Thunder Journal: The Second Apron Storm
Let's take a step back from Summer League highlights for a little while. Currently, the Thunder are enjoying a rare moment in professional basketball. Oklahoma City possesses a legitimate championship-caliber core that still operates on very team-friendly deals. Shai Gilgeous-Alexander, Chet Holmgren, and Jalen Williams continue to make their marks on the NBA while the front office enjoys the luxury of financial breathing room.
However, the bill is coming. It always does.
This new era of the NBA brings with it a new kind of villain. Gone are the days of super-teams. These days, the biggest nemesis is the new Collective Bargaining Agreement. With rules specifically designed to break up deep, expensive rosters, professional basketball now lives in a world of greater parity, which is generally a very good thing. However, for Executive VP & GM Sam Presti, the financial reality facing the Thunder makes the "Second Apron" dictate almost every move the franchise makes.
Cap Clouds Forming
To fully understand the moves Oklahoma City is currently making, one has to look a few years ahead. The underlying driver of every action is the upcoming financial commitment to the three foundational stars.
First and foremost, there is SGA. An established MVP-caliber star, he already commands max money, and his upcoming extension will only increase his pay. His max designated veteran extension starts at 35% of the salary cap in 2027-28. Then, there are Chet and J-Dub. Both players are proven foundational assets deserving of max-level contracts. Playing into their max rookie extensions, both players will start taking up 25% of the team's cap this season.
Go ahead, do the math. The numbers are jaw-dropping. When their max extensions hit the books, those three players could eat up more than 85% of the Thunder's salary cap, leaving around 15% to fill the other 12 roster spots. In simplest terms, that is not ideal.
Once upon a time, a wealthy owner could pay the luxury tax and keep adding to a dominant team. Introducing the ever-frightful "Second Apron," the 2023 CBA completely changed the game. Set roughly $21.3 million above the standard luxury tax, the apron serves as a functional hard cap that removes fundamental roster-building tools from organizations.

The punishments for crossing the threshold are severe. First, the league can freeze a team's first-round picks. If a team finishes over the "Second Apron," they cannot trade their first-round pick seven years later. If they stay in the apron of doom for two of four years, that draft pick automatically moves to the end of the first round. Of course, this rule alone neutralizes Presti's bounty of draft capital.
Freezing the Books
Remarkably enough, it gets worse.
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