I dont know if this an AI answer or whether you copy pasted this from some article, but this is 100% false information. Our 2028 2nd rounder belongs to OKC regardless and it was traded to them together with Miye Oni for cash considerations in 2022. There is an official press release about that trade from both OKC and from us that verifies this.The Utah Jazz owe the Oklahoma City Thunder their 2025 first-round draft pick, which is top-10 protected. This pick was part of a trade in 2021 where the Jazz sent Derrick Favors to the Thunder in exchange for a future second-round pick. The protection on the pick will become top-8 protected in 2026, and if it doesn't convey by then, Utah will owe OKC their 2028 second-round pick.
According to Deseret article from last June (linked below) and Fanspo future draft pick listings the first rounder we owe to OKC just extuinguishes if it hits protections in 2026 as well. I cannot find any source that claims it converts to anything.

Explaining the Jazz’s protections on draft pick that was traded to OKC
The Jazz still owe the Thunder a first-round pick ... for now
