Heat Notes: Conley, Nunn, Dragic

The Mike Conley-to-the-Heat talk is just that at the moment. It’s strictly speculation, according to Ira Winderman of the Sun Sentinel, though the scribe wonders if there’s a potential deal that makes sense for both Miami and Memphis.

Matching salary would be easy if Hassan Whiteside opts in and the Grizzlies are willing to take back the center as a main pillar of the trade. However, what would Miami have to add as an incentive for Memphis to make the move? The Grizzlies would get out of Conley’s contract, which runs through the 2020/21 season, though the franchise would undoubtedly want more than just cost savings if they deal their long-time point guard.

The Heat are not in a position to trade away their first-rounder this year (No. 13 overall), having given away their 2021 selection in the Goran Dragic deal. The organization could offer Dragic (assuming he opts in) in place of Whiteside, but that kind of deal doesn’t really move the needle for Miami.

Then there are the financial repercussions for Miami in taking back Conley. He’ll collect approximately $32.5MM and $34.5MM in each of the next two seasons (Conley has an ETO on the 2020/21 season, but it would be shocking if he opts out). As it currently stands, the Heat’s first shot at sizeable cap space is prior to the 2020/21 season and trading for Memphis’ point guard would delay that eureka moment by an entire calendar year.

Here’s more from Miami:

• Kendrick Nunn is guaranteed $50K if he’s on the roster come July 1 and Winderman contends (in the same piece) that Nunn’s future with the Heat could be tied to the team’s draft. If Miami acquires a second-round pick—Minnesota owns their 2019 selection—then Nunn’s spot on the team may be in jeopardy.
• A source close to Dragic would be “very surprised” if the point guard opts to hit the free agent market this summer, Barry Jackson of the Miami Herald relays. Dragic likes playing for the Heat, though the decision could come down to whether his camp gets the sense that a long-term lucrative deal awaits him this offseason.
• The Heat are operating under the assumption that both Whiteside and Dragic will opt into their respective deals for next season, Winderman writes in a separate piece. Whiteside’s player option for 2019/20 is worth approximately $27.1MM while Dragic’s comes in at roughly $19.2MM.
• Patience with Dion Waiters and James Johnson was wearing thin during the 2018/19 campaign, Winderman adds in the same article. Both players have had injury woes throughout their respective contract with the Heat, though Winderman writes that it doesn’t mean there isn’t an “avenue for redemption” next season. Each players’ contract runs through the 2020/21 season, though Johnson’s pact contains a player option on that final season.