Report: OKC Thunder signs Aaron Wiggins to five-year, $47 million deal

Apr 21, 2024; Oklahoma City, Oklahoma, USA; Oklahoma City Thunder guard Aaron Wiggins (21) gestures after scoring a three-point basket against the New Orleans Pelicans during the second quarter of game one of the first round for the 2024 NBA playoffs at Paycom Center. Mandatory Credit: Alonzo Adams-USA TODAY Sports

The Oklahoma City Thunder have signed Aaron Wiggins to a five-year, $47 million deal, per The Athletic's Shams Charania. This comes two days after OKC declined his cheap team option for next season.

The Thunder have locked down one of their key rotation pieces over the last three seasons. The 25-year-old has worked up to being a backup wing for OKC after being drafted with the No. 55 pick of the 2021 NBA draft.

This is a great value extension for the Thunder as Wiggins is one of the better backup forwards in the league. To get him at a bargain rate means OKC keeps a key bench piece.

In 78 games last season, Wiggins averaged 6.9 points on 56.2% shooting, 2.4 rebounds and 1.1 assists. He shot 49.2% from 3 on 1.6 attempts.

OKC also re-signed Isaiah Joe to a similar deal after it declined his cheap team option for next season.

This article originally appeared on OKC Thunder Wire: Report: OKC Thunder signs Aaron Wiggins to five-year, $47 million deal