In a salary-cap maneuver, the Miami Heat are trading injured guard Victor Oladipo and draft compensation to the Oklahoma City Thunder, ESPN's Adrian Wojnarowski reports.
With the move, the Thunder acquire Oladipo's expiring $9.45 million contract for nothing in return. The Heat gain a corresponding $9.45 million trade exception in the deal.
The exception allows the Heat to take on up to $9.45 million in salary via trade that won't count against the salary cap or luxury tax calculation. They already have a $4.7 million exception after trading Dewayne Dedmon to the San Antonio Spurs in February.