NBA free agency rumors: Jerami Grant remaining with Thunder

Jerami Grant is remaining with the Thunder.

Oklahoma City and the 24-year-old forward have agreed to a three-year, $27 million contract, according to a report from ESPN. Grant averaged 8.4 points and 3.9 rebounds for the Thunder last season.

Deal includes a player option on the third year, sources tell ESPN.

— Adrian Wojnarowski (@wojespn) July 1, 2018

Grant was selected by the 76ers out of Syracuse in the 2014 NBA Draft. He spent a little more than two seasons in Philadelphia before he was traded to the Thunder in 2016.

Grant has averaged 6.9 points and 3.3 rebounds in 159 games with Oklahoma City.

The Thunder also reportedly signed star Paul George to a four-year, $137 million contract Sunday. Oklahoma City could face the largest tax bill in NBA history, according to ESPN.

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

The Thunder finished last season with a 48-34 record and earned the fourth seed in the Western Conference playoffs. Oklahoma City fell to the Jazz in six games in the first round.