Miami Heat Rumors | Hoops Rumors

Southeast Notes: Butler, Thor, Magic, Dinwiddie

August 9th, 2021 at 8:19pm CST by Alex Kirschenbaum

After finalizing his new four-year, maximum contract extension over the weekend, All-NBA Heat swingman Jimmy Butler spoke about why he wanted to commit to Miami long-term, according to Anthony Chiang of the Miami Herald.

“They allow me to be me here, love who I am as a person and player,” Butler said of the Heat organization. “Love the guys I have an opportunity to hoop with. I think we’ll be a really good team. We’re consistently getting better, adding the right amount of vets to get over the hump and win a championship. It means everything to me to represent this great organization.”

Butler, who turns 32 in September, said that he wants to finish his career in Miami.

“It’s a place for me,” Butler said. “Teammates allow me to be me. When I’m wrong, they’re going to tell me I’m wrong. When I’m right they still probably tell me I’m wrong. I love them for that. Blessing to play with these guys and [head coach Erik Spoelstra] and [team president] Pat Riley.”

A four-time All-NBA selection, five-time All-Star, and five-time All-Defensive Team member while with the Bulls, Timberwolves and Heat (he did not earn any of these honors with his other NBA team, the Sixers), Butler showed no signs of slowing down during the 2020/21 regular season. He averaged 21.5 PPG on 49.7% shooting from the field and 86.3% from the free-throw line, as well as career-best averages of 7.1 APG, 6.9 RPG, and 2.1 SPG.

There’s more out of the Southeast Division:

Hornets rookie power forward JT Thor was signed to a four-year deal, with the first two seasons guaranteed, using some of Charlotte’s cap space, reports Bobby Marks of ESPN (Instagram video link). The 18-year-old big man was selected with the No. 37 pick out of Auburn in this year’s draft.
The young core of the rebuilding Magic – including rookie lottery picks Jalen Suggs and Franz Wagner, along with second-year point guard Cole Anthony – is exhibiting encouraging signs of development during NBA Summer League in Las Vegas, writes Dan Savage of Magic.com. “It’s about them developing camaraderie, and their ability to just tie together and move forward growing together,” new head coach Jamahl Mosley said of the Summer League squad. “Just continuing to build off each other and for each other.”
After having waived shooting guard Dwayne Bacon this weekend, the Magic project to have an open 15th roster spot, Josh Robbins of The Athletic tweets. Robbins anticipates Orlando will probably leave this final roster spot available in case an opportunity arises for the team to take on an unwanted contract – along with a draft pick – into its sizable trade exception.
New Wizards starting point guard Spencer Dinwiddie has several intriguing incentives in his three-year, $62MM deal with Washington, as Michael Scotto of HoopsHype details (Twitter link). Dinwiddie will earn a $1.5MM bonus if he plays in 50+ games, $100K if the Wizards win a first-round playoff series, $571K should the Wizards make the Eastern Conference Finals, and $400K if the Wizards qualify for the NBA Finals. As Bobby Marks of ESPN (Instagram video link) first reported, Dinwiddie would net a scant $1 bonus for winning the NBA Finals. Marks added in the same video that the partial guarantee on Dinwiddie’s 2023/24 salary will become fully guaranteed if he plays in 50+ games during the 2022/23 season.

Butler's Extension Begins In 2023/24; Two-Way Spots Up For Grabs

August 9th, 2021 at 11:03am CST by Luke Adams

Jimmy Butler‘s new maximum-salary extension with the Heat will actually be a three-year deal that begins in 2023/24, meaning it’s being tacked onto his 2022/23 player option, according to ESPN’s Bobby Marks (Instagram video). Butler’s salary in ’23/24 will likely be 35% of that year’s cap, so the exact value of his extension isn’t yet known.
The Heat are taking their usual approach to their two-way contract slots, not filling them right away and instead auditioning several players for those openings. As Ira Winderman of The South Florida Sun Sentinel writes, the next week at the Las Vegas Summer League could go a long way toward determining which players have the leg up for those spots. Javonte Smart, A.J. Lawson, RJ Nembhard, Micah Potter, and Marcus Garrett are expected to be in the mix.

Eastern Contract Details: Lowry, Birch, Heat, Dinwiddie, Niang, More

August 8th, 2021 at 4:30pm CST by Luke Adams

Kyle Lowry‘s new three-year, $85MM contract with the Heat is a standard increasing deal, starting at about $26.98MM and rising annually by 5%, tweets Keith Smith of Spotrac.

