Report: Thunder trading Jerami Grant to Nuggets for first-rounder

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Raise the alert level on the Thunder trading Russell Westbrook.

This doesn’t prove anything about Westbrook. It doesn’t match the significance of Oklahoma City shipping Paul George to the Clippers.

But the Thunder are moving ahead in a teardown by trading Jerami Grant to the Nuggets for a draft pick.

Adrian Wojnarowski of ESPN:

Grant (due $9,346,153 next season and holding a player option for the same salary the following year) was too expensive for Oklahoma City’s liking. It’s impossible to evaluate the trade fully without knowing the protections, but getting a first-rounder looks nice for the Thunder given where they are in team-building.

Considering Oklahoma City must replace Grant on the roster and projecting that to be with a minimum-salary free agent, this trade puts the Thunder in line to save $29,710,941 in salary and luxury tax next season. The tax isn’t assessed until the final day of the regular season, so there’s plenty of time for that number to change.

The Thunder are now just $3,695,790 into the tax (counting that minimum-salary free agent), and they face the repeater rate. I’d be shocked if they don’t avoid the tax entirely.

Oklahoma City’s spending limitations are Denver’s gains.

Grant can play all three frontcourt positions. He gives the Nuggets someone capable of defending bigger wings now and maybe replacing Paul Millsap as starting power forward down the road. Both are important as Denver looks to continue its ascension around Nikola Jokic, Jamal Murray and Gary Harris.

The 25-year-old Grant has been up-and-down 3-point shooter in his career, but he has generally trended in the right direction. He made a career-high 39% of his 3s last season. If he maintains that, this will be an excellent addition. If not, the Nuggets will still welcome his defensive versatility and overall activity.

Denver has sat on the mid-level exception despite having the ability to use it in full and remain out of the tax. The Nuggets will use a trade exception to acquire Grant, leaving the mid-level exception available. But using it now would push Denver into the tax. Would ownership greenlight that?

The Nuggets are one of several teams that should believe they have a chance to win a title next season. Star talent is dispersed. This should be the time to spend, though the market for free agents worth the mid-level exception is shrinking fast.

One team no longer in the championship chase: Oklahoma City. The Thunder can can remain competitive with Westbrook, Danilo Gallinari (who’ll take Grant’s spot at starting power forward), Steven Adams, Shai Gilgeous-Alexander and Andre Roberson (if healthy). But if immediate competitiveness were the goal, the Thunder wouldn’t have traded Grant for a draft pick. They clearly have other aims.