Felton and the Thunder have agreed to terms on a one-year contract, Chris Haynes of ESPN reports.

EDGE Analysis

The terms of the deal have not been released, but Felton will likely sign on for close to the veteran's minimum. The 33-year-old nearly fell out of the league after a tumultuous couple of seasons in New York and Dallas, but he's bounced back over the last two years and was a key bench player for the Clippers last season, averaging 6.7 points and 2.4 assists in 21.3 minutes per game. Felton will likely hold a similar role for the Thunder, who are currently in need of depth at point guard behind Russell Westbrook.