Miami Heat Rumors | Hoops Rumors

Heat Notes: Garrett, Mulder, Yurtseven, Jovic

July 10th, 2022 at 9:52am CST by Arthur Hill

Saturday’s Summer League contest marked the first game in more than six months for Heat guard Marcus Garrett, who underwent season-ending wrist surgery in January, writes Anthony Chiang of The Miami Herald. Garrett recently received medical clearance to start playing again and didn’t take part in any of Miami’s games in the California Classic.

Garrett earned a two-way contract last summer and appeared in 12 games before the injury. He’s an effective defender with a 6’10” wingspan, but Chiang says he’ll have to prove he can contribute enough on offense to earn another chance with the Heat.

“It was great to see him back there,” Summer League coach Malik Allen said. “When he gets between those lines, he’s a tough competitor and obviously he lifted us up. It was just great to have him back.”

There’s more on the Heat:

After struggling with his three-point shot in California, Mychal Mulder bounced back with a 5-of-8 performance in his first game in Las Vegas. Mulder currently holds one of Miami’s two-way slots, but Chang notes that he’ll have to show he can be a reliable outside shooter to remain on the roster. “He was due,” Allen said. “But the big thing with Mike was, he really did make a lot of great plays. That’s what I just kind of kept stressing to him. I know he wanted some shots to fall, but he’s made some really great plays for us.”
The Heat aren’t sure if Omer Yurtseven will see any Summer League action because of a quad injury he suffered with the Turkish national team, Chiang adds in a separate story. Yurtseven, who’s entering the final season of his two-year contract, flew to Las Vegas after helping Turkey win a World Cup qualifier last Sunday. “I do want to play. That’s the reason I’m here,” he said. “I’m just here to pretty much get better and I think playing is the best way to do it.”
Miami is still experimenting with the best Summer League role for first-round pick Nikola Jovic, per Ira Winderman of The Sun Sentinel.

Contract Details: Booker, Towns, Magic, Oladipo, Anderson, Hardy

July 9th, 2022 at 4:58pm CST by Luke Adams

The new super-max extensions for Suns guard Devin Booker and Timberwolves big man Karl-Anthony Towns each come with a different perk.

Booker’s deal includes a 10% trade kicker, but is fully guaranteed for all four years, with no player option in 2027/28.

Towns’ new contract, conversely, doesn’t feature a trade kicker, but has a fourth-year player option, giving Towns the ability to opt out and reach free agency in 2027.

Here are several more contract details from around the NBA:

Both Mohamed Bamba and Bol Bol received one guaranteed season and one non-guaranteed season on their new two-year contracts with the Magic. Bamba has matching cap hits of $10.3MM on his deal, while Bol’s cap hits are $2.2MM apiece.
Victor Oladipo‘s reworked two-year deal with the Heat came in at $18.2MM in total. It’s worth $8.75MM in 2022/23, with a $9.45MM player option for ’23/24.
As previously reported, Kyle Anderson‘s two-year contract with the Timberwolves is worth exactly $18MM. It features a first-year salary of $8,780,488 and a 5% raise to $9,219,512 for 2023/24.
Jaden Hardy‘s three-year contract with the Mavericks is, as expected, worth the minimum in all three seasons. It’s fully guaranteed in the first two years, with a partial guarantee of $400K in year three.

Contract Details: Drummond, Jones, LaVine, Cancar, Martin, Nurkic

July 9th, 2022 at 2:20pm CST by Luke Adams

The two-year contracts that Andre Drummond and Derrick Jones signed with the Bulls have virtually identical terms. Both players will earn guaranteed $3.2MM salaries in 2022/23, with $3.36MM player options for the ’23/24 season, Hoops Rumors has learned. The only real difference between the two deals is how the Bulls completed them — Drummond received a portion of the non-taxpayer mid-level exception, while Jones was re-signed using his Non-Bird rights.

Here are more details on recently signed contracts from around the NBA:

Zach LaVine‘s five-year, maximum-salary contract with the Bulls includes a 15% trade kicker, Hoops Rumors has learned. For 2022/23, at least, that kicker will be inconsequential since LaVine is already earning the max, but it could be a factor later in his deal if the annual salary cap increases outpace his annual 8% raises.
Vlatko Cancar‘s three-year contract with the Nuggets features matching $2,234,359 cap hits in each of the first two seasons, plus a $2,346,606 team option for 2024/25. The first two years are guaranteed.
Heat forward Caleb Martin received a starting salary of $6,479,000, which is the full portion of the taxpayer mid-level exception. Miami remains below the tax apron, so the team can use the rest of the non-taxpayer MLE (approximately $4MM more) if it so chooses. Martin also got a third-year player option and a 15% trade kicker on his new three-year deal.
Jusuf Nurkic‘s four-year, $70MM contract with the Trail Blazers is fully guaranteed and is structured with standard 8% annual raises. It starts at $15,625,000 in 2022/23 and increases to $19,375,000 by year four in ’25/26.

