2023–24 Oklahoma City Thunder season

The Thunder became the youngest team to earn the 1-seed since seeding began in 1984 (with an average age almost two years younger than the previous record holder, the 2004–05 Phoenix Suns).

In their third year of the rebuild, the Thunder exceeded their win expectations behind the All-Star play of Shai Gilgeous-Alexander, second-year guard Josh Giddey and rookie Jalen Williams.

Gilgeous-Alexander broke out for the Thunder averaging a career-high 31.4 points, becoming one of the league's top scorers and notched his first All-Star selection.

[4] With Giddey and Williams also breaking out as scorers, the Thunder improved offensively and were fifth in points per game as a team after finishing last in the league last season.

[5] In his rookie season, Jalen Williams—the 12th pick in the 2022 NBA draft—led the team in field goal percentage at 52.1% while averaging 14.1 points, 4.5 rebounds, 3.3 assists and 1.4 steals a game.

[6] Williams finished the season winning two Western Conference Rookie of the Month and was named to the All-Rookie First Team.

[7] Finishing tenth place in the Western Conference, the Thunder held the final play-in spot, seeing their first postseason action since the 2019–20 season.

Since retiring, Collison has served a position within the Thunder's front office, recently being named an amateur evaluation scout.

[14] The Thunder's other second-round pick, originally from the Washington Wizards via New Orleans Pelicans from the Steven Adams trade, landed at 37th overall.

Coming out of Kentucky after his freshman year, Wallace averaged 11.7 points, 3.7 rebounds, 4.3 assists and 2.0 steals—landing him on the SEC All-Freshman Team.

[23] The Thunder also declined to extend a qualifying offer to Jared Butler and Olivier Sarr, making them both an unrestricted free agent.

[36] The Thunder then re-routed Mills to the Hawks in exchange for Usman Garuba, Rudy Gay and TyTy Washington Jr., and a 2026 second-round pick.

Starting off as an intern, Dawkins served as one of the vice president of basketball operations, sharing the title with Rob Hennigan.

[43] During the Thunder's 2023 Draft Press Conference, Presti said Hennigan would remain as the only vice president of basketball operations for the season following Dawkins' departure.

[44] On July 19, the Thunder announced that head coach Mark Daigneault signed a multi-year contract extension.

During an offseason workout, Aleksej Pokuševski sustained a small right humerus fracture and would be re-evaluated in approximately four to six weeks.

[47] Rookie Cason Wallace, who was acquired from the Dallas Mavericks, did not participate due to the trade not being official until July 6.

Rookie Cason Wallace was eligible to participate after missing Salt Lake City Summer League due to his trade.

Making his preseason debut after missing the 2022–23 season, Chet Holmgren faced off against Victor Wembanyama, the 1st overall pick in the 2023 NBA draft.

Gilgeous-Alexander joins Kevin Durant, Russell Westbrook, and Paul George as the fourth different Thunder player to be named an All-Star starter.

The Thunder traded Dāvis Bertāns, Tre Mann, Vasilije Micić, two second-round picks, and cash considerations to the Hornets in exchange for Gordon Hayward.

Waters III, who originally was on a standard contract before being waived to a two-way, appeared in 21 games for the Thunder and averaged 2.8 points while shooting 41.9% from three.

[58] To fill in the open two-way slot, the Thunder signed Adam Flagler who spent the 2023–24 season with the Oklahoma City Blue after going undrafted in the 2023 NBA draft.

Pokuševski enjoyed his best year during the 2022–23 season, averaging 8.1 points and 1.3 blocks while shooting a career-high 43.4% from the field and 36.5% from three in 34 appearances.

[62] After waiving Pokuševski, the Thunder signed Mike Muscala to the last roster spot after being bought out by the Detroit Pistons.

[64][65] During the in-season tournament period, the Thunder competed in Group C of the Western Conference, which included the Sacramento Kings, Golden State Warriors, Minnesota Timberwolves and San Antonio Spurs.

Entering the playoffs as the third seed, the Blue defeated Rio Grande Valley Vipers in the first round in a 126–125 overtime win behind Ousmane Dieng's game winner.

Thunder assignment Ousmane Dieng was named NBA G League Finals MVP after scoring 25 points, 6 rebounds, 4 assists, and 2 blocks.