Hunter Tierney Jun 3, 2025 13 min read

Small Markets, Big Statement: Thunder-Pacers Finals Preview

Mar 12, 2024; Oklahoma City, Oklahoma, USA; Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) drives to the basket beside Indiana Pacers guard Tyrese Haliburton (0) during the first quarter at Paycom Center.
Credit: Alonzo Adams-Imagn Images

Nobody had this circled in October. Not even the great people of both Oklahoma City and Indiana. But here we are: Thunder vs. Pacers for the NBA championship. Two teams that didn’t just crash the party — they kicked down the door and made themselves at home. No bloated payrolls or superteams. Just two squads that play fast, play hard, and play together. And now, one of them is about to win it all.

The Thunder have looked like a well-oiled machine all season long, a young squad that plays beyond its years and takes pride in suffocating defense and smart, efficient offense. The Pacers have been this postseason’s most resilient bunch, catching fire at just the right time behind a fearless group that refuses to back down.

The Scenic Route

May 28, 2025; Oklahoma City, Oklahoma, USA; Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) celebrates with Magic Johnson West Conference Finals MVP trophy after defeating the Minnesota Timberwolves in game five to win the western conference finals for the 2025 NBA Playoffs at Paycom Center.
Credit: Alonzo Adams-Imagn Images

Oklahoma City: The Blueprint Comes to Life

Oklahoma City racked up 68 wins, posted the best net rating the league’s seen in a decade, and built a defense so connected that no one had any answers for it.

From top to bottom, this group has the feel of a team that smothers you. They aren’t just physical — they’re fast, smart, and ruthless. And that showed in the playoffs. They made quick work of the Grizzlies in round one, fought off a gritty seven-game slugfest against the Nuggets, then put the Timberwolves on ice in five games, blowing them out by 30 in the closeout.

They became the first team in league history to notch four 30-point wins in a single postseason before the Finals even tipped. That doesn’t happen by accident.

At the heart of it all is MVP Shai Gilgeous-Alexander, a master of patience who’s averaging 30 points, 6 boards, and 7 assists this postseason while making it all look effortless.

Jalen Williams has blossomed into a nightly mismatch — a 6'6” do-it-all wing who can score in bunches and guard three positions without blinking. Chet Holmgren has completely changed the geometry of the floor on both ends. He protects the rim like a vet and stretches defenses out to the perimeter with his shooting.

Then there’s the defense. Luguentz Dort and Alex Caruso are an absolute nightmare to deal with. Whether it’s picking up full court or blitzing a ball screen, they’re relentless. Throw in Isaiah Hartenstein, and you’ve got a frontcourt rotation that can switch, protect the rim, and bang inside without giving up space or speed.

Indiana: The Sum of Every Part

May 31, 2025; Indianapolis, Indiana, USA; The Indiana Pacers reaxt after recieving the trophy after game six of the eastern conference finals against the New York Knicks for the 2025 NBA Playoffs at Gainbridge Fieldhouse.
Credit: Trevor Ruszkowski-Imagn Images

Meanwhile, 600 miles east, the Pacers looked like they were heading nowhere fast. A 6–11 start had people wondering whether this group had enough to even stay in the playoff hunt. Once the calendar flipped and the rotation started to gel, everything changed. Indiana became a real problem. From mid-December through the end of the season, the Pacers ripped off a 44–21 run, climbed up the standings, and locked in the No. 4 seed in a loaded Eastern Conference.

In Round 1, they took down a Milwaukee Bucks team that never quite looked whole. Indiana’s defense swarmed, their tempo overwhelmed, and they caught the Bucks flat-footed more often than not. Round 2 brought the 64-win Cavaliers, and while most expected a back-and-forth battle, the Pacers made Cleveland look surprisingly uncomfortable, dictating pace and coming through in the clutch.

Then came the East Finals against the Knicks, where Indiana showed just how far they'd come. They walked into Madison Square Garden and stole the spotlight — twice — and ended New York’s dream run in six games.

This group doesn’t flinch. They came back from seven-point deficits in the final minute of three different playoff games. They ripped off a 14-0 run in under three minutes to stun the Knicks in Game 4. That’s not luck. That’s poise.

At the heart of it all is Tyrese Haliburton, the floor general with a pass-first mindset and elite feel for the game. He’s averaged nearly 19 points and 10 assists this postseason. Siakam’s been the grown-up in the room all postseason. He’s brought exactly what they needed — a calming presence when things get wild and the ability to get a bucket in tough spots. He was huge in the Eastern Conference Finals and took home MVP honors.

Around them, the Pacers are built on toughness and chemistry. Myles Turner spaces the floor and blocks shots. Aaron Nesmith and Andrew Nembhard are tough as nails on the wing and do all the little things. And Bennedict Mathurin, Obi Toppin, and Jarace Walker come in flying around.

