OKLAHOMA CITY, February 18, 2009 – Oklahoma City Thunder Executive Vice President and General Manager Sam Presti announced today that the team has rescinded its trade with the New Orleans Hornets for center Tyson Chandler. The Thunder and the Hornets agreed on the deal, pending a physical, that would have sent Chandler to the Thunder in exchange for forward Joe Smith, forward Chris Wilcox and the draft rights to DeVon Hardin.

“We were pleased to add Tyson to the Thunder roster,” said Presti. “During the course of the physical examination and outside consultations some questions arose that gave us cause for concern. We felt that this course of action was the best for our organization.”