Report: Deal with Raymond Felton puts OKC in record salary territory with $150M tax bill

OKC has reportedly built up a massive luxury tax bill, demonstrating that even small-market teams that don’t make the Finals have the financial freedom to spend if they’re willing. (AP)

The Oklahoma City Thunder agreed to a one-year, $2.4 million deal with veteran point guard Raymond Felton on Tuesday, Adrian Wojnarowski reports.

Bringing back their backup point guard isn’t what’s interesting here. It’s the report about what Felton’s deal means for the Thunder’s salary situation. Wojnarowksi’s ESPN colleague Bobby Marks reports that the new deal will put the Thunder into historic salary territory, complete with a $150 million tax bill.

While many lament the Golden State Warriors’ willingness to go into the tax threshold, this demonstrates one thing. Even small market NBA teams that make first-round exits from the playoffs are swimming in enough cash to pay massive tax bills if ownership is willing to spend it.

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