Thunder Sign Micah Peavy to Two-Way Contract
The move likely frees a two-way roster spot that will remove injured rookie Otega Oweh, with Peavy set to split time between the Thunder and the OKC Blue for development.
Overview
- Micah Peavy agreed to a two-way deal with the Oklahoma City Thunder on Friday, according to reports from ESPN’s Shams Charania and HoopsHype’s Michael Scotto.
- Adding Peavy requires the Thunder to clear one of their three two-way slots currently held by Brooks Barnhizer, Josh Dix and Otega Oweh, and Oweh is the most likely player to be waived.
- Otega Oweh suffered a season-ending ruptured Achilles tendon in a preseason game and will miss the 2026-27 season while he rehabs after surgery.
- Peavy was the No. 40 pick in the 2025 draft, averaged 4.3 points and 1.9 rebounds in 61 games as a rookie with New Orleans, and was traded to Memphis before being waived on Oct. 19.
- The two-way deal means Peavy will be available for limited NBA activations under the league’s two-way rules and is expected to spend significant minutes with the OKC Blue as a defensive wing development piece.