Heat Notes: Oladipo, Roster, Tax, Two-Way Slots

July 8th, 2022 at 10:45am CST by Luke Adams

After re-signing with the Heat this week, Victor Oladipo told reporters, including Ira Winderman of The South Florida Sun Sentinel, that he felt during free agency as if teams were hesitant to pursue him too aggressively due to his injury history.

“It kind of seemed like a lot of people were kind of shying away from me,” Oladipo said.

Oladipo didn’t look quite like his old All-Star self following his return to the court near the end of the 2021/22 season, but he showed flashes of that form — and, as Winderman relays, the 30-year-old thinks that was just the beginning.

“I truly believe that I can be better than I was,” Oladipo said. “That may sound crazy to everyone, but I’d rather have that mentality and I can live with the results after that, because I’m going to push myself to be that.

“I think the biggest goal for me is just to show everyone that I’m healthy and I can play a whole year and also to show everyone that I’m one of the best players in this league. So everything else will take care of itself, and that’s what I’m focused on.”

Here’s more on the Heat:

After restructuring Oladipo’s new contract agreement, the Heat will be able to sign a 14th player to a minimum-salary contract while remaining about $200K below the luxury tax line, Winderman writes in a separate story for The Sun Sentinel. While the team has some options with that 14th roster spot, it could be as simple as re-signing Udonis Haslem, if the veteran big man wants to continue his playing career.
With limited roster and cap flexibility remaining, the Heat appear content, at least for the time being, to run it back in 2022/23, writes Anthony Chiang of The Miami Herald. As Chiang notes, besides replacing free agent forward P.J. Tucker with first-round pick Nikola Jovic, Miami’s roster remains essentially unchanged from the end of last season.
While Javonte Smart and Mychal Mulder currently hold the Heat’s two-way contracts, the team would be open to making a change if one of its camp invitees makes a strong impression, according to Chiang. Undrafted Fresno State big man Orlando Robinson was the first player to sign an Exhibit 10 contract with Miami this offseason, but he likely won’t be the last.

Rockets Notes: Frontcourt, Tate, Gordon, Martin

July 7th, 2022 at 2:20pm CST by Luke Adams

Whether or not they hang onto Boban Marjanovic, the Rockets would like to add one more big man to their roster, according to Kelly Iko of The Athletic, who says the club may use a two-way contract slot to add more depth up front. Trevor Hudgins currently occupies one of Houston’s two-way slots, but the other is empty.

Iko names Moses Brown, Freddie Gillespie, Bruno Fernando, and Mfiondu Kabengele as players who could be of interest to the Rockets as they look to add another frontcourt player.

According to Iko, Houston had some interest in Isaiah Roby after he was waived by Oklahoma City, but the Spurs ultimately claimed him off waivers. The Rockets were ahead of San Antonio in the waiver order and had a trade exception available to claim Roby, but they already have 18 players on guaranteed contracts for 15 spots, so they likely weren’t eager to bring in another.

Here’s more on the Rockets:

The $500K annual bonus in Jae’Sean Tate‘s new three-year contract are tied to the Rockets winning at least 35 games, Iko reports. So Tate would earn an extra $1.5MM if Houston wins 35 or more games in each of the next three seasons.
The Rockets were close to trading Eric Gordon on draft night, possibly to the Sixers, but the deal fell apart, according to Iko, who says the Heat, Bucks, and Suns also pursued Gordon before the draft. Sources tell The Athletic that Philadelphia re-engaged Houston on the veteran shooting guard at the start of free agency, but there’s certainly no guarantee he’ll be moved before the season begins.
The Rockets aren’t in any rush to trade Kenyon Martin Jr. either, says Iko, noting that Martin may “need to mend some internal relationships” if a trade doesn’t materialize and he remains in Houston.

Heat Re-Sign Victor Oladipo To Two-Year Deal

July 7th, 2022 at 10:16am CST by Luke Adams

JULY 7: The Heat have officially re-signed Oladipo, the team announced today in a press release. As we relayed earlier today, his new two-year deal is believed to be worth in the neighborhood of $18MM.

“Victor showed his work ethic and determination to come back and help us win games at the end of the regular season and through the playoffs,” Heat president Pat Riley said in a statement. “We are delighted to have him back in a HEAT uniform.”

JULY 6: Victor Oladipo remains on track to officially re-sign with the Heat, but he and the team have agreed to adjust the terms of the contract they negotiated last week, according to reports from Ira Winderman of The South Florida Sun Sentinel and Anthony Chiang of The Miami Herald (Twitter links).

Instead of signing a one-year, $11MM contract, Oladipo will receive a two-year deal that includes a second-year player option, per Winderman and Chiang.

