Heat trade Victor Oladipo to Thunder

Victor Oladipo averaged 10.7 points and 3.5 assists per game for the Heat in 2022-23.

The Miami Heat have traded Victor Oladipo and two future second-round Draft picks to the Oklahoma City Thunder, per the teams.

Oklahoma City receives: 

• Victor Oladipo
• 2029 second-round pick
• 2030 second-round pick

Miami receives:

• Trade exception

OFFICIAL: The Miami HEAT have acquired a trade exception from the Oklahoma City Thunder in exchange for Victor Oladipo and second round picks in 2029 and 2030.

— Miami HEAT (@MiamiHEAT) July 6, 2023

Thunder Acquires Victor Oladipo and Two Second-Round Draft Picks

| https://t.co/ZvvOVRxdp6 pic.twitter.com/nwI4plazME

— OKC THUNDER (@okcthunder) July 6, 2023

The move will create a $9.45 million trade exception for the Heat, said a source, who spoke to The Associated Press on condition of anonymity before the trade had been finalized by the NBA. It also provides some financial flexibility for Miami, which is well over the tax threshold for the coming season.

Last season, Oladipo averaged 10.7 points, 3.0 rebounds, 3.5 assists and 1.4 steals per game in 26.3 minutes per game as a reserve for the Heat.

Oladipo exercised his option on Tuesday to be under contract for the coming season, though it is unclear when he’ll next be able to play. He tore his left patellar tendon during the first round of the playoffs against Milwaukee in April.

The 31-year-old guard underwent his third major surgery in the last four years — the other two were on his right knee area — and there is no timetable for his return.

Oladipo was a two-time All-Star with Indiana before getting hurt in January 2019. Indiana traded him to Houston in January 2021. The Rockets traded him to Miami two months later; he played four games in March 2021 with the Heat before getting hurt again.

Oladipo averaged 15.9 points with the Thunder in the 2016-17 season. He spent his first three years in Orlando, then had a year in Oklahoma City before moving on to Indiana.

Information from The Associated Press was used in this report.