Heat Rumors

Heat Notes: Rozier, Butler, Jaquez, Love

On Tuesday, the Heat traded Kyle Lowry and their 2027 first-round pick to Charlotte for veteran guard Terry Rozier, who was having a career season in an expanded role for a team losing lots of games.

On Wednesday, Rozier had a physical and made his Heat debut, a home loss to the undermanned Grizzlies, writes Anthony Chiang of The Miami Herald. On Thursday, Miami was eviscerated at home by the Celtics, Chiang adds in another story. Rozier struggled in both games after a whirlwind few days.

Thursday marked Miami’s fifth straight loss — its worst stretch of basketball since March 2021, when the team lost six straight. Trading for Rozier was an acknowledgement that the Heat needed more offensive firepower, and while he and everyone around the team realize he won’t be averaging 18.3 shots per game like he did with the Hornets, head coach Erik Spoelstra still wants him to get in the paint and be assertive, according to Chiang.

It’s clear to see the positives with Terry,” Spoelstra said Thursday. “He brings us a burst, a speed, a quickness, his ability to get into the paint. I think that’s going to continue to get better once he understands how important it is to our offense and how we want him to be him and be aggressive.”

Here’s more from Miami:

  • Sam Vecenie of The Athletic likes what Rozier will bring Miami on offense, with his ability to drive and take (and make) pull-up threes both valuable traits for a team that doesn’t generate many points in either of those areas. However, he has questions about Rozier’s defense compared to Lowry’s, and thinks the possibility of giving up an unprotected pick in 2028 (it’s lottery protected in 2027 and will become unprotected in ’28 if it doesn’t convey) for Rozier probably wasn’t worth it.
  • Star forward Jimmy Butler spoke to the media after Thursday’s loss for the first time since the trade of close friend Lowry. He said the players’ performance has been abysmal lately and the onus is on them to compete much harder than they have been on both ends of the court, per Ira Winderman of The South Florida Sun Sentinel (subscriber link). Butler does think Rozier’s addition can help the team, however. “I mean, I think it can be a positive thing, a new face, yes,” Butler said. “The scoring that he brings, the leadership that he brings, he’s played in the playoffs a bunch with that Boston team. And I mean he’s just a hell of a player. He’s smiling. He’s happy. And I think that’s going to become very contagious. He’s going to be the ring leader for that.”
  • Rookie forward Jaime Jaquez will be available on Saturday against the Knicks after missing the past six games with a groin injury, the team announced (via Twitter). Jaquez won Eastern Conference Rookie of the Month in December for his second straight monthly award.
  • Veteran big man Kevin Love was out for the back-to-back this week due to an illness (Twitter link via Winderman) but he isn’t on the injury report for Saturday’s matchup with New York, which means he should be back in action. As Winderman observes, Thomas Bryant took Love’s minutes when he was out, over second-year forward/center Nikola Jovic.

Terry Rozier: “I Feel Like I Fit The Heat Culture”

At a brief press conference before Wednesday’s game, Terry Rozier said he’s thrilled about the opportunity to play in Miami and he sees himself as a natural fit for Heat culture, relays Barry Jackson of The Miami Herald. Rozier, who was acquired from Charlotte on Tuesday, said he’s long been an admirer of his new team.

“It’s been no secret how much love I have for the Miami Heat and Dwyane Wade growing up,” Rozier said. “This is definitely a full circle moment. I’m happy to be back on that stage in a playoff race. It’s huge.”

Rozier was added to bring some spark to the Heat’s offense, which has struggled to produce points on a consistent basis. He averaged 23.2 PPG in his 30 games with the Hornets this season, and Jackson notes that combining him with Jimmy Butler, Bam Adebayo and Tyler Herro makes Miami the only team in the league with four players scoring at least 20 PPG.

Rozier added that he’s “not here to step on nobody’s toes” and will work with coach Erik Spoelstra to determine the best way he can help the team.

“Definitely want to take my time. Things are not going to be perfect right away,” Rozier said. “I feel like I fit the Heat culture and I’m coming right in, can come in [and help] on the defensive side. We’re basketball players. We will figure it out.”

Spoelstra also spoke at the press conference, calling Rozier “one of the most dangerous X-factors” in Boston before developing his game even further with Charlotte. Spoelstra likes the idea of adding another extreme competitor to his roster.

