OKC Thunder could have record luxury tax bill
The Oklahoma City Thunder are paying dearly to put the best product on the court that they can.
The Thunder have 11 players under contract for 2018-19 now that they’ve agreed to deals with Paul George and Jerami Grant. According to ESPN’s Bobby Marks, their payroll is projected to be $156 million. Their luxury tax bill would be at least $130 million due to their status as a multiple repeat violator.
With Paul George and Jerami Grant on board, Oklahoma City now has a payroll of $156M with 11 players under contract. Because of the repeater tax penalty, the Thunder currently have a tax bill of $130M. The tax bill would be the largest in NBA history.
— Bobby Marks (@BobbyMarks42) July 1, 2018
What really kills the Thunder is the Carmelo Anthony contract. Melo was a bust for them last season and opted into his contract for just under $28 million this year. The team could significantly reduce their tax bill if they waive him via the stretch provision.
— Chris Bennett (@chrisgb00) July 1, 2018
You have to wonder whether the Thunder will consider this option.
Between George and Russell Westbrook, they will be paying around $70 million. Add in Steven Adams, Andre Roberson and Grant, and you’re at around $110 million, which pushes them well over the salary cap. They’ll have to seriously weigh keeping Melo.