IT LOOKS LIKE the Miami Heat are going to have more flexibility in free agency than anyone anticipated.
A new report from ESPN’s Brian Windhorst suggests that both Dwyane Wade and Chris Bosh would be willing to take significant pay cuts to stay with the team.
According to Windhorst, the Heat believe that they will have a maximum of $12 million in cap space after the Big Three re-sign.
If you assume that LeBron James will get the maximum deal he reportedly covets, this is what the Heat’s salary cap situation would have to look like:
- James: $20.7 million
- Wade/Bosh: ~$28.4 million
- Norris Cole: $2.1 million
- Cap space: $12 million
Wade and Bosh would earn $14.2 million each in this scenario. That’s a pay cut of ~$5 million from the ~$19 million they each earned in 2013-14.
Under NBA rules, Wade and Bosh can only get 7.5% raises from the base salary in the first year of their contracts. So it’s not like the Heat can simply give them a big salary bump down the line to restore their annual salaries to their 2013-14 levels.
It’d be huge for the Heat. LeBron opted out of his contract to put more pressure on Miami to build a good team around him. That $12 million in cap space gives Pat Riley the ability to do just that. He could spread that cap space around to a number of role players or add a fourth star like Luol Deng.
“Or add a fourth star like Luol Deng”……not really a star, but a great player none the less….. 16ppg is a nice return
Such bs that players can do this. It will be class to watch 4 superstars together, but it defeats the nba’s purpose of a limited cap space.
Not really, owners insisted players get less money after the last lockout, so now players are realising they can take even less than that and contend for titles, not the players fault!
Your point is invalid. The point of cap space is to punch in as many good players as possible and so that franchise players get well paid and bring a flood standard of bball to remote locations!