“He has a lot of those competitive qualities that we respect and we think not only resonate with us but also impact winning in a big way,” Spoelstra said. “He’s a competitive guy. Winning matters to him. He respects our uniform. He really wanted to be here. Not everybody wants to play for us. So that matters. We want to have like-minded competitors that view competition in a very similar way.”

Spoelstra addressed his new-look backcourt, with Rozier and Herro both capable of scoring and distributing the ball.

“Skill level is extremely high with both of these guys,” he said. “Terry can play more naturally at the point. Tyler, his skill level, his ball handling, his play-making has improved so much. Terry knows how to play on the ball and he also knows how to play off the ball which is really important for our group. He’s had success doing both. This year, he had to do a lot more on the ball and it shows you what he’s capable of leading the attack.”

Spoelstra also discussed the loss of Kyle Lowry, who was sent to the Hornets in the trade after spending the last two and a half seasons in Miami.

“Kyle, you can never define him by his stats,” Spoelstra said. “His whole career, and particularly as an ultimate winner, you define him by whether your team is winning and how it’s functioning. … This is part of the business…. Sometimes you have to make a business decision. That’s what this was. He’ll be just fine. He’ll find his next stop … whether it’s Charlotte or anywhere else.”

Heat Notes: Rozier, Offense, Draft Picks, Martin

After being acquired by the Heat on Tuesday, Terry Rozier will be available to make his debut with his new team on Wednesday vs. Memphis, reports Shams Charania of The Athletic (via Twitter). The Heat have confirmed the news.

Heat forward Caleb Martin, who played with Rozier in Charlotte, referred to the veteran guard as a “great teammate” and a tough competitor who will “fit right in” with the Heat, per Barry Jackson of The Miami Herald. Martin, Tyler Herro, and Kevin Love all pointed out that the club will benefit from having another contributor capable of putting up 25 or 30 points on any given night.

“It is increasingly important and paramount to have a weapon and a scoring threat out there on the floor at really every position,” Love said. “But somebody who can put points up in a hurry. With teams and offenses scoring so many points and the offensive ratings continuing to go up, usage continuing to go up — I mean, we had two guys score over 60, a guy score 70 (on Monday). It just goes to show you how important that is in this league now.”

While some analysts have expressed concern about the way that Rozier’s and Herro’s skill sets overlap, Herro believes they’ll complement one another well and is looking forward to playing with pace alongside his new teammate.

“We both can play on the ball and off the ball,” Herro said, according to Jackson. “We both can catch and shoot or dribble and shoot. We also can play-make for our teammates. We’re both younger. I think we’ll play faster. Get the ball up the floor. That’s what I want to be a part of and I think the rest of us do too.”

Here’s more on the Heat:

  • The Heat ranked 25th in offensive rating last season and are 20th so far this season, including 28th in January. With that in mind, Anthony Chiang of The Miami Herald takes an in-depth look at Rozier’s offensive game and considers how having him in the mix will boost the club on that end of the floor.
  • One NBA scout who spoke to Jackson of The Miami Herald acknowledged that Rozier isn’t a great defender and that he has a tendency to occasionally force shots, but called the trade a “great move” for the Heat. “This is a no-brainer to me, from the Heat’s standpoint. He’s perfect for them,” the scout said. “… His play-making is a tad underrated. He sees people. He can penetrate. He can get in the lane and dish. He can run pick-and-roll. He’s more of a point guard than Herro. You have to guard him.”
  • In another story for The Herald, Jackson explores the Heat’s draft pick situation, pointing out that – due to the Stepien rule – the 2030 pick is the only first-rounder the team can still freely trade.
  • Although Caleb Martin has been an important part of the Heat’s rotation, the deal for Rozier means his situation is worth monitoring, notes Ira Winderman of The South Florida Sun Sentinel. As Winderman explains, it will be more challenging financially for Miami to keep Martin beyond the season with Rozier’s contract on the books; plus, the Heat could potentially move below the first tax apron and become a player on the buyout market by moving off of Martin’s expiring contract at the trade deadline. Of course, Martin will have more value than just about any player who will be available in the buyout market, so Miami is unlikely to move him purely for financial reasons.