Based on Lowry’s 2021/22 salary, we now know the value of the traded player exception the Raptors created in their sign-and-trade deal with the Heat, tweets Blake Murphy of The Athletic. That TPE will be worth $4,832,848, which is the difference between Lowry’s new salary and the combined cap hits of Goran Dragic and Precious Achiuwa.

Murphy also confirms that Khem Birch‘s three-year, $20MM deal with the Raptors is a standard increasing contract with no options or partial guarantees — it eats up about $6.35MM of Toronto’s mid-level exception, leaving $3.187MM on that MLE.

Here are more contract details from around the East, courtesy of Smith:

As expected, the new deals for Max Strus, Omer Yurtseven, and Gabe Vincent with the Heat are each two-year, minimum-salary contracts with one year guaranteed and the second year non-guaranteed (Twitter link). P.J. Tucker, meanwhile, got a two-year, $14.35MM contract that uses $7MM of Miami’s mid-level exception in year one. Tucker’s second year is a player option (Twitter link).
Spencer Dinwiddie‘s three-year contract with the Wizards only has a base value of $54MM, rather than the previously-reported total of $60MM+ (Twitter link). The deal, which features unlikely incentives that could push its value higher, has a partial guarantee worth $10MM (of $18.86MM) in year three.
Georges Niang‘s deal with the Sixers came in at $6.765MM over two years, both of which are fully guaranteed (Twitter link).
Trae Young‘s five-year, maximum-salary extension with the Hawks includes a 15% trade kicker (Twitter link).
The numbers are also in for the finalized deals between Jarrett Allen and the Cavaliers (Twitter link), Bobby Portis and the Bucks (Twitter link), George Hill and the Bucks (Twitter link), and Danny Green and the Sixers (Twitter link), with no surprises among that group. As expected, Green’s second year is non-guaranteed and Portis has a second-year player option, while Allen and Hill have fully guaranteed salaries.

Heat Notes: Lowry, Offseason, Yurtseven, Investigation

August 8th, 2021 at 2:50pm CST by Alex Kirschenbaum

New starting Heat point guard Kyle Lowry discussed his expectations for this offseason’s revamped Miami club with media on Friday and Saturday, as Couper Moorhead of Heat.com details.

“On paper it looks great,” Lowry, a 2019 title winner with the Raptors, said of Miami’s new-look roster. “But you have to put the work in on the floor. I don’t ever try to say we can do this, we can do that. At the end of the day you have to go out there, lace ‘em up and do your job. Play defense, put the ball in the hole.”

Miami’s sign-and-trade deal with the Raptors that sent Lowry to the Heat is currently being investigated by the NBA, as the league is cracking down on violations to its anti-tampering stance on free agency.

There’s more out of South Beach:

In his latest notes roundup, Ira Winderman of the South Florida Sun Sentinel discusses the re-signing of Victor Oladipo, plus the departures of Kendrick Nunn (after the team made him an unrestricted free agent) and Andre Iguodala (after the Heat did not pick up the second year of his contract). Winderman notes that Oladipo, Lowry, and new Heat power forward P.J. Tucker were all potential trade targets for Miami during the 2020/21 season, though Miami was unwilling to part with young players Tyler Herro and Duncan Robinson. Winderman adds that Miami’s decision to move on from Nunn speaks to the team’s preference for Herro, regarded as having higher upside.
Now that the Heat have inked a two-year minimum deal with center Omer Yurtseven, Ira Winderman of the South Florida Sun Sentinel examines the seven-footer’s fit as with a Miami team hungry to contend. After Yurtseven’s promising NBAGL 2020/21 season for the Oklahoma City Blue, Miami signed him for the rest of the year. He posted encouraging averages of 26 PPG and 13.5 RPG in two California Classic Summer League this year, and ultimately opted to return to Miami.
Anthony Chiang of the Miami Herald has further details on the NBA’s investigation into the Heat’s Lowry sign-and-trade with the Raptors. Chiang writes that the investigation is most likely being conducted as a result of at least one other NBA team complaining about the expediency of the deal, while Winderman tweets that it’s more about “gun-jumping” than tampering.
Within Chiang’s story, Bobby Marks of ESPN said the sign-and-trade for Lowry almost certainly won’t be voided. “I would say highly, highly unlikely that the trade will be voided and that Kyle is a free agent all of a sudden,” Marks said. “I think what will happen is if they’re found guilty, there will be some financial penalty and draft picks will be lost here.” Marks anticipates the investigation could last for around two weeks.