While the exact financial terms are unclear, Oladipo’s salary in 2022/23 will be a little lower than $11MM in order to help the Heat remain below the luxury tax line (approximately $150MM) and the tax apron ($157MM).

Miami doesn’t yet have to worry about dealing with a hard cap, since the team hasn’t acquired a player via sign-and-trade, used its bi-annual exception, or used more than the taxpayer portion of its mid-level exception. But if the Heat want to do any of those three things, it would impose a hard cap of about $157MM on team salary, limiting their flexibility. A smaller first-year salary for Oladipo will give Miami more breathing room in that scenario, and may also help team ownership avoid a tax bill.

Oladipo will still have the right to veto a trade during the 2022/23 season. A player who re-signs with his former team on a one-year contract or a two-year deal with a second-year player option is afforded that privilege.

Contract Details: J. Smith, Oladipo, Co. Martin, Payton, More

July 7th, 2022 at 6:45am CST by Luke Adams

Jalen Smith‘s new deal with the Pacers, initially reported as a two-year agreement, is actually a three-year contract with a player option in year three, according to Scott Agness of Fieldhouse Files (Twitter link). The deal also includes a trade kicker, says Agness.

Hoops Rumors can confirm Agness’ report and add that Smith’s trade kicker is worth 10%. The Pacers gave the big man the highest starting salary they legally could after the 2022/23 option in his rookie scale contract was turned down last year, resulting in a 2022/23 cap hit of $4,670,160 and subsequent 8% annual raises. Smith’s three-year deal has a total value of $15.13MM.

Here are a few more details on recently signed or agreed-upon contracts:

According to Anthony Chiang of The Miami Herald, Victor Oladipo‘s two-year deal with the Heat will be worth in the neighborhood of $18MM. As we relayed on Wednesday evening, Oladipo agreed to lower his 2022/23 salary in exchange for a second-year option. Dewayne Dedmon‘s two-year contract with the Heat, meanwhile, is worth $4.7MM in ’22/23 with a non-guaranteed $4.32MM salary in ’23/24.
Cody Martin‘s four-year contract with the Hornets is worth a total of $31.36MM, Hoops Rumors has learned. Martin’s $8.68MM salary in the final season of the deal (2025/26) is non-guaranteed.
Gary Payton II‘s three-year deal with the Trail Blazers has a starting salary of $8.3MM and is worth $26.15MM in total, slightly below its reported value of $28MM, Hoops Rumors has learned. The signing leaves Portland with a small portion of its mid-level exception remaining.
Jae’Sean Tate‘s three-year contract with the Rockets has a base value of $20.63MM, but can be worth up to $22.13MM if Tate earns all of his unlikely incentives. Kelly Iko of The Athletic previously reported that those incentives are tied to the team’s performance and that Tate’s contract includes a third-year team option.
Anfernee Simons‘ new four-year, $100MM contract with the Trail Blazers is fully guaranteed, without any incentives, Hoops Rumors has learned. It begins at $22.32MM in 2022/23 and eventually increases to $27.68MM in ’25/26.
New Raptors forward Otto Porter will earn $6MM in 2022/23, with a $6.3MM player option in ’23/24, Hoops Rumors has learned.

Heat Re-Sign Caleb Martin To Three-Year Deal

July 6th, 2022 at 9:25pm CST by Rory Maher

9:25pm: The Heat have officially re-signed Martin, the team announced in a press release.

“Caleb is a multi-position player with tremendous energy that had a career year with us,” Heat president Pat Riley said in a statement. “He works hard and deserves this as much as any young player in the league. We are extremely happy he has decided to come back.”

11:26am: One of the NBA’s top remaining restricted free agents is coming off the board, according to Anthony Chiang, who reports (via Twitter) that the Heat and forward Caleb Martin are in agreement on a three-year contract worth “about” $20.5MM.

The Heat only held Martin’s Non-Bird rights entering this offseason, limiting their ability to offer him much of a raise after he finished the 2021/22 season on a minimum-salary contract. The terms reported by Chiang indicate that Miami will use the taxpayer portion of its mid-level exception to re-sign Martin and ensure that he gets a substantial pay bump.

As our breakdown of this season’s MLE values shows, a three-year deal worth the full taxpayer mid-level exception would top out at about $20.4MM. Martin’s deal will be fully guaranteed, sources tell Chiang (Twitter link).

Martin emerged as an important piece off the bench in Miami this past season, averaging 9.2 PPG and 3.8 RPG on .507/.413/.763 shooting in 60 games (22.9 MPG), which earned him a promotion from his two-way contract. He opted to just have his two-way deal converted into a rest-of-season contract rather than negotiating a multiyear deal, perhaps recognizing that he’d have a better chance of securing a raise in the offseason than he would have in February.

