The Miami Heat have traded Victor Oladipo and draft to the Oklahoma City Thunder.

Oladipo is on a $9.45 million expiring contract. Oladipo previously played for the Thunder during the 16-17 season before he was traded to the Indiana Pacers for Paul George.

Oladipo suffered a torn patellar tendon in his left knee during the playoffs. 

Gabe Vincent and the Los Angeles Lakers have agreed to a three-year, $33 million deal.

Vincent played a key role in the run to The Finals by the Miami Heat. In 68 games, Vincent averaged 9.4 points, 3.2 rebounds and 2.5 assists in 25.9 minutes. Vincent is a career 33.9 percent three-point shooter. 

Vincent went undrafted out of UC Santa Barbara in 2018. 

According to Jake Fischer, the Heat never went above an annual value of $8 million on their offer to Vincent.

The Los Angeles Clippers and Miami Heat have emerged as potential suitors for a trade of James Harden, sources tell Shams Charania of The Athletic.

Harden exercised his $35.6 million player option with the Philadelphia 76ers after it became clear he wasn't in their long-term plans. The Sixers have already begun trade negotiations. 

Harden is not eligible for a contract extension.

The Indiana Pacers are considering a three-year, $48 million offer for Max Strus, sources tell Marc Stein of Substack.

The Pacers have more than $30 million in cap space this offseason.

Strus is likely to leave the Miami Heat this offseason due to the strong interest he's expected to receive at a figure of at least the $12.4 million midlevel exception. The Detroit Pistons and Orlando Magic have also been linked with Strus. 

“The amount of Max Strus buzz right now is ridiculous,” ESPN’s Zach Lowe said on a recent podcast. “Max Strus is getting the midlevel exception … All those teams are scared that someone with cap room is gonna beat that offer.”  

The Heat are considered more likely to re-sign Gabe Vincent than Strus.

Max Strus is expected to receive significant free agent interest above the full midlevel exception that results in his departure from the Miami Heat.

Strus has been linked with the Detroit Pistons, Indiana Pacers and Orlando Magic, who are three teams with cap space.

Other teams are working to get under the first tax apron to make the full $12.2 million MLE available. 

Strus is a career 37.1 percent three-point shooter.

Victor Oladipo exercised his $9.4 million player option with the Miami Heat for next season, sources told Adrian Wojnarowski of ESPN.

Oladipo averaged 10.7 points and 3.5 assists in 42 games last season. 

The Miami Heat will wait patiently to see if Damian Lillard decides to seek a trade from the Portland Trail Blazers this offseason, sources tell Barry Jackson of the Miami Herald. 

Lillard met with the Blazers on Monday and decided to give the front office more time to see if they can make roster upgrades to put them in a position of contention during the free agency period. While some teams took that development as one that will lead them to other options, the Heat view Lillard as "a player worth waiting for."

Lillard has already said he sees the Heat and Brooklyn Nets as two desirable teams to play for should he leave the Blazers.

Miami doesn't believe they are missing out on anything by waiting for Lillard. They will try to re-sign Gabe Vincent regardless of the Lillard situation. The Heat don't view Zach LaVine as an upgrade over Tyler Herro when factoring in the difference of salary and luxury tax.

The Heat won't need clarity until the end of August when they decide if they need to use the waive-and-stretch provision on Kyle Lowry or Victor Oladipo.

The Miami Heat are considering using the waive-and-stretch provision on Kyle Lowry if they are unable to trade him, sources tell Barry Jackson of the Miami Herald.

Lowry is due $29.7 million next season in the final year of his three-year, $85 million deal signed with the Heat in 2021.

If the Heat use the provision on Lowry, he would count against their cap at $9.9 million each of the next three seasons. Miami’s 2023-24 salary cap commitments would shrink from $178.5 million to $158.5 million, below the $165 million tax line and the $182.5 million second apron.

The waive-and-stretch provision must be used before Sept. 1.

The Heat have hoped to use Lowry in a trade for Damian Lillard.

