With the free agent signing period winding down and teams looking ahead to the preseason, we at Hoops Rumors will be tracking the Salary Cap figures for each team around the league. These posts will be maintained throughout the season once financial data is reported. They will be located on the sidebar throughout the year, once all the teams’ cap figures have been relayed. You can always check RosterResource.com for up-to-date rosters for each franchise, with the Heat’s team page accessible here.
Here’s a breakdown of where the Heat currently stand financially:
Guaranteed Salary
- Chris Bosh —$23,741,060
- Hassan Whiteside —$22,116,750
- Goran Dragic —$15,891,725
- Wayne Ellington —$6,000,000
- Josh McRoberts —$5,782,450
- Tyler Johnson —$5,628,000 [Contract has 15% Trade Kicker]
- Derrick Williams —$4,598,000 [Waived by team]
- James Johnson —$4,000,000
- Udonis Haslem —$4,000,000
- Dion Waiters —$2,898,000 [Contract has 15% Trade Kicker]
- Justise Winslow —$2,593,440
- Luke Babbitt —$1,227,286
- Willie Reed —$1,015,696
- Josh Richardson —$874,636
- Rodney McGruder —$543,471
- Briante Weber —$327,989 [Waived by team]
- Okaro White —$210,995
- Stefan Jankovic —$100,000 [Waived by team]
- Okaro White —$100,000 [Waived by team (Oct 22)]
- Keith Benson — $75,000 [Waived by team]
- Okaro White —$31,969 [10-day contract (Jan 17)]
- Okaro White —$31,969 [10-day contract (Jan 27)]
- Marcus Georges-Hunt —$31,969 [10-day contract (Feb 8)]
Total Guaranteed Salary= $101,820,405
Cash Sent Out Via Trade: $400K sent to Pelicans in Luke Babbitt trade [Amount Remaining $3.1MM]
Cash Received Via Trade: $0 [Amount Remaining $3.5MM]
Payroll Exceptions Available
- Disabled player exception — $1,296,720 [Granted for Justise Winslow injury]
- Room exception — $0 [Used to sign Dion Waiters]
Total Projected Payroll: $101,820,405
Salary Cap: $94,143,000
Estimated Available Cap Space: –$7,677,405
Luxury Tax Threshold: $113,287,000
Amount Below Luxury Tax: $11,466,595
Last Updated: 2/9/17
The Basketball Insiders salary pages and The Vertical’s salary database were used in the creation of this post.