Eastern Notes: Embiid, Joerger, Bucks, Rozier, Heat

When Sixers star Joel Embiid scored 30-plus points for a 21st consecutive game on Monday, he didn’t just eke past that threshold — he more than doubled it, eclipsing Wilt Chamberlain‘s franchise record of 68 points by racking up an eye-popping 70 in a victory over San Antonio, writes Tim Bontemps of ESPN.

The performance increased Embiid’s season-long scoring average to 36.1 points per game. James Harden (2018/19) is the only other player to average that many points in a single season since Michael Jordan did it in 1986/87.

Having already missed 10 games in 2023/24, Embiid isn’t a lock to reach the 65-game minimum required to qualify for end-of-season awards. But as long as he plays enough, he looks like the clear frontrunner to win a second consecutive MVP award.

“I keep telling everybody, we cannot take this for granted,” Sixers guard Tyrese Maxey said. “Not just as teammates, not as an organization, but as fans … even if you’re not a fan of Philadelphia, if you’re just a fan of basketball, you can’t take Jo for granted, man. What he’s doing right now is special.

“… He’s doing so much out there. And you know, the kicker is he’s on the other end, he’s anchoring the defense as well. He’s not taking any nights off on defense. So, you know, we appreciate him, and everybody else should appreciate him, as well.”

Here’s more from around the Eastern Conference:

  • Dave Joerger, who spent three seasons on Doc Rivers‘ staff in Philadelphia, is receiving consideration to join the Bucks as an assistant, reports Adrian Wojnarowski of ESPN (Twitter link). Rivers and Bucks general manager Jon Horst are expected to work together to finalize any additions to Milwaukee’s coaching staff, tweets Chris Haynes of Bleacher Report and TNT.
  • Examining the Terry Rozier trade between the Heat and Hornets, John Hollinger of The Athletic wonders if this deal is a sign that there won’t be any blockbuster trades completed at the deadline. As Hollinger explains, Miami’s front office typically prefers to use its assets to go star-hunting on the trade market, so if the the Heat were willing to give up a first-round pick for Rozier, they may have felt as if no impact players will become available at the 11th hour.
  • Elsewhere at The Athletic, Jared Weiss and William Guillory take a closer look at what the Heat‘s Rozier acquisition means for the teams at the top of the East. As The Athletic’s duo points out, there’s a good deal of overlap between Rozier’s and Tyler Herro‘s skill sets, so it may be a challenge to play them together in the postseason when their relative lack of size makes them susceptible to being hunted on defense.
  • In a comprehensive Insider-only story for ESPN.com, Bobby Marks breaks down the trade deadline for the 15 Eastern Conference teams, outlining the assets at their disposal and what sorts of deals might make sense for each club.

Clarifying The NBA’s New Rule On Post-Buyout Signings

The NBA’s trade deadline is just 15 days away, which means we’re nearly in buyout season. Several veteran players on lottery-bound teams who are in the final year of their respective contracts will become candidates to be bought out if they’re not traded to a new team on or before February 8.

When the league and the players’ union finalized a new Collective Bargaining Agreement in 2023, they agreed to a new rule that affects the buyout market. This rule hasn’t been a factor yet this season, but it will likely be relevant in the coming weeks. And in the wake of the deal that sent Kyle Lowry to Charlotte, making him a buyout candidate, I’ve seen some confusion about how the rule works and which players are affected, so we’ll offer some clarity here.

First, here’s the new rule: A team whose salary is above either the first or second tax apron is not permitted to sign a free agent on the buyout market if his pre-waiver salary exceeded the non-taxpayer mid-level exception.

For the 2023/24 season, that means that any team whose taxable salary is above $172,346,000 is ineligible to sign a player who was cut this season if he was earning more than $12,405,000.

This applies to both buyouts and standard waivers, so regardless of whether or not the player agreed to give up any money as part of his release, he’s ineligible to sign with an apron team if he had been earning more than $12,405,000.

As Bobby Marks of ESPN noted earlier this week (via Twitter), these are the clubs whose team salaries are currently above the apron levels:

  • Boston Celtics
  • Denver Nuggets
  • Golden State Warriors
  • Los Angeles Clippers
  • Miami Heat
  • Milwaukee Bucks
  • Phoenix Suns

That means that a player like Lowry, whose $29.7MM salary far exceeds the mid-level exception, would currently be ineligible to sign with one of those seven teams if he’s bought out by the Hornets. However, that list of teams is subject to change as rosters changes and salaries fluctuate.