It turned out to be shrewd move by Martin and his representatives, as the $20.4MM in guaranteed money dwarfs his career earnings to this point. With P.J. Tucker‘s departure to Philadelphia, the 26-year-old Martin could be in line for a bigger role with the Heat in 2022/23.

As John Hollinger of The Athletic observes (via Twitter), signing Martin at the taxpayer mid-level exception likely means Miami will fill out the remainder of its roster with minimum-salary players in order to stay below the tax apron and maintain financial flexibility.

Latest On Kevin Durant, Kyrie Irving

July 6th, 2022 at 9:30am CST by Luke Adams

Both Adrian Wojnarowski of ESPN (appearing on NBA Today) and Shams Charania of The Athletic (appearing on The Pat McAfee Show) stressed on Tuesday that the Nets‘ trade of Kevin Durant could take some time, with the team in no rush to make a deal.

While Wojnarowski observed that being able to have face-to-face conversations with other teams at the Las Vegas Summer League starting this week could help the Nets gather some momentum toward an agreement, he and Charania both noted that many past superstar trades – such as James Harden to Brooklyn or Anthony Davis to Los Angeles – have taken several months to come together.

There has been no indication that Durant will rescind his trade request and happily report to Brooklyn in the fall if the Nets have trouble finding a deal they like, says Charania. However, the Nets have been telling teams that until their asking price (All-Star caliber players and a “boatload” of draft picks) is met, they won’t move the former MVP, according to Charania.

Here’s more on Durant and his teammate and fellow trade candidate Kyrie Irving:

Wojnarowski said on NBA Today that he views the Raptors as the most “seamless” one-on-one trade partner for the Nets with Durant, since other suitors like the Suns and Heat would probably require a third team to get anything done. Wojnarowski said that “people should be watching” the Raptors, while ESPN’s Bobby Marks said during an NBA Today appearance of his own (video link) that he considers Toronto the “leader in the clubhouse.”
Appearing on Sportsnet The Fan’s Morning Show in Toronto (audio link), ESPN’s Brian Windhorst expressed some skepticism that the Raptors will be willing to put Scottie Barnes into an offer for Durant.
Wojnarowski views the Nets’ Tuesday deals with T.J. Warren and Edmond Sumner as another signal that they aren’t looking to rebuild and will want “good players” in any Durant trade. Marks, meanwhile, believes those agreements are a sign that no Durant deal is imminent and the Nets recognized they needed to start filling out their roster rather than waiting for a 5-for-1 type trade to materialize.
Kevin O’Connor of The Ringer makes a case for why he views New Orleans as the most logical landing spot for Durant and why he thinks the Pelicans have more than enough assets to get a deal done.
According to Wojnarowski, the Nets and Lakers are engaged in a “dance” over the Irving negotiations and don’t appear to have made serious inroads toward a deal. On The Pat McAfee Show (video link), Charania agreed, suggesting that it’s not a lock Kyrie will end up in L.A. “There’s no traction on any type of a Lakers deal for Kyrie Irving,” Charania said. “There’s nothing new on that. I’m not quite sure we’re going to see that take place.

Southeast Notes: Heat, Martin, Hampton, Banchero

July 4th, 2022 at 10:00pm CST by Dana Gauruder

The Heat lost P.J. Tucker to the Sixers and reached agreements with Victor Oladipo and Dewayne Dedmon but they still have some unfinished offseason business, Ira Winderman of the South Florida Sun Sentinel writes.

Restricted free agent Caleb Martin remains unsigned but since the Heat do not have his Bird Rights, they are unable to match offers above the $10.49MM mid-level exception. They are not likely to go above the $6.5MM taxpayer mid-level exception, since that would trigger a hard salary cap. They also have to decide whether to bring back Markieff Morris.

They have both the mid-level and bi-annual exceptions at their disposal to pursue other free agents, but using the bi-annual would also result in a hard cap.

We have more from the Southeast Division:

Martin’s restricted free agency buys the Heat a little more time to wait out the Kevin Durant saga while keeping Martin as an option, Anthony Chiang of the Miami Herald notes. Even if Martin receives an offer sheet in the first day of free agency on Wednesday, the Heat have two days to decide whether to match it.
R.J. Hampton has impressed the Magic brass by his willingness to play in the Summer League, according to Khobi Price of the Orlando Sentinel. Hampton wanted to play despite appearing in 64 games during his second NBA season. “I only got to play one summer league,” Hampton said. “It’s a great opportunity for me to get run and get extra reps.”
Top pick Paolo Banchero has been displaying his strength in summer league practices, Price tweets. “He’s a very strong individual. I don’t think he even understands how strong he really is,” Magic coach Jamahl Mosley said of the former Duke forward. “That’s the great part of his willingness to learn and ask questions, that he’s going to find out how he can use his body in different ways to obviously punish defenses but then defensively, how to guard multiple positions.”