Dixon was reportedly shot outside of a strip mall roughly 15 miles outside of Atlanta in the early hours of Thursday morning.
Dixon was 32 years old.
Durant referred to Dixon as his "adopted brother" and was one of the friends Durant referenced in his 2013-14 Most Valuable Player speech in Oklahoma City.
"You keep me every day".
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Dixon was still alive when paramedics arrived on the scene, but he was in critical condition, so they rushed him to Grady Memorial Hospital where doctors pronounced him dead.
The two-time champion is averaging 27.2 points, 6.6 rebounds and 5.7 assists per game this season. "There are days I come home upset after a game or a practice and you just brighten my day up", Durant said during his speech.
According to TMZ, Police say Dixon was partying at the SL Lounge in Atlanta when a lone gunman opened fire in front of the nightclub around 1 a.m. Thursday. "This is our trophy, too". We send our condolences to the family and Dixon's friends.
Dixon played basketball for two seasons at Western Kentucky and then overseas, according to the Atlanta Journal-Constitution.