Heat Notes: Wade, Waiters, Reed, Ellington

The Heat could accommodate Dwyane Wade if he ever wants to return to Miami, writes Ira Winderman of The Sun Sentinel. Wade has a player option for next season and may decide he doesn’t want to stay in Chicago with an underachieving and bickering team. The Heat could create room for Wade this summer when they expect to clear Chris Bosh‘s salary from their cap. Also, Tyler Johnson‘s new deal counts just $5.9MM against this cap for 2017/18, but balloons to $19MM a year later. Wade would get $23.8MM next season if he decides to opt in with the Bulls, but Winderman believes the Heat could bring him back to Miami if he agrees to take that money over two seasons.

There’s more news from South Florida:

  • Miami’s seven-game winning streak may make team president Pat Riley think about keeping some of the team’s upcoming free agents, writes Barry Jackson of The Miami Herald. The Heat will have about $40MM in cap room this summer, but re-signing Dion Waiters and Willie Reed, who can both opt out, along with James Johnson, who is on a one-year deal, would eat up a major part of that. All three have been key contributors to the team’s recent success.
  • The Heat’s streak happened because the team has de-emphasized player development, at least temporarily, Winderman states in a separate piece. With injuries keeping Tyler Johnson and Josh Richardson out of the lineup, veterans like Waiters and Wayne Ellington are seeing more playing time. Elllington has a nonguaranteed salary of $6.27MM for next season that the Heat must decide on by July 12th.
  • Reed’s contract for next season calls for the league minimum, which he can easily exceed on the open market, Winderman writes in the same story. Reed is averaging 5.6 points and 4.9 rebounds through 39 games, mostly as a backup to Hassan Whiteside.
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