Sources: Thunder acquiring Kevin Porter Jr., waiving him

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The Houston Rockets are trading guard Kevin Porter Jr. and two future second-round picks to the Oklahoma City Thunder, who are immediately waiving him, sources told ESPN on Tuesday.

The Rockets are getting Victor Oladipo and Jeremiah Robinson-Earl in the deal that will send a 2027 second-round pick via the Minnesota Timberwolves and a 2028 second-round pick via the Milwaukee Bucks to the Thunder, sources told ESPN.

Essentially, the deal allows the Thunder to gather up draft assets and requires them to pay the $16.9 million of guaranteed salary left on Porter's new four-year contract -- and saves the Rockets $5.5 million…