SEPTEMBER 30: Both teams announced that the trade is now official. However, the terms of the deal are slightly different than previously reported. Instead of Atlanta’s protected 2025 second-round pick, the Rockets will receive a 2026 second-rounder from Oklahoma City. Houston will also receive cash considerations in the deal.
SEPTEMBER 29, 9:15pm: The Rockets intend to waive Jerome, according to Jonathan Feigen of The Houston Chronicle. Feigen adds that Favors and Maledon are considered the most likely among Houston’s new additions to claim spots on the 15-man regular season roster.
SEPTEMBER 29, 8:13pm: The Thunder have agreed to send center/power forward Derrick Favorsshooting guard You Jeromeforward Maurice Harklesspoint guard Theo Maledon and the Hawks’ 2025 second-round draft pick (top-40 protected) to the Rockets in exchange for athletic swingman David Nwaba, wing Sterling Brownpoint guard Trey Burke and power forward Marquise Chrissreports Adrian Wojnarowski of ESPN.
As Wojnarowski observes, Oklahoma City will create two trade exceptions in the deal. In pure salary terms, the exchange will help the Thunder get $10MM under the league’s punitive luxury tax cap threshold. Wojnarowski notes that Favors in particular is tradable among the returning players arriving in Houston, as a solid backup big man on an expiring $10.2MM salary.
The 6’9″ Favors, 31, spent most of the last decade as a key role player with several good playoff-bound Jazz teams. Last year with the Thunder, he appeared in just 39 games, averaging 5.3 PPG on 51.6% shooting, plus 4.7 RPG, across 16.7 MPG.
Jerome and Maledon are both young players on modest contracts with remaining upside potential. Harkless, like Favors, is a veteran on an expiring deal.
On the Rockets’ side of the transaction, Houston is acquiring a protected second-round draft pick and only have to take back an additional $1MM in salary, as Woj details.
According to Kelly Iko of The Athletic (via Twitter) if that Hawks 2025 second-rounder lands in the top 40 and is protected, Houston will instead receive the second-best of the Thunder’s, Mavericks’, and Sixers’ 2026 second-round picks.
Given that no. 2 draft picks Chet Holmgren has been ruled out for the year with a Lisfranc injury in his right foot, and with the best player in this new trade being sent away from the team, it appears the Thunder are once again prioritizing a year of youthful development, as they look to the 2023 draft lottery to build out their impressive young roster.
Oklahoma City added four rookies in the 2022 draft, including two additional lottery picks beyond Holmgren. The Thunder have been in full-on rebuild mode since the end of the 2019/20 season, winning a total of 46 games over the last two years.
Houston has also been in the asset-collection and draft lottery-targeting phase of its journey since 2020. The team went 37-127 from 2020-22. This year, the Rockets drafted an intriguing rookie power forward Jabari Smith with the third pick out of Auburn. They also made two other selections in the first round.
It appears unlikely that every player in this deal will be with their new clubs when the regular season opens. Bobby Marks of ESPN (via Twitter) notes that both teams will still have 18 guaranteed contracts on their books following this deal. Per league rules, they’ll each need to get down to 15 players by October 17.