According to the Associated Press and several other reports, Lamb was dealt from the Houston Rockets to the Oklahoma City Thunder Saturday as part of a deal that included Sixth Man of the Year James Harden. Oklahoma City was unable to finalize an extension with Harden and dealt him to Houston in a deal that changes the core lineup for the Western Conference champions.
According to the AP, the Thunder acquired guards Kevin Martin and Lamb, two first-round picks and a second-round pick in the deal that was completed Saturday night. Oklahoma City also sent center Cole Aldrich, and forwards Daequan Cook and Lazar Hayward to Houston.
Harden's situation had been hanging over the Thunder since the beginning of training camp. And Oklahoma City faced and Oct. 31 deadline to extend Harden or allow him to become a restricted free agent.
"We wanted to sign James to an extension, but at the end of the day, these situations have to work for all those involved. Our ownership group again showed their commitment to the organization with several significant offers," Thunder general manager Sam Presti said in a statement.
"We were unable to reach a mutual agreement, and therefore executed a trade that capitalized on the opportunity to bring in a player of Kevin's caliber, a young talent like Jeremy and draft picks, which will be important to our organizational goal of a sustainable team."
Lamb joins the small-market success story with the Thunder, which already signed Kevin Durant, Russell Westbrook and Serge Ibaka to long-term deals.
The Thunder got back a good scorer in Martin, who has averaged 18.4 points in his eight NBA seasons, and Lamb, the No. 12 pick in the draft who helped UConn win the 2011 NCAA championship and left the Huskies after his sophomore season.