And so it is — the Kyle Singler era is officially over in Oklahoma City.
Per a report from ESPN’s Adrian Wojnarowski, the Thunder has utilized the stretch provision and will waive the 30-year-old small forward. As such, the team will save $23.4 million in salary and luxury tax by ridding itself of Singler’s $5 million salary for 2018-19. The tax bill falls from $93.1 million to $73.8 million with this one move alone.
Financial details of the move via ESPN’s Bobby Marks:
“The Thunder will incur a $992K cap hit over the next five seasons on Singler and would receive a minor set-off if the forward signs with another team.