Oklahoma City Thunder

The Thunder enter 2025-26 as a legitimate championship contender built around a locked-in core of Gilgeous-Alexander, Holmgren, and Jalen Williams, complemented by high-IQ veterans in Hartenstein and Caruso. Their elite defense, balanced offensive firepower, and depth position them atop the Western Conference, though they're already navigating second apron constraints with over $256M committed for 2026-27. The front office faces critical decisions on managing their war chest of draft capital while keeping the window open, as extensions and luxury tax realities will test their ability to maintain this roster's ceiling without sacrificing future flexibility.

2026-27 figures from Spotrac, refreshed weekly. View full cap sheet on the Salary Cap page.