Waters III makes his return to OKC after his $1.9 million team option for the 2023-24 season was previously declined in June. He returns to his two-way status after he signed a standard deal in February.
This means that Waters III will play for the Thunder for a third consecutive season. He initially signed on as a two-way player during the 2021-22 season after he went undrafted in the 2020 NBA draft.
In two seasons, Waters III averages 6.3 points on 39.9% shooting and 2.2 rebounds. He also shot 35.6% from 3 on 4.7 attempts.
Two of OKC’s three two-way spots are now occupied — second-round rookie Keyontae Johnson is the other two-way player on the roster.