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Report: Thunder to re-sign Felton, pass $300M threshold

The Oklahoma City Thunder are prepared to make history by paying taxes, if not winning titles.

On Tuesday, the Thunder passed the $300 million threshold in payroll and taxes by signing veteran guard Raymond Felton to a one-year, $2.4 million deal, according to a report from ESPN. The agreement would increase Oklahoma City's tax penalty to $150 million for 2018-19 if the roster stays intact through the end of the season.

Felton, 34, performed well as a backup point guard with Oklahoma City one season ago. He averaged 6.9 points and 2.5 assists per game in 82 contests (two starts).

In his career, Felton has averaged 11.4 points and 5.4 assists in 938 games. He also has appeared in 42 playoff games but has yet to win a ring.

--Field Level Media