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The Miami Heat are trading Victor Oladipo and draft compensation to the Oklahoma City Thunder, who will absorb his $9.45 million expiring contract, sources told ESPN’s Adrian Wojnarowski on Friday.

Miami creates a trade exception of $9.45 million with the deal.

Oladipo, who earlier this week exercised his option for the 2023-24 season, tore his left patellar tendon during the first round of the playoffs against Milwaukee in April. He underwent his third major surgery in the past four years — the other two were on his right knee area — and there is no timetable for his return.

He’s well-regarded in the Thunder organization from the one season he spent in Oklahoma City (2016-17).

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 appeared in just eight regular-season games in the 2021-22 season while recovering from a second surgery to repair his right quadriceps tendon. He got into 15 playoff games for Miami in 2022, then agreed on a two-year deal to stay with the Heat last summer.

He played in 42 games this season with Miami, his most in any regular season since 2017-18.

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Sources – Thunder acquiring Victor Oladipo in trade with Heat