Bobcats point guard Raymond Felton turned down a long-term contract offer from the team, sources told Rick Bonnell of the Charlotte Observer.

The deal reportedly would have paid Felton roughly $7 million annually.

Unless Felton sees a huge improvement in his play this season, it appears unlikely that another team would offer him more than that next summer.

Via Charlotte Observer

Charlotte Bobcats

Read the Full Story Discuss Send Feedback Buy Tickets