Oklahoma City Thunder Executive Vice President and General Manager Sam Presti announced today that the team’s acquisition of center Nenad Krstic has been finalized. The Thunder originally signed Krstic to an offer sheet on Dec. 22nd. The transaction was finalized today when the New Jersey Nets declined to match the Thunder offer.

“We are pleased to be able to add Nenad to our organization,” said Presti. “He is someone that we feel helps this team both in the short and long term. We are excited that he will be a part of the Thunder as we continue to build our team here in Oklahoma City.”

Krstic (7-0, 213), the 24th overall pick in the 2002 NBA Draft by the Nets, played four seasons in New Jersey appearing in 226 games. During that time he averaged 11.3 points and 5.7 rebounds in 27 minutes per contest.

The Serbian national had his best year in 2005-06 when he started 80 games for the Nets as a second year player. He averaged 13.5 points and 6.4 rebounds per game. Krstic had his 2006-07 season cut short by a torn ACL in his left knee. Prior to the injury he was averaging 16.4 points, 6.4 rebounds and 1.8 assists per contest.

Krstic signed a contract with Triumph Lyubertsy of Russia’s Superleague A on July 29, 2008. In seven Superleague A games with Triumph he averaged 10.4 points, 5.2 rebounds and 1.0 block in 21 minutes per contest.

Prior to his move to the NBA, Krstic played four seasons for Partizan in Yugoslavian League where he averaged 10.6 points and 5.2 rebounds.

Krstic will wear uniform #12.

At the same time the team announced that it has waived center Steven Hill. Hill appeared in one game for the Thunder scoring two points and grabbing thee rebounds in two minutes.