OKC Thunder could have record luxury tax bill

OKC Thunder could have record luxury tax bill

OKC Thunder could have record luxury tax bill

Multiple members of Oklahoma City's front office will be in attendance at the party, according to Yahoo Sports' Chris Mannix. George opted out of his $20.7 million salary with Oklahoma City for the 2018-19, making him an unrestricted free agent.

The Los Angeles native had made his wishes about playing at home abundantly clear last season amidst the trade frenzy that eventually saw him land with Russell Westbrook in OKC, and it was thought to nearly be a given that he'd find a way to get on board with Magic Johnson and co this summer. Now the Thunder has one of the biggest pay rolls in the history of the National Basketball Association.

Nothing is official as the teams and players can not formally sign contracts until Friday, July 6. Players play for less than they're worth and sometimes teams pay a luxury tax to attract the biggest and best stars.

There are few easy options for the Thunder to cut payroll.

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That's almost a $300 million investment for next season. The team could significantly reduce their tax bill if they waive him via the stretch provision.

Where is Paul George most likely to play next season? The deal reportedly carries a player option on the final season. Still, he would stand to make a boatload of cash if he chose to stick it out.

Wojnarowski tweeted that Thunder general manager Sam Presti wanted to meet with George in Oklahoma City, and "with a party that's one more element to the franchise's yearlong recruiting effort on George".

That would be bad enough for a small market team like Oklahoma City.

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Durant will be paid about US$30.5 million this coming season, about US$5 million less than he could have commanded if the deal was structured differently.

But for the Thunder, the plan could be to keep George even longer.

With many assuming that the Los Angeles Lakers were the unquestioned favorites for George, his decision to stay with the Thunder came as a bit of a shock.

After acquiring Carmelo Anthony in September, the Thunder appeared to have formed a superteam with the then-reigning league MVP Westbrook.

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