The Oklahoma City Thunder have waived two-way guard Otega Oweh, clearing a roster spot after agreeing to terms with wing Micah Peavy on a two-way contract.
The move ends the brief professional tenure of the 23-year-old, who was selected 41st overall in the 2026 NBA Draft by the Miami Heat and immediately traded to Oklahoma City.
Oweh’s time with the organization was cut short by a ruptured right Achilles tendon suffered during a preseason victory over the Indiana Pacers on October 12. He underwent surgery roughly ten days later and was ruled out for the entire 2026-27 season.
Before the injury, Oweh had shown flashes in limited preseason action while occupying one of the Thunder’s two-way slots alongside Brooks Barnhizer and Josh Dix.
A 6-foot-4 shooting guard from New Jersey, he arrived in the NBA after a productive college career that began at Oklahoma and flourished following a transfer to Kentucky.
As a senior with the Wildcats, he averaged 18.6 points, 4.8 rebounds, 2.7 assists and 1.8 steals across 36 games while shooting 46.5 percent from the field.
He earned second-team All-SEC honors and became known for his physicality, defensive instincts and ability to attack the rim.
One of the lasting images from his final college season came in the NCAA Tournament, when Oweh banked in a deep three-pointer at the buzzer to force overtime against Santa Clara.
He finished that game with a career-high 35 points, eight rebounds and seven assists, helping Kentucky advance before a second-round loss to Iowa State.
Those moments, combined with consistent scoring production and two-way potential, had elevated his draft stock after he spent his first two seasons at Oklahoma averaging more modest numbers.
The waiver stems from practical roster math. Peavy, selected 40th overall in 2025, spent his rookie year with the New Orleans Pelicans before being traded to the Memphis Grizzlies and subsequently released.
A defensive-minded 6-foot-7 wing who averaged 17.2 points and a Big East-leading 2.3 steals as a super senior at Georgetown, Peavy offers Oklahoma City a healthy perimeter option who can split time between the NBA roster and the G League affiliate.
With Oweh sidelined for the year, retaining him on a two-way deal would have limited the Thunder’s flexibility for the remainder of the season.
For Oweh, the setback arrives at a particularly difficult moment. Second-round selections already face long odds to secure stable NBA roles, and a major Achilles injury further complicates his path.
While he retains restricted free-agency rights if he remains unsigned for the full season, his immediate future will center on rehabilitation rather than competing for minutes.
The Thunder, deep on the wing and focused on maximizing their two-way slots, opted for the available body in Peavy. Oweh’s professional career, which lasted only a handful of preseason appearances after a memorable college finish, now enters an uncertain recovery phase.
