3:20pm: Johnson’s salary for the rest of the 2024/25 season will be fully guaranteed, according to Chiang, who reports (via Twitter) that the signing is expected to become official on Thursday. Stevens is expected to fill the newly opened two-way slot, Chiang confirms.
Assuming Johnson signs a minimum-salary contract, he’ll earn a rest-of-season salary of $724,883, which will also be Miami’s cap hit. However, because Johnson joined the team as a free agent, for the purposes of tax and apron calculations, the deal would count for $1,307,699 (the same as a veteran minimum contract).
2:57pm: The Heat intend to promote Keshad Johnson to their standard 15-man roster, reports Shams Charania of ESPN (Twitter link).
Johnson, who is currently on a two-way contract, will be converted to a two-year standard deal, according to Charania. The second year will be a team option, tweets Anthony Chiang of The Miami Herald.
Johnson signed a two-way contract with Miami after going undrafted out of Arizona this summer. He has only logged 14 total minutes across three appearances for the Heat, but has been a standout for the team’s G League affiliate, the Sioux Falls Skyforce.
In 13 games with the Skyforce, the 6’7″ forward has averaged 21.2 points, 8.2 rebounds, and 1.5 steals in 34.9 minutes per contest, with an excellent shooting line of .549/.396/.795.
The Heat dropped to 13 players on standard contracts when they traded Thomas Bryant to the Pacers on December 15. Since teams are only permitted to carry fewer than 14 players on standard deals for up to two weeks at a time, the club needs to re-add a 14th man by Dec. 29.
The expectation had been that another two-way player, Dru Smith, would fill that spot, but he suffered a season-ending Achilles tear on Monday, scuttling that plan. Another two-way player will get the promotion instead.
The fact that Johnson is getting a two-year contract suggests the team likely isn’t adding him to the roster as a placeholder, but it’s worth noting that the Heat could give him a non-guaranteed deal and then waive him before the league-wide guarantee date of January 7 if they want to take advantage of their full-season allotment of 28 days below 14 players for financial reasons. Miami’s team salary is currently about $3.7MM below the second tax apron.
While I’d expect Johnson to get a minimum-salary contract, Miami could use the taxpayer mid-level exception to give him more than the rookie minimum. If it’s a prorated minimum contract, his cap hit will depend on when the deal is officially completed.
Johnson’s promotion will open up a two-way slot for the Heat. G League standout Isaiah Stevens is among the top candidates for that opening, tweets Ira Winderman of The South Florida Sun Sentinel.
Ya, I figured either Keshad, or potentially Nassir Little, or someone similar would get the spot, once Dru went down. Hopefully this means Richardson and Burks are out of the shadow realm, and Larsson gets more minutes as well