Heat Notes: Tucker, Oladipo, Haslem, Vincent, Okpala

August 7th, 2021 at 7:31pm CST by Arthur Hill

P.J. Tucker was looking for the right situation in free agency and he believes he has found it with the Heat, according to Barry Jackson and Anthony Chiang of The Miami Herald. Tucker won a ring after being traded to Milwaukee in March, but the Bucks had limited resources to offer him. He wound up signing with Miami for $15MM over two years.

“When you’re a free agent, you’re looking for a fit, coaching styles, team styles, and this (team) is exactly what I do,” Tucker said after the signing was formally announced earlier today. “Last year, I trained in Miami. So this has been a long time coming. I’m super excited.”

Tucker averaged just 3.7 PPG last season with the Rockets and Bucks, but he has a reputation as one of the league’s best defenders. He’s expected to split time at power forward with fellow new addition Markieff Morris. Tucker thinks the Heat are positioned to become contenders again in the East after being swept in the first round last season.

“We have a tough team with guys that get after it. It’s going to be fun,” he said. “You look at our roster, we’re going to be a tough, gritty team, guys that play two ways, can switch multiple positions. More than anything, I can see us being united. Guys who are like minded and play the same way. If you have a bunch of guys like that on the same team, you have special things happening.”

There’s more from Miami:

The Heat are hoping Victor Oladipo may be cleared for full contact by November and could be ready to play in March, Jackson and Chiang state in the same story. A right knee injury limited Oladipo to four games after being acquired in a mid-season trade with Houston, and he underwent surgery on his quadriceps tendon in May. Oladipo re-signed on a one-year, minimum-salary contract that will pay him about $2.4MM.
Miami announced all its major offseason moves on Friday and Saturday, and one roster spot still remains open for veteran big man Udonis Haslem, the authors add. The 41-year-old hasn’t decided whether he will return for another season.
The Heat expect to have Gabe Vincent and KZ Okpala available when the Las Vegas Summer League starts on Sunday, tweets Ira Winderman of The Sun-Sentinel. Both players represented Nigeria in the Summer Olympics and didn’t take part in this week’s Summer League in Sacramento.

NBA Investigating Lowry, Ball Sign-And-Trades For Possible Tampering

August 7th, 2021 at 1:13pm CST by Luke Adams

The NBA has launched investigations into two of the sign-and-trade deals that were agreed upon early in free agency, according to ESPN’s Adrian Wojnarowski and Ramona Shelburne.

Those two deals are the one that sent Kyle Lowry from the Raptors to the Heat – which was officially announced on Friday – and the one sending Lonzo Ball from the Pelicans to the Bulls, which hasn’t been officially completed yet. The NBA is set to investigate possible violations of its tampering policy.

According to Wojnarowski and Shelburne, the league is expected to look into any contact that may have occurred prior to the opening of the free agency negotiating period on Monday at 5:00pm CT. Both agreements were reported within minutes after the negotiating period began.

It’s an open secret that teams and agents begin free agent discussions before the negotiating period officially starts, but the NBA generally frowns on any deals that blatantly violate those rules. Sign-and-trades receive even more scrutiny since they’re more complex and typically require more time to complete than a typical free agent negotiation, Wojnarowski and Shelburne note.

Last year, for instance, an alleged sign-and-trade agreement involving the Bucks, Kings, and Bogdan Bogdanovic was reported several days before free agency officially began. The league ended up taking away Milwaukee’s 2022 second-round pick after investigating that situation, while Bogdanovic – who claimed he never agreed to terms with the Bucks – landed in Atlanta instead.

We’ll see what the investigation into the Lowry and Ball sign-and-trades turns up this year. It’s unlikely that the league would nix either deal, but fines and/or draft-pick penalties don’t seem out of the question, given the manner in which the deals were publicly reported.

One Monday report outlined the specifics of the Lowry sign-and-trade to the Heat nearly three hours before free agency began, though there was some uncertainty for much of the week about whether the deal would involve more pieces than just Goran Dragic and Precious Achiuwa. Lowry’s commitment to Miami was confirmed just minutes into free agency and his agency announced his destination shortly thereafter.

Ball’s deal with the Bulls was reported literally the minute the negotiating window opened, with the full terms of the trade agreement – including another sign-and-trade involving Garrett Temple – surfacing just seven minutes later.