The Heat, for instance, reduced their payroll in the deal that sent out Lowry for Terry Rozier, whose cap charge is several million dollars smaller than Lowry’s. The Heat are currently above the first apron but well below the second, per Eric Pincus of Sports Business Classroom, so if they were to further trim their payroll, they could gain the ability to sign any player on the buyout market (well, with the exception of Lowry, due to a separate rule prohibiting a team from re-signing a player it traded if he’s waived by his new team).

Conversely, if a team like the Sixers, whose salary is currently less than $3MM shy of the first apron, took on several million dollars in salary in a deadline trade, they’d become ineligible to sign a player like Lowry in the buyout market.

A team can be above the luxury tax line but remain eligible to sign a player on the buyout market, since there’s a gap of approximately $7MM between the tax threshold ($165,294,000) and the first apron. The Lakers, for example, currently project to be a taxpayer, but they have enough room below the apron to ensure this restriction won’t apply to them.

In order to be eligible to sign a player who had been earning more than $12,405,000, the team must have a salary below the first apron upon the completion of the signing — that means a team whose salary is $1MM below the apron can’t offer a player a rest-of-season contract worth $1.2MM.

If a team were to sign a player like Lowry or Gordon Hayward (who is earning $31.5MM) on the buyout market, that club would subsequently be hard-capped at the first apron and would be prohibited from having its salary exceed $172,346,000 for the rest of the season.

Outside of Lowry, Hayward, and perhaps Knicks wing Evan Fournier, it doesn’t look like there will be many buyout candidates earning above the mid-level who would be particularly intriguing on the free agent market.

Players like Gary Harris, Marcus Morris, or Doug McDermott would certainly draw interest, but I don’t see them as viable candidates for buyouts unless they’re traded to a team that views them as a pure salary-matching chip. Guys like Davis Bertans and Joe Harris may appeal to a team in need of shooting, but they’ve barely played this season, so if they were bought out, the competition for their services may not be particularly fierce.

Still, even if this rule only affects a couple players this season, it’s worth keeping in mind. After all, several of the teams in that aforementioned group of seven are legitimate championship contenders. Those are the sorts of clubs that would benefit most from adding one more depth piece, so the fact that that they won’t have access to certain targets on the buyout market is noteworthy.

Hornets Notes: Rozier Trade, Ball, Miller, Lowry, Hayward

After trading Terry Rozier to Miami on Tuesday in exchange for Kyle Lowry‘s expiring contract and a future first-round pick, president of basketball operations Mitch Kupchak said that the financial flexibility the deal affords the Hornets going forward was important. However, getting that first-rounder was the key part of the trade from Charlotte’s perspective, as Rod Boone of The Charlotte Observer writes.

“The pick itself has potential for incredible upside,” Kupchak said. “We don’t know who that player may be several years down the road. But an asset that valuable can also become something that you can put in a trade and make a deal. So. yeah, the financial part of it was a part of it. But getting the pick was probably the most important part.”

According to Boone, one factor in the Hornets’ decision to move on from Rozier at this time is the fact that it will give the team’s backcourt of the future – LaMelo Ball and Brandon Miller – more opportunities to play alongside one another. Kupchak singled out those two players on Tuesday when he discussed Charlotte’s core pieces.

“We think we’ve got a foundation of players in place,” he said. “I’m not going to mention all of our players, but I’m going to mention our two highest picks — LaMelo Ball and Brandon Miller. But there are other players that we’ve pegged that would be very difficult to trade.”

A report last week suggested that Ball, Miller, and center Mark Williams are likely the only players on the Hornets’ roster who are off-limits in trade talks.

