Veteran PG Raymond Felton agrees to one-year deal with Thunder

Through the first couple of days of free agency, the Oklahoma City Thunder have been busy retaining a few of their core group players on new deals this summer.

The latest comes with the decision to bring back veteran point guard Raymond Felton on a one-year, $2.4 million deal, according to Adrian Wojnarowski of ESPN.

Free-agent guard Raymond Felton has agreed to a one-year, $2.4 million deal to return to the Oklahoma City Thunder, league sources told ESPN.

Felton is coming off his first campaign with the Thunder where he played in the primary backup role to All-Star point guard Russell Westbrook. He finished averaging 6.9 points on 40.7 percent shooting from the field and 35.4 percent from beyond the arc along with 2.5 assists, and 1.9 rebounds in 16.6 minutes per contest while playing in all 82 games and making two starts.

Although Felton isn’t the player he once was, he was a reliable option off the bench as a steady ball handler and a veteran presence off the bench. However, what brings more attention to this deal is that it now pushes the Thunder over $300 million in both salary and luxury tax combined for the first time in league history.

If anything, this could signal that the Thunder could in store for some roster moves to help offset that major bill. The primary target of this may be former All-Star forward Carmelo Anthony, who if bought out of the final year of his deal would save the team $100 million.