The Thunder waived Austin on Saturday, Keith Smith of Spotrac.com reports.
Austin was one of three cuts by the Thunder. The forward is now set up to join the Oklahoma City Blue in the G League.
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Thunder's Zack Austin: Solid output off the bench in loss
Rotowire
Austin tallied 13 points (4-9 FG, 2-2 FT, 3-7 3Pt), three rebounds, a steal and a blocked shot over 22 minutes during Monday's 106-89 preseason loss to the Mavericks.
Austin is expected to spend most of his rookie season in the G League, but he's getting a chance to show his stuff in the preseason. The Pittsburgh product signed an Exhibit 10 agreement with the Thunder, meaning they have an option to sign him to a two-way deal or offer a contract to the G League affiliate. These offers are not guaranteed, but the former All-ACC Defensive Team selection is making a case early in the preseason.