Report: Thunder set to part ways with Kyle Singler
NBA.com Global on Aug 31, 2018 07:21 AM
Kyle Singler NBA file photo
NBA.com staff report
The Oklahoma City Thunder remodeled their roster this summer and are apparently continuing to do so as the offseason wanes.
ESPN's Adrian Wojnarowski reports via Twitter that the Thunder plan to use the waive and stretch provision on swingman Kyle Singler. Doing so will help Oklahoma City save on their luxury tax hit for the coming season, writes ESPN's Bobby Marks:
Oklahoma City will see their tax bill drop from $93.2M to $73.8M by using the stretch provision on Kyle Singler. 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. The Thunder benefit based on the ability of using the 2019-20 season that was non-guaranteed as part of the stretch provision. With the Carmelo Anthony trade to Atlanta and now the Singler waiver, Oklahoma City has saved $89.5M in salary and luxury tax since July 15.
Kyle Singler is the lone and likely only player that the waive/stretch provision will apply to before the Fri. Aug. 31 deadline. 10 players were waived and stretched last summer.
In the summer of 2015, the Thunder re-signed Singler to a reported five year, $25 million deal. Singler was the No. 33 pick in the 2011 draft by the Detroit Pistons and was dealt to the Thunder during the 2014-15 season. He played in 26 games for Oklahoma City that season (after appearing in 54 for the Pistons) and averaged 3.7 points and 2.7 rebounds per game. Much of his playing time came that season after former Thunder star Kevin Durant was ruled out for the 2014-15 season.
His role shrank since then, as Singler appeared in just 112 of a possible 246 games for OKC, averaging 3.1 ppg and 1.8 rpg. Last season, Singler played in 12 games, averaging 1.9 ppg in 4.9 minutes per game.