Offseason Extension Unlikely For Bam Adebayo?

After a breakout season in 2019/20, big man Bam Adebayo will be eligible for a rookie scale contract extension this offseason, but the Heat may wait until 2021 – when he reaches restricted free agency – to lock him up, according to ESPN’s Brian Windhorst.

[RELATED: Players Eligible For Rookie Scale Extensions In 2020 Offseason]

Within his larger look at NBA team owners’ financial situations, Windhorst said the Heat “might” not extend Adebayo this offseason because it will help them preserve cap room for 2021, when they want to pursue Giannis Antetokounmpo and/or other star free agents. Addressing the situation in a podcast, Windhorst took a stronger stance.

“He’s not going to get a max contract in the offseason,” Windhorst said of Adebayo, per RealGM. “Even though I think he should. Because the Heat are going to save money for the 2021 summer. That’s a storyline that I can almost guarantee for you: Bam Adebayo will not sign a contract extension this offseason. It will be, ‘Bam, we’ll take care of you later.'”

This isn’t the first time this idea has been broached. Barry Jackson of The Miami Herald suggested in the spring that the Heat would consider the possibility of waiting on Adebayo’s new deal, especially with the coronavirus pandemic expected to limit the amount the salary cap will increase within the next year or two.

If he doesn’t sign an extension during the 2020 offseason, Adebayo would enter the 2021 offseason with a cap hold of $15.35MM. He’d be eligible to sign for up to five years with the Heat at that time, and Miami would have the right of first refusal, meaning the club could match any offer sheet he signs with another team. As long as the Heat carry that $15.35MM cap hold, they’d be able to go over the cap to re-sign Adebayo once they use up the rest of their space.

If the Heat were to sign Adebayo to a maximum-salary extension this offseason, they’d enter the 2021 offseason with that max salary already on their books. That exact amount will depend on where the ’21/22 cap lands, but there’s a good chance Adebayo would be making at least $28-29MM.

In other words, the Heat could generate upwards of $13-14MM in extra cap flexibility in 2021 by waiting to sign Adebayo, then going over the cap to lock him up. For his part, Adebayo could end up with an identical deal whether he signs this year or next.

Assuming Adebayo is on board with the plan, it makes sense for the team to go this route. Often, a club will sign a young star to a max-salary extension as soon as possible to show its commitment to him and to give the player financial security so that he doesn’t have to worry about the possibility of getting injured in a contract year. The Heat would surely be willing to take that path as well if Adebayo pushes for it. As Ira Winderman of The South Florida Sun Sentinel observes, the organization can’t – and won’t – let the situation get contentious.

But if Adebayo is comfortable taking on a little risk to assist in the Heat’s pursuit of roster upgrades, it could be a win-win for the two sides — Miami would gain extra flexibility, while Adebayo could eventually get his max-salary contract with an even stronger roster around him.