Paul Watson: Forward has reportedly signed two-way contract with Oklahoma City Thunder

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Paul Watson, Toronto Raptors, Oklahoma City Thunder signing

Paul Watson is reportedly set to join the Oklahoma City Thunder organization.

According to Kelsea O'Brien of Basketball News, Watson has signed a two-way contract with the Thunder for the 2021-22 NBA season.

Per terms of a two-way contract, Watson will split time with the Thunder and the franchise's G League affiliate, the Oklahoma City Blue, during the upcoming season. As voted upon by the NBA's Board of Governors, each two-way player will be paid a flat salary equal to 50 percent of the minimum player salary applicable to a player with zero years of service.

Watson will be permitted to be on the Thunder's active list for no more than 50 games during the regular season.

Watson, 27, is set to end his third NBA season after spending the past two seasons with the Toronto Raptors organization.

In the 2020-21 season, Watson appeared in 27 games, posting averages of 4.1 points and 1.7 rebounds while knocking down just over one triple a game at a 46.9 percent clip. In a victory over the Orlando Magic on April 16, Watson scored a career-high 30 points while shooting 10-for-13 from the field and 8-for-11 from beyond the arc.

The report of Watson's signing comes just a month after the Raptors waived him on Aug. 3.

Watson brings size and shooting to a Thunder team that continues to rebuild after finishing 22-50 during the 2020-21 season.

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Gilbert McGregor is an NBA content producer for The Sporting News.