As Wojnarowski notes (via Twitter), the NBA adopted new anti-tampering measures two years ago, giving the league the power to fine teams for up to $10MM, suspend executives, take away draft picks, or even void deals altogether if proof of tampering is found.

The Bucks’ second-round pick forfeiture is the most significant penalty we’ve seen since then. However, as Wojnarowski and Shelburne point out, the NBA’s decision in that case took into consideration that Bogdanovic didn’t end up signing with Milwaukee, so the league could come down a little harder on Miami and/or Chicago.

Heat Sign P.J. Tucker

August 7th, 2021 at 11:47am CST by Luke Adams

AUGUST 7: The signing is official, according to a team press release.

“P.J. Tucker is the perfect addition to this team,” Heat president Pat Riley said. “He brings both shooting and most importantly, the ability to defend a lot of perimeter players. We love his versatility in order to put a defensive team on the court, where all five guys can defend, while also having enough shooting and scoring to win games.”

AUGUST 2: The Heat have agreed to a deal with free agent forward P.J. Tucker, sources tell Shams Charania of The Athletic (Twitter link).

According to Charania (Twitter link), Tucker will get a two-year, $15MM contract from Miami, which suggests the team is putting a chunk of its mid-level exception toward the signing. The deal will feature a player option in year two, Charania adds (via Twitter).

Tucker doesn’t bring much to the table on offense besides the occasional corner three (he’s a career 35.9% shooter from beyond the arc), but he’s a physical, versatile defender who is just as willing to battle in the post with centers as he is to guard quicker guards and wings on the perimeter.

Tucker will fit in nicely on a Heat squad that already features tough defenders like Bam Adebayo, Jimmy Butler, and Kyle Lowry.

The Heat had been looking to address their power forward position with their mid-level exception and will likely remain on the lookout for at least one more player who can play minutes at the four, though their cap flexibility is now limited. Barry Jackson of The Miami Herald reports (via Twitter) that the club has an offer out to veteran forward Markieff Morris.

Jimmy Butler Signs Max-Salary Extension With Heat

August 7th, 2021 at 9:38am CST by Dana Gauruder

AUGUST 7: Butler has officially signed the extension, according to a team press release.

“Jimmy is the anchor and face of our franchise along with Bam (Adebayo) and Kyle (Lowry),” Heat president Pat Riley said in a statement. “With Jimmy, we get an All-NBA player, an All-NBA Defensive player, tough as nails and a complete player across the board. He’s very deserving of this contract as he continually puts himself at the top of the league at his position. Having him in the HEAT organization has been a great, great coup for us.”

AUGUST 6: The Heat and Butler are in formal agreement on a new four-year extension, reports Ira Winderman of The South Florida Sun Sentinel.

The extension will include a player option for the 2025/26 season, according to Winderman, who says the deal is worth a projected $184MM.

AUGUST 2: Jimmy Butler is expected to sign a four-year max extension with the Heat, Jon Krawczynski and Shams Charania of The Athletic report (Twitter link).

Butler can officially sign the extension on Friday. Based on the projected 2022/23 salary cap, the extension will be worth approximately $186.6MM.

The acquisition of Butler in a sign-and-trade with Philadelphia in 2019 propelled the club to the 2020 Finals and he’s looked upon as the leader of a team built on toughness and defense.

There was growing optimism that Butler and the franchise would agree to an extension and that has apparently come to fruition. Butler’s extension is part of a frenzy of planned moves designed to get Miami back to the Finals next season, according to Marc Stein of Substack.

Miami is also acquiring veteran point guard Kyle Lowry and re-signing sharpshooting wing Duncan Robinson.

Injuried limited Butler to 52 regular season games this past season but he still put up big numbers — 21.5 PPG, 6.9 RPG, a career-high 7.1 APG and 2.1 SPG.

Raptors Notes: Lowry, Achiuwa, Dragic, Birch, TPE, Ujiri

August 7th, 2021 at 8:12am CST by Luke Adams

There was some speculation leading up to free agency that Toronto would make an effort to re-sign veteran point guard Kyle Lowry, but comments made on Friday by the six-time All-Star and by Raptors general manager Bobby Webster suggested both sides felt the time was right to move on, writes Josh Lewenberg of TSN.ca.

“I think the direction Toronto is going in is they want to give the opportunities to (Fred VanVleet), Pascal (Siakam), OG (Anunoby), a couple young guys, the young draft picks they have,” Lowry told reporters. “They have some great core pieces. They’re in great hands and great shape. It was a situation for me where it was an opportunity to do something different… It’s time to turn the page in the book.”

