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The Oklahoma City Thunder have traded forward Serge Ibaka to the Orlando Magic, in exchange for Victor Oladipo, Ersan Ilyasova, and the draft rights to Domantas Sabonis, just picked in this year's draft by the Magic out of Gonzaga.

Ibaka had one year left on his contract and was set to be paid over $12 million next year by OKC.

The move would free up a good amount of money that could be used to re-sign Kevin Durant.

Thunder general manager Sam Presti issued a statement about the trade:

“Tonight represented an opportunity to build the versatility, depth and skill of our basketball team. Victor, Ersan and Domantas represent the character, work ethic and toughness that we relentlessly pursue with the Thunder. Through the continued emergence and development of our core, we were able to capitalize on the opportunity to acquire three highly skilled professionals,” said Presti. “I want to acknowledge Serge for his contributions to the ongoing legacy of the Thunder. He has been integral to our success and growth, has been a great community member and we wish him only the best.”

Ibaka was drafted in the first round by the Thunder in 2008 and played seven of his NBA seasons in OKC.

Oladipo has been with the Magic for three years, but the Thunder wanted to try to draft him in 2013.

Oladipo is a 6-4 guard from Indiana, who made the NBA's All-Rookie Team in 2014.

Ilyasova is a 6-10 forward from Turkey, who is an eight-year veteran and was just traded to Orlando from Detroit in February of this year.

Sabonis is 6-11 out of Gonzaga, and the son of former NBA star Arvydas Sabonis.

His skills for his size are very versatile and it would give OKC another young post player with high potential.

Late in the second round, the Thunder also acquired the rights to Daniel Hamilton from Connecticut, who was chosen by the Denver Nuggets with the 56th overall pick in the second round.