Damian Lillard has "serious interest" in a trade to the Miami Heat if he decides he would like to move on from the Portland Trail Blazers, reports Sam Amick of The Athletic.

Lillard has $216 million over four seasons remaining on his contract, which Amick writes will be a factor in Lillard ensuring he is traded to a situation that is to his liking.

In an offseason interview, Lillard talked about playing with the Heat as a hypothetical due to his friendship with Bam Adebayo.

The Heat have enough assets to put together a competitive offer for Lillard if he becomes available. The Brooklyn Nets are widely viewed as the other realistic trade destination for Lillard. 

The San Antonio Spurs selected Victor Wembanyama with the first overall selection in the 2023 NBA Draft. The Charlotte Hornets selected Brandon Miller with the second pick, while the Portland Trail Blazers at No. 3.

First Round

1. San Antonio Spurs: Victor Wembanyama

2. Charlotte Hornets: Brandon Miller

3. Portland Trail Blazers: Scoot Henderson

4. Houston Rockets: Amen Thompson

5. Detroit Pistons: Ausar Thompson

6. Orlando Magic: Anthony Black

7. Washington Wizards (via Pacers): Bilal Coulibaly 

8. Indiana Pacers (via Wizards): Jarace Walker

9. Utah Jazz: Taylor Hendricks

10. Oklahoma City Thunder (via Mavericks): Cason Wallace

11. Orlando Magic: Jett Howard

12. Dallas Mavericks (via Thunder): Dereck Lively

13. Toronto Raptors: Gradey Dick

14. New Orleans Pelicans: Jordan Hawkins

15. Atlanta Hawks: Kobe Bufkin

16. Utah Jazz: Keyonte George

17. Los Angeles Lakers: Jalen Hood-Schifino

18. Miami Heat: Jaime Jaquez Jr.

19. Golden State Warriors: Brandin Podziemski

20. Houston Rockets: Cam Whitmore

21. Brooklyn Nets: Noah Clowney

22. Brooklyn Nets: Dariq Whitehead

23. Portland Trail Blazers: Kris Murray

24. Dallas Mavericks (via Kings): Olivier-Maxence Prosper

25. Detroit Pistons (via Celtics): Marcus Sasser

26. Indiana Pacers: Ben Sheppard

27. Charlotte Hornets: Nick Smith Jr.

28. Utah Jazz: Brice Sensabaugh

29. Indiana Pacers: Julian Strawther

30. Los Angeles Clippers: Kobe Brown

Second Round

31. Charlotte Hornets: James Nnaji

32. Denver Nuggets: Jalen Pickett

33. Minnesota Timberwolves: Leonard Miller

34. Sacramento Kings: Colby Jones

35. Chicago Bulls: Julian Philips

36. Milwaukee Bucks: Andre Jackson Jr.

37. Denver Nuggets (via Thunder): Hunter Tyson

38. Boston Celtics: Jordan Walsh

39. Atlanta Hawks: Mouhamed Gueye

40. Los Angeles Lakers: Max Lewis

41. Charlotte Hornets: Amari Bailey

42. Washington Wizards: Tristan Vukcevic

43. Portland Trail Blazers: Rayan Rupert

44. San Antonio Spurs: Sidy Cissoko

45. Memphis Grizzlies: GG Jackson 

46. Atlanta Hawks: Seth Lundy 

47. Indiana Pacers: Mojave King 

48. Los Angeles Clippers: Jordan Miller

49. Cleveland Cavaliers: Emoni Bates

50. Oklahoma City Thunder: Keyontae Johnson

51. Brooklyn Nets: Jalen Wilson

52. Phoenix Suns: Toumani Camara

53. Minnesota Timberwolves: Jaylen Clark

54. Sacramento Kings: Jalen Slawson

55. Indiana Pacers: Isaiah Wong

56. Memphis Grizzlies: Tarik Biberovic

57. Golden State Warriors: Trayce Jackson-Davis

58. Milwaukee Bucks: Chris Livingston