Here’s more out of Charlotte:

  • Kupchak indicated on Tuesday that the Rozier trade doesn’t signal the beginning of an all-out rebuild, per Boone. “I wouldn’t call it a rebuild,” Kupchak said. “A rebuild is, in my opinion, something where you start from scratch and you convert everything you have into draft capital, and you create gobs of cap room, and you start taking in contracts to get picks and it could drag out years. That’s not the case. I think it’s more of a case of recognizing where we are this year.”
  • Still, Kupchak suggested the Hornets will remain very open to making additional trades on or before February 8, as Steve Reed of The Associated Press relays. “I can’t discount the fact that we’re a team that is trying to build something that can sustain something going forward, and … we will look for opportunities,” Kupchak said when asked about the possibility of more deals. “And if there is something out there we will look to do it. It’s as simple as that.”
  • The Hornets are expected to explore the possibility of flipping Lowry to a new team, though two league sources who spoke to Boone believe he’ll ultimately become a buyout candidate instead. Either way, it doesn’t sound like Charlotte is intent on actually playing the veteran point guard. “He’s got to report, he’s got to pass a physical,” Kupchak said of Lowry. “It’s going to take a couple of days. I can’t say that that’s something we look to accomplish right away. We may wait to see what happens out of respect to him and what he’s accomplished in this league. Maybe we wait to see and have the trade deadline pass, rather than have him relocate and start something that may or may not take place. I think that’s probably what we will do. Don’t know for sure, but that seems to make the most sense.”
  • Veteran forward Gordon Hayward is another player on a sizable veteran contract who is available in trade talks. Boone hears from league sources that Hayward is “at the very top” of Charlotte’s list of trade candidates. However, the 33-year-old has been out since December due to a left calf strain and there’s no timeline for his return, so it’s unclear whether the Hornets will be able to acquire anything of value for him. He’s another possible buyout candidate if no trade arises, Boone notes.
  • While it’s typically difficult to determine right away which teams won and lost a trade, there’s one clear winner in the deal between the Heat and Hornets, according to Scott Fowler of The Charlotte Observer: Rozier. As Fowler details, Rozier appeared in 50 postseason contests with Boston during his first four NBA seasons, but didn’t get to play a single playoff game during his time in Charlotte — that figures to change in Miami.

Team USA Announces 41-Player Pool For 2024 Olympics

USA Basketball has officially announced a pool of 41 players who are in the mix for the 12 spots on the 2024 Olympic men’s basketball team.

While the pool is subject to change, Team USA’s 12-man roster for the 2024 Paris Olympics will, in all likelihood, be made up of players from this group.

The list figures to shrink as the summer nears due to players suffering injuries or opting not to participate for other reasons, but at some point prior to the July event the U.S. decision-makers will have to choose a final roster from the remaining candidates.

Here’s the full list of 41 players, 28 of whom have represented Team USA in a previous World Cup or Olympics:

  1. Bam Adebayo (Heat)
  2. Jarrett Allen (Cavaliers)
  3. Paolo Banchero (Magic)
  4. Desmond Bane (Grizzlies)
  5. Scottie Barnes (Raptors)
  6. Devin Booker (Suns)
  7. Mikal Bridges (Nets)
  8. Jaylen Brown (Celtics)
  9. Jalen Brunson (Knicks)
  10. Jimmy Butler (Heat)
  11. Alex Caruso (Bulls)
  12. Stephen Curry (Warriors)
  13. Anthony Davis (Lakers)
  14. Kevin Durant (Suns)
  15. Anthony Edwards (Timberwolves)
  16. Joel Embiid (Sixers)
  17. De’Aaron Fox (Kings)
  18. Paul George (Clippers)
  19. Aaron Gordon (Nuggets)
  20. Tyrese Haliburton (Pacers)
  21. James Harden (Clippers)
  22. Josh Hart (Knicks)
  23. Tyler Herro (Heat)
  24. Jrue Holiday (Celtics)
  25. Chet Holmgren (Thunder)
  26. Brandon Ingram (Pelicans)
  27. Kyrie Irving (Mavericks)
  28. Jaren Jackson Jr. (Grizzlies)
  29. LeBron James (Lakers)
  30. Cameron Johnson (Nets)
  31. Walker Kessler (Jazz)
  32. Kawhi Leonard (Clippers)
  33. Damian Lillard (Bucks)
  34. Donovan Mitchell (Cavaliers)
  35. Chris Paul (Warriors)
  36. Bobby Portis (Bucks)
  37. Austin Reaves (Lakers)
  38. Duncan Robinson (Heat)
  39. Jayson Tatum (Celtics)
  40. Derrick White (Celtics)
  41. Trae Young (Hawks)

Adebayo, Booker, Durant, Holiday, Lillard, and Tatum were part of the Olympic team that won gold in Tokyo in 2021. Jerami Grant, Draymond Green, Keldon Johnson, Zach LaVine, JaVale McGee, and Khris Middleton were also on that roster, but aren’t part of the preliminary pool this time around. It’s possible some of them turned down invitations.

