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What OKC’s Loss to Indiana Really Means Going Forward

January 26, 2026 by Last Word On Pro Basketball

Oklahoma City’s 117-114 loss to the Indiana Pacers was a result that few expected. After starting the season 24-1, it seemed as though the Thunder were unbeatable and would cruise past Golden State’s 73-9 record; however, they have shown that they are human. Since the hot start, OKC has gone a respectable 13-7, dropping games to the Spurs, Hornets, and now Pacers.

A regular-season loss is far from season-defining; however, a game in which Shai Gilgeous-Alexander gives you 47 points, and you never lead to a lottery team, can naturally prompt questions. On the surface, it can feel as though Sam Presti should be pressing the panic button. The NBA has figured out the Thunder, and their reign on top will be short-lived. This result in Indiana is far from that and shouldn’t cause fans to sell their stock in the team.

What OKC’s Loss to Indiana Really Means Going Forward

Poor Shooting Night in Gainbridge Fieldhouse

The first stat that pops out when looking at the boxscore was the Thunder’s 7-of-26 shooting from deep. The Thunder are built around having spacing to let Shai work one-on-one. That identity is hard to keep up when shots aren’t falling. Bad shooting nights happen, however. Even the most historically elite offenses have cold stretches.

A more comforting result of this is that with this lack of outside shooting, Shai remained at an MVP level, scoring 47 points on 17/28 shooting, all while going a perfect 12/12 from the stripe. He was able to keep OKC in the game, but the lack of total shot-making couldn’t get the Thunder over the hump. 

Injuries are Starting to Catch Up to the Thunder

Injuries played a key role in this game as well. Oklahoma City was without key rotation pieces: Jalen Williams, Ajay Mitchell, Isaiah Hartenstein, and Alex Caruso. All four are crucial two-way players who could have helped bolster offensive output and mitigate hot nights from the likes of Jarace Walker and Andrew Nembehard. You can see that this group’s absence had an effect on the court.

What unfolded in Indy is not an accurate picture of the Thunder’s title outlook. While this loss raises eyebrows and can signal a lingering issue in OKC’s three-point consistency or depth, it doesn’t warrant panic. Instead, it should serve as a reminder of how NBA games are. With how fast-paced and dynamic they are, a good shooting night can help a team win on a given night. That’s the fun in the league.

Championship Outlook

At the end of the day, winning an NBA championship is about playing your best basketball in May and June, not in January. Regular-season slumps, bad shooting, and injury problems are all a part of a long 82-game season. The goal is not chasing perfection, but learning how to play your best basketball when it matters.

A January loss, even an ugly one,  will matter little in the big picture. What’s important is how the Thunder respond collectively, refine their consistency, and peak as the playoffs approach.

© Alonzo Adams-Imagn Images

Filed Under: Pacers

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