Four Pillars That Will Decide the Series

May 26, 2025; Minneapolis, Minnesota, USA; Oklahoma City Thunder forward Jalen Williams (8), forward Chet Holmgren (7) and guard Shai Gilgeous-Alexander (2) talk to the media after defeating the Minnesota Timberwolves in game four of the western conference finals for the 2025 NBA Playoffs at Target Center.
Credit: Jesse Johnson-Imagn Images

1. Shai vs. Tyrese: The Cool‑Hand Duel

You’re not going to find two star point guards with more different personalities and playing styles than Shai Gilgeous-Alexander and Tyrese Haliburton. Shai glides through games like he’s controlling time, slicing through defenders with patience, footwork, and those perfectly timed midrange jumpers that feel like they were scripted in advance. There’s a rhythm to the way he plays.

Haliburton, on the other hand, is pure chaos in the best way. He pushes the pace, whips passes 60 feet ahead in transition, and pulls up from angles that don’t make sense until the ball drops through the net. He’s fast, flashy, and grinning the whole time.

This matchup might not be a classic one-on-one battle since they won’t guard each other all that much, but it’s going to define the series. OKC knows how dangerous Haliburton can be when he gets downhill. They’re going to throw waves of defenders at him — Dort, Caruso, Cason Wallace, even Jalen Williams — all guys who can switch, pester, and crowd him without giving up easy lanes.

The goal is to keep him out of the paint and force him into contested floaters and threes off the dribble. If he’s not orchestrating Indy’s fast pace, the Pacers’ offense loses its identity.

On the flip side, Indiana’s job is to slow down the MVP. Easier said than done. SGA is relentless in getting to his spots, and if you don’t disrupt his rhythm early, he’ll live at the free-throw line and chip away possession after possession. Andrew Nembhard will likely be the first to take that assignment. Nesmith will help muscle him when he tries to get to the block. Siakam will be waiting if he turns the corner. The goal here is to force him into tough step-backs and live with some of those.

2. The Possession Game: Turnovers, Boards, & Back‑Breaking Runs

Turnovers are going to be everything in this series. Both teams treat the ball like gold — neither wants to give up extra possessions, and both know how to punish mistakes. Oklahoma City has been absurdly good at winning the turnover battle all year, and it’s only gotten more extreme in the playoffs. They give it away just under 12 times a game, while forcing 18. That’s a massive swing, especially for a team that thrives on live-ball steals and transition buckets. They’re putting up 142 points per 100 transition plays right now, and if you get sloppy against them, it turns into a track meet real fast.

On the other side, Indiana has done a great job protecting the ball, leading all playoff teams in assist-to-turnover ratio. Haliburton rarely forces things, and Siakam knows how to keep possessions steady. But if either of them gets sped up, it’s trouble. A few rushed passes or miscommunications, and next thing you know, OKC’s flying the other way for three dunks and a corner three.

Rebounding’s another piece of this. The Thunder don’t have your traditional bruisers down low — Holmgren and Hartenstein aren’t really scaring anyone — but they clean the glass surprisingly well. Holmgren uses his length, Hartenstein uses his body, and together they’re tough to move off a spot.

Indiana will need Myles Turner to show up big here. His 5.8 boards a game aren’t cutting it if Dort’s matching that number from the guard spot. If the Pacers can’t finish possessions with rebounds, OKC’s going to feast on second chances.

May 13, 2025; Cleveland, Ohio, USA; Indiana Pacers forward Aaron Nesmith (23) and guard Tyrese Haliburton (0) and forward Pascal Siakam (43) celebrate during the second half of game five against the Cleveland Cavaliers in the second round for the 2025 NBA Playoffs at Rocket Arena.
Credit: Ken Blaze-Imagn Images

3. Pace, Space, and Who Tires First

The tempo of this series might just wear you out watching it. Indiana thrives on pure volume and speed — advance passes up the floor, drag screens in early offense, ball movement that finds shooters in rhythm before the defense can even get set. It’s organized chaos, but it works because of how connected they are. They’re constantly looking for the extra pass, and when they’re clicking, they can put up points in bunches without even breaking a sweat.

Oklahoma City plays nearly as fast, but with a bit more control. Their version of chaos is calculated. Shai Gilgeous-Alexander is the engine, probing and pulling defenders out of position, while Jalen Williams is cutting backside and Chet Holmgren is trailing the play, looking for a pick-and-pop three or a dump-off. It’s fast, but it’s purposeful.

And despite all the speed, both of these teams get back on defense better than almost anyone. They rank top-three in limiting transition points allowed, which means easy buckets won’t come often. So the question becomes: who can keep up the pace without wearing down?

