Steve Novak's agent says the Denver Nuggets have agreed to send shooting guard Randy Foye to the Oklahoma City Thunder for Novak and D.J. Augustin.
Mark Bartelstein confirmed the deal on Thursday.
The Thunder have lacked a consistent scoring threat at shooting guard. Foye, 32, is a combo guard who averaged 6.0 points as a reserve for the Nuggets this season, but 13.2 points per game in 2013-14 with 78 starts.
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Augustin started the season as Russell Westbrook's backup, but played less as 2015 first-round draft pick Cameron Payne emerged.
The 28-year-old has averaged 9.7 points and 3.9 assists for six teams in eight seasons.
Novak, in his 10th year in the NBA, played in seven games this season, averaging 2.4 points and 0.6 rebounds per contest.
The veteran forward is a career 43 percent 3-point shooter who has played for eight teams, with the Jazz, Raptors and Knicks being his last three sides before he moved to OKC.
Thanks to the deal, the Thunder saves $8 million in luxury taxes, with the franchise's tax bill dropping to $14 million from $22.1 million. The move also opens a roster spot for Oklahoma City.