What happened: Free agent wing Kenrich Williams has agreed to return to the Oklahoma City Thunder on a one-year, $5 million contract, according to league sources. The deal keeps the veteran forward in Oklahoma City after he had reached free agency earlier this offseason.

Why it matters: Williams returns just days after the Thunder declined his $7.2 million option, sending him to free agency — a maneuver that trimmed the team's tax bill while keeping the door open for a cheaper reunion. Retaining a switchable, playoff-tested wing preserves frontcourt depth as Oklahoma City sets its rotation for the 2026-27 season.

What to watch: Watch for the deal to become official once the offseason moratorium lifts and for how Williams fits into Oklahoma City's projected rotation for 2026-27.