That’s where depth comes in. Mark Daigneault has trusted his rotation more than any coach in the playoffs. He’s not afraid to go nine or ten deep and still get meaningful production, especially from defenders like Caruso, Wallace, and Wiggins, who don’t need touches to impact the game.

Carlisle, on the other hand, tends to ride his starters a little more. But he’s shown some more flexibility — sprinkling in Jarace Walker or T.J. McConnell when the energy dips. Over a best-of-seven series where every minute counts, that difference in depth might be the subtle edge that shows up in fourth quarters.

4. Shooting Variance: Can the Pacers Stay Nuclear?

Through three rounds, the Pacers have been lighting it up from beyond the arc — shooting a blistering 40.1%, which ranks as the second-best for any Finals team in the last two decades. But now they run into a Thunder defense that dares you to beat them from the outside. Oklahoma City packs the paint, shrinks driving lanes, and forces opponents to settle for threes above the break. It’s all by design. And so far, that design has held — opponents are shooting just 34% from deep against them in the postseason. Something’s got to give.

If Indiana’s shooters stay in rhythm, it could turn the whole series. Nesmith's been playing out of his mind, hitting 50% of his threes on over five attempts a game. Turner’s ability to pull Holmgren out to the perimeter will open up driving lanes, and Nembhard has been money from the corners. That kind of spacing makes their ball movement look even more dangerous.

Under‑the‑Radar X‑Factors

May 19, 2024; New York, New York, USA; Indiana Pacers forward Pascal Siakam (43) untucks his jersey after being taken out of the game during the fourth quarter of game seven of the second round of the 2024 NBA playoffs against the New York Knicks at Madison Square Garden.
Credit: Brad Penner-Imagn Images
  1. Chet’s Rim Patrol vs. Siakam’s Mid‑Post Bag – This is going to be one of the more fascinating chess matches in the series. Holmgren has been a game-changer defensively all year with his length and timing around the rim. He alters shots without even leaving his feet and closes gaps that look wide open a second earlier. But he’s still young and light, and Siakam knows how to use that against you. Pascal isn’t barreling to the rim — he’s surgical in that midrange space, especially from 8–15 feet, where Holmgren can’t fully load up or bait him into predictable angles. If Siakam can consistently win that middle ground, it’s going to make life a lot harder on OKC’s help defense.

  2. Isaiah Joe Heat Check – Every playoff run has that one random guy who swings a game with a shooting outburst, and Joe is built for it. He’s a microwave scorer who can come off the bench cold and light it up in a flash. If Indy loses him on screens or hesitates even half a second on a closeout, he’s more than capable of going 6-for-8 from deep and blowing a game open. The Pacers need to tag him early and often, because if he gets hot, it might not just be a one-game problem — it could force Carlisle to adjust his rotations.

  3. Myles Turner’s Defensive Discipline – This is a big one. Turner’s going to spend a lot of time matched up against Holmgren and switching onto SGA in certain actions. And if he starts biting on pump fakes, it’s going to be a long series. Shai is a master at drawing contact and getting to the line, especially when he sees a big leaning just a bit too far. Turner is Indiana’s anchor inside, and if he gets into early foul trouble, things get dicey real quick.

  4. Bench Ball Handling – This might not show up in the headlines, but it’s critical. Bennedict Mathurin brings energy and scoring, but if he gets loose with the ball, OKC will pounce. Daigneault has no problem throwing Caruso and Wallace out there to harass ball-handlers full court, and they’ve turned a lot of second units upside down this postseason. If Indiana’s bench can’t take care of the ball under pressure, the Thunder will turn those mistakes into instant buckets.

Bigger Than a Banner

May 18, 2025; Oklahoma City, Oklahoma, USA; Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) hugs his son and wife after his team defeated the Denver Nuggets in game seven of the second round for the 2025 NBA Playoffs at Paycom Center.
Credit: Alonzo Adams-Imagn Images

Let’s be real — this isn’t the Finals the networks were dreaming of. But if you love basketball, this is the kind of series that hits all the right notes. It’s not about legacy stars or stacked rosters. It’s about two smart, gritty, and incredibly well-run teams that built it the hard way.

If the Thunder finish the job, they’ll be the modern blueprint for team-building: build slow, build smart, and let your young core grow up together. If it’s the Pacers who pull it off, they’ll go down as the team that proved you don’t need to tank or blow things up — you just need the right guys and the right culture.

So sit back, enjoy the pace, the toughness, the shot-making, and all the little wrinkles that come with a matchup like this. It’s not the Finals we expected. But it could very well be the one the league needed.

All stats courtesy of NBA.com.

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