Oklahoma City mayor declares July 7 'Paul George Day'

Oklahoma City mayor declares July 7 'Paul George Day'

Oklahoma City mayor declares July 7 'Paul George Day'

Free agent point guard Raymond Felton will return to the Oklahoma City Thunder as a reserve guard for the 2018-19.

With Felton's new contract the franchise will be the first in National Basketball Association history to pass the threshold of US$300 million in salary including half in luxury tax.

Including the $150 million National Basketball Association salary ceiling, the OKC will walk out for the start of the season with a combined value of $300m in an unmitigated disaster. When he informed the Pacers last summer that he would be signing with the Lakers in free agency this summer, many questioned why the Thunder agreed to trade for him.

Heading into the offseason, the Thunder only had nine players under contract but with a combined total of $117 million, just a few million short of the luxury tax threshold.

As for now, adding Felton back to the fold makes a lot of sense - especially if he can carry last season's performance over into the 2018-19 season.

More news: How a trade war could turn into a recession
More news: Heat linked to Carmelo Anthony exodus from Thunder
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Spotrac says if the Thunder waives Anthony, they will save around $17.1 million in cap space and around $90 million in luxury tax payment if they decide to replace him with a player with a minimum salary. In the playoffs, Anthony's production dropped further as he averaged just 11.8 points as they lost to the Utah Jazz in the first round.

"I'm not sacrificing no bench role".

George averaged 21.9 points and 5.7 rebounds in 2017-18, his first season with the Thunder.

Many thought that because of PG13's desire to play in his hometown, that he would play for the Thunder for one season before signing with the Lakers. Noel was a 1 round pick by the New Orleans Pelicans in 2013 but was traded to the Philadelphia 76ers on Draft day.

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