It’s unlikely the Heat will use the stretch provision on Chris Bosh this year, writes Ira Winderman of The Sun-Sentinel. Teams face an August 31st deadline to trigger that option for the 2016/17 season, and Miami officials don’t appear ready to commit to such a move. The stretch provision is a relatively new rule that allows teams to ease the burden of an unwanted contract by waiving the player and stretching his cap hit for double the number of years left on his deal, plus one. Bosh has three years remaining at $75,868,170, so the Heat could choose to pay him $10,838,750 each year through 2022/23.
One consequence of using the stretch provision is it erases the possibility of a medical retirement, which could happen if an independent doctor rules that Bosh, whose past two seasons have been cut short by blood clots, cannot continue playing in the NBA. That must occur at least one year after a player’s final game, which in Bosh’s case was February 9th, 2016, and would take the entire remaining contract off the Heat’s cap.
There’s more news out of Miami:
- Bosh continues to send positive messages to teammates about resuming his career, Winderman notes in the same story. If the Heat decide to use the stretch provision on Bosh, he could immediately sign with any other team, most likely one with fewer objections than Miami about letting him play again.
- Amar’e Stoudemire would have preferred more time in the NBA before joining the Israeli team that he co-owns, Winderman adds in the same piece. Stoudemire appeared in 52 games for the Heat last year and became a regular starter by the end of the season. “I started 37, 38 of the last 40 [regular-season] games,” he said at a press conference in Jerusalem. “My stats were pretty good. But teams want to go younger and have a different mindset about basketball.”
- Jarnell Stokes, who appeared in five games for Miami last season, hired Priority Sports as his new agent and turned down offers in excess of $500K to play in Europe, tweets international basketball writer David Pick. The 6’9″ center/power forward was acquired in a trade with Memphis last November, but spent most of the season in the D-League, where he earned MVP honors. Miami traded him to New Orleans in February, and the Pelicans promptly released him. The Lokomotiv Kuban franchise in Russia is among the teams interested in signing Stokes, according to Sportando.
Is the stretch provision double the remaining years +1? Because you did the math for a 7-year spread. Spending the $75 million in six years means $12.6 million a season
3×2=6.
6+1=7