“The United States boasts unbelievable basketball talent and I am thrilled that many of the game’s superstars have expressed interest in representing our country at the 2024 Olympic Summer Games,” national team managing director Grant Hill said in a statement. “It is a privilege to select the team that will help us toward the goal of once again standing atop the Olympic podium. This challenging process will unfold over the next several months as we eagerly anticipate the start of national team activity.”

USA Basketball also announced today that Team USA will face Team Canada in Las Vegas on July 10 in an exhibition game. It sounds like that contest will take place during the NBA’s 2024 Summer League.

Hornets Trade Rozier To Heat For Lowry, First-Round Pick

1:30pm: The trade is official, according to announcements from both the Hornets and Heat.

“I want to thank Terry for all his efforts since coming to Charlotte,” Hornets president of basketball operations Mitch Kupchak said in a statement. “On the court, he was a true professional and a great competitor who set a positive example for our young players. He also made himself a staple of the Charlotte community with his commitment to giving back. We wish him all the best in the future.

“The acquisition of a future first-round pick provides us an asset as we look to build long-term sustainable success around our young core of talented players. We believe adding this future pick and the additional financial flexibility from this trade will be beneficial as we continue to build our team moving forward.”


9:13am: The Hornets are trading guard Terry Rozier to the Heat in exchange for Kyle Lowry and Miami’s 2027 first-round pick, sources tell Adrian Wojnarowski of ESPN (Twitter link). Shams Charania of The Athletic first reported (via Twitter) that the two teams were closing in on a deal.

The 2027 first-rounder will be lottery protected, according to Jake Fischer of Yahoo Sports (Twitter link). If it lands in the top 14 of the ’27 draft, the Heat would keep it and would instead send the Hornets their unprotected 2028 first-round pick, Fischer adds.

Rozier is in the midst of a career year. His 23.2 points and 6.6 assists per game through 30 appearances (35.5 MPG) are both career highs, as is his 45.9% field goal percentage.

While the 29-year-old has played a key role in Charlotte in recent years – starting all 298 games he has played for the team since 2019 – the 10-31 Hornets are far from contention, so it makes sense for the team to move on from him and recoup future assets.

Fischer reported last week that Rozier had a “known preference” to end up in Miami if he were to be traded this season. According to Barry Jackson of The Miami Herald (Twitter link), Rozier’s favorite player growing up was Heat star Dwyane Wade.

The Heat have had a solid first half despite dealing with injuries to several starters and rotation players — they currently sit in a tie for the sixth seed in the East, with a 24-19 record. Still, the club could use the sort of offensive punch that Rozier will provide. Miami’s 113.4 offensive rating ranks just 20th in the NBA and 10th among Eastern teams.

Rozier is earning approximately $23.2MM this season, while Lowry is on a $29.7MM expiring contract, so the deal will save the Heat a substantial chunk of money in the short term. In addition to trimming its 2023/24 team salary, Miami will reduce its projected luxury tax bill by approximately $15MM and will move well below the second tax apron, as cap experts Yossi Gozlan and Bobby Marks observe (Twitter links).

The move will add some money to the Heat’s books in future seasons, however. Whereas Lowry will reach free agency this offseason, Rozier is owed $24.9MM in 2024/25, and his $26.6MM cap hit for ’25/26 features a significant partial guarantee ($24.9MM).

The Hornets, meanwhile, will create some cap flexibility for future seasons by moving Rozier’s multiyear deal for Lowry’s expiring contract. As Gozlan points out (via Twitter), the team could generate approximately $45MM in cap room this summer.

However, Charlotte likely isn’t done dealing and remains in asset accumulation mode, as Wojnarowski tweets. Miles Bridges, P.J. Washington, and Gordon Hayward are among the other veteran candidates on the Hornets’ roster. Additionally, the front office is expected to see if it can flip Lowry in another trade before the February 8 deadline, sources tell Wojnarowski (Twitter link).

Lowry won’t have positive trade value on his own, but his expiring money may appeal to a team looking to move off a player on a multiyear deal. The Hornets could potentially extract an asset or two if they’re willing to take back an unwanted contract.

