draft, Dieng has starred for the OKC Blue in the G League but has only played 109 games in the NBA. He's entering the final year of his four-year, $21-million rookie contract. He is eligible for an extension.
• Luguentz Dort: The All-Defensive First Team player is entering Year 4 of a five-year, $82-million contract. He can be an unrestricted free agent before the 2027-28 season.
• Isaiah Hartenstein: The Thunder center was the team's big free-agent splash last offseason, when he signed a three-year, $87-million deal with OKC. Hartenstein can become an unrestricted free agent before the 2027-28 season.
• Chet Holmgren: The former No. 2 overall pick, Holmgren is entering the fourth and final year of his $44.9-million rookie contract. He is eligible for an extension.
• Isaiah Joe: The 25-year-old guard from Fort Smith, Arkansas, is entering Year 2 of a four-year, $48-million contract he signed last offseason.
• Ajay Mitchell: The second-round guard from UC Santa Barbara looked very impressive as a rookie before being shut down for a long stretch due to injury. He agreed to a three-year contract for about $9 million on June 29.
• Thomas Sorber: The rookie big man from Georgetown could be a long-term replacement for Hartenstein.
• Nikola Topic: A draft lottery pick in 2024, Topic sat out all of last season while recovering from a torn ACL. Topic is entering Year 2 of a four-year, $23-million deal that would have him enter restricted free agency ahead of the 2028-29 season.
• Cason Wallace: Another former lottery pick, the 21-year-old guard out of Kentucky is entering Year 3 of a four-year, $24-million contract. Wallace can enter restricted free agency ahead of the 2027-28 season.
• Aaron Wiggins: The former Maryland guard is primed to keep saving basketball for the Thunder for the foreseeable future, thanks to a five-year, $45-million contract he signed last offseason.
• Jalen Williams: A first-time NBA All-Star this past season, Williams is entering the final year of his four-year, $20.3-million rookie contract. He is eligible for a contract extension.
• Jaylin Williams: The 23-year-old forward from Fort Smith, Arkansas, became a fan favorite in his first three seasons with the Thunder (and that was before his championship speech). The team declined his option to agree to a new three-year, $24-million deal on June 29.
• Kenrich Williams: The 30-year-old power forward is entering Year 3 of a five-year, $27.2-million contract. There is a club option for the 2026-27 season.

OKC Thunder two-way roster spots

Branden Carlson, Alex Ducas and Adam Flagler are each restricted free agents after being on a two-way deal, according to Spotrac.

Teams can carry 20 players on the roster in the offseason.

Jeff Patterson is the sports editor for The Oklahoman. Have a story idea for Jeff? He can be reached at [email protected] or on X/Twitter at @jeffpattOKC. Support Jeff's work and that of other Oklahoman journalists by purchasing a digital subscription today at subscribe.oklahoman.com.