OKLAHOMA CITY - Free agent guard Raymond Felton has agreed to a one-year deal to return to the Oklahoma City Thunder, according to ESPN. 

The deal is reportedly offered at $2.4 million for one year. 

Felton's signing pushes the Oklahoma City Thunder past the $300 million threshold in terms of salary and luxury tax, the first NBA team to do so. 

Felton averaged 6.9 points and 2.5 assists in 82 games a year ago with the Thunder, according to ESPN.