If no trade emerges for Lowry, he’d be a buyout candidate after the trade deadline. Because his salary is above the mid-level exception, the 37-year-old wouldn’t be permitted to sign with a team whose salary is above either tax apron. He’d also be ineligible to return to Miami.

It’s worth noting that the Heat owe a lottery-protected 2025 first-round pick to Oklahoma City and can’t leave themselves without first-rounders in consecutive drafts, due to the Stepien rule. So if that ’25 pick lands in the lottery, Miami would owe the Thunder an unprotected 2026 first-round selection and would send Charlotte its unprotected 2028 first-rounder.

The Heat will create a $6,477,319 trade exception in the swap — that’s the difference between Lowry’s outgoing salary and Rozier’s incoming cap charge.

Heat Exploring Kyle Lowry Trades

Accomplished veteran Kyle Lowry is a natural trade candidate for the Heat due to his declining production and $29.7MM expiring contract. While he has been involved in countless rumors over the years, including the past year-plus with Miami, Lowry’s name hasn’t popped up in many reports during the 2023/24 season to this point.

However, Miami “continues” to discuss the 37-year-old point guard in potential trades, sources tell Anthony Chiang of The Miami Herald. That implies the Heat either restarted or perhaps never stopped exploring Lowry deals.

Ira Winderman of The South Florida Sun Sentinel (subscription required) goes a step further, suggesting that Lowry’s time in Miami “appears to be” nearing its end. Winderman says a resolution to Lowry’s situation is “not only expected” by next month’s trade deadline, it could occur as early as this week.

Lowry started his first 35 games this season, but he was moved to the bench for Friday’s loss vs. Atlanta and that continued for Sunday’s defeat to Orlando. Miami has dropped three straight games and is currently the No. 6 seed in the East with a 24-19 record.

According to Winderman, Lowry was granted permission to travel away from the team after Wednesday’s loss to the Raptors in Toronto. Lowry played nine seasons with the Raptors, making six All-Star teams and helping Toronto win its first title in 2019. But he got caught in bad weather and was late returning to Miami on Friday, leaving his status against the Hawks uncertain — and opening the door for a lineup change. Head coach Erik Spoelstra started Caleb Martin in Lowry’s place.

We are not where we want to be,” Spoelstra said, per Chiang. “That’s not an indictment on one player. Kyle has been great as a starter and really impactful last year off the bench. So this really isn’t about him. This is about us trying to get to a higher level on both ends of the court, but also offensively. Combinations do matter, rotations do matter, lineups that bring out the best in each other do matter. And I’m still in the process of trying to help the team figure that out.”

Lowry’s overall numbers are solid, if unspectacular. He has averaged 8.2 PPG, 3.5 RPG, 4.0 APG and 1.1 SPG on .426/.385/.833 shooting in 28.0 MPG through 37 games, but his usage rate is a career low 13.3% and his counting stats have all dropped considerably, Chiang notes. Lowry is 0-for-17 from three-point range over the past five games, averaging just 2.0 PPG, 3.0 RPG and 3.6 APG in 25.7 MPG over that span.

For his part, Lowry didn’t exactly sound thrilled with the demotion, but said he was trying to make the best of it.

For me as a professional, of course I’m disappointed to have to adjust,” Lowry said after going 1-for-9 in 25 minutes off the bench on Sunday. “But I haven’t played well in the last couple weeks and I understand that coach has made a decision to try to move and shake some things and get in a different flow. So as a professional, of course it’s an adjustment. But I have to make it and figure out how to help the team win.”

As Barry Jackson of The Miami Herald observes (via Twitter), the big question is whether the Heat will be willing to take on a multiyear contract in exchange for Lowry’s expiring deal. Doing so would likely put them deep into luxury tax territory in the coming years, which would hurt their roster flexibility due to restrictions from the second tax apron. Still, the Heat could make future trades to shed salary in that scenario, Jackson notes.

Udonis Haslem Still Interested In Owning Stake In Heat

  • Following his retirement as a player, Udonis Haslem is working with the Heat as the team’s VP of player development. However, he hasn’t given up on his goal of becoming a shareholder in the franchise’s ownership group. As Ira Winderman of The South Florida Sun Sentinel details, Haslem has floated the idea of partnering with Rick Ross, a rapper and record executive with roots in Miami, to buy a stake in the Heat.