Thunder to waive Kyle Singler, use stretch provision
Kyle Singler will be waived by the Oklahoma City Thunder under the stretch provision to save more than $23 million in salary and luxury tax in 2018-19.
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Kyle Singler will be waived by the Oklahoma City Thunder under the stretch provision to save more than $23 million in salary and luxury tax in 2018-19.
ESPN's Adrian Wojnarowski reported the move Thursday, which wipes out the final year of Singler's contract. He was owed $5 million.
Using the stretch provision allows the Thunder to spread Singler's cap hit over five years -- at $1 million per year.
The move lowers the NBA luxury tax penalty for the Thunder from $93.19 million to $73.78 million.
Singler, 30, was a second-round pick out of Duke in 2011 by the Detroit Pistons. He joined the Thunder during the 2014-15 season but never found a consistent role.
--Field Level Media
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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