Got all that? Good. As the Thunder have neither paid the tax nor gone above the second apron yet, this means they are still four taxpaying seasons away from the repeater penalty and three second apron seasons away from seeing a first-round pick drop to No. 30 overall. This begs the question of when that cycle will actually start for them.

Breaking: Oklahoma City Thunder All-NBA star and champion Jalen Williams has agreed to a five-year maximum rookie contract extension that could reach $287 million, agents Bill Duffy and Justin Haynes of WME Basketball told ESPN.

The NBA champion Oklahoma City Thunder have agreed a five-year contract extension worth up to $287 million with 24-year-old All-Star forward Jalen Williams, ESPN reported Thursday.ESPN cited Williams's agents in reporting the extension of Williams's rookie contract -- which makes the 24-year-old the latest key piece of Oklahoma City's title run to commit to the Thunder long-term.