The Oklahoma City Thunder are on the clock to make a key cost-cutting move this weekend, as the team would save $23.4 million in salary and luxury tax payments by waiving and stretching the contract of forward Kyle Singler, according to ESPN's Bobby Marks.

Friday, Aug. 31 will be the last day to use the stretch provision and apply it toward the 2018-19 season, which would make Singler the perfect candidate for this before the month comes to an end.

Following a successful career at Duke University, Singler has failed to make a name for himself on an NBA roster. He has mostly been deployed as a third-stringer.

During his fourth and most recent season with the Thunder, Singler averaged a career-low 1.9 points per game in only 12 contests.

Singler will make $5 million this upcoming season and could make $5.3 million in 2019-20 if his option is picked up. But if he's stretched, the Thunder can save much more than that, due to being in the repeater tax, which would extend their potential savings to $23.4 million.

The Thunder were initially estimated to face over $300 million in salaries for this upcoming season, a number which has since been mowed down after trading Carmelo Anthony and his $27.9 million deal to the Atlanta Hawks.

While they got some of that burden back in Dennis Schroder's $15.5 million deal, which is guaranteed for the next three seasons, they could slowly trim their expenses by ridding themselves of a player who will hardly see the court as it is.