Webster conveyed a similar sentiment: “You probably could see (during the 2020/21 second half) the direction the team was going in, and jumping up in the draft to get the fourth pick, philosophically, I think going young became kind of a more desirable path.”

Once they recognized Lowry would be moving on, the Raptors could’ve decided to let him walk in order to open up cap room to pursue a free agent. However, that path offered less certainty, especially if the team made an offer sheet to a restricted free agent (such as Jarrett Allen) not knowing whether it would be matched. The Raptors preferred to acquire Goran Dragic and Precious Achiuwa via a sign-and-trade with the Heat, Lewenberg writes.

“Precious is a huge part of this deal for us,” Webster said. “We really liked him last year in the draft so I think that was a huge get in the sense of a young player that we like and fits.”

Here’s more on the Raptors:

Throughout the week, there were rumors that Toronto may try to flip Dragic to a third team after acquiring him via sign-and-trade. Webster said on Friday that’s not Plan A. “Obviously, if we got an offer that was too good to refuse we’d listen but ultimately we want Goran here,” the Raptors’ GM said, per Lewenberg. “He’s happy to be here, obviously he’s been able to carve out a very nice career for himself. Talking to (team president) Masai (Ujiri), talking to everyone here, we’ve watched him a ton and I know a lot of people have seen him kill us. As a basketball player, as a vet, he provides a lot of value to us.”
After his new three-year deal with the Raptors was formally announced on Friday, Canadian center Khem Birch told reporters he was focused throughout free agency on returning to the team, as Doug Smith of The Toronto Star writes. “It feels like a dream come true,” Birch said. “It’s so surreal right now … just one of those free agencies where I knew where I wanted to go. I don’t even know what other teams were interested in me. I just wanted to come here regardless of the price or the years or anything. I just knew this was a great fit. I’m just happy I’m here.”
The Raptors will generate a traded player exception as a result of the Kyle Lowry sign-and-trade to Miami. It’ll be worth somewhere between $4.8MM and $7.7MM, depending on the specific structure of Lowry’s new contract, writes Blake Murphy of The Athletic.
Speaking to Jared Weiss of The Athletic, Raptors chairman Larry Tanenbaum confirmed that Masai Ujiri‘s new vice chairman title won’t give him an ownership stake in the franchise, but said it reflects his standing in the organization. “I chair the Raptors, but it’s just a recognition that we’re really working together,” Tanenbaum said. “We’re partners.”
Tanenbaum added in the same interview that the team’s plan is to have Lowry retire as a Raptor down the road and to retire his number. “He will retire as a Raptor and his number will absolutely go up there,” Tanenbaum said. “The honor will be the first one (for the Raptors) and I love Kyle.”

Heat, Raptors Finalize Kyle Lowry Sign-And-Trade

August 6th, 2021 at 5:05pm CST by Luke Adams

The Heat have officially acquired point guard Kyle Lowry from the Raptors via sign-and-trade, Miami announced today in a press release. Toronto received point guard Goran Dragic and big man Precious Achiuwa in the deal.

Lowry was one of the first free agents to make a commitment when the negotiation period opened on Monday evening, but it took all week for the details of the sign-and-trade to be confirmed. Dragic and Achiuwa were always believed to be part of the deal, but there were rumors that Dragic would be flipped to a third team or that the Raptors would receive additional pieces. Ultimately, it’s just a two-for-one swap.

Lowry’s new, fully guaranteed contract with the Heat was initially reported to be worth $90MM over three years, but it’ll actually come in at $85MM, per Shams Charania of The Athletic (Twitter link). Miami would’ve needed to include more salary in addition to Dragic and Achiuwa for matching purposes in order to accommodate that $90MM figure, notes Blake Murphy of The Athletic (Twitter link).

The Heat, who have been after Lowry since at least the trade deadline in March, will unite the six-time All-Star with his close friend Jimmy Butler, who has agreed to sign a lucrative new contract extension of his own with Miami.

While a guaranteed three-year, $85MM investment is a risk for a player who is entering his age-35 season, Lowry has championship experience and is an ideal fit on virtually any roster due to his ability to handle the ball, knock down outside shots, and provide strong defense. He averaged 17.2 PPG, 7.3 APG, and 5.3 RPG on .436/.396/.875 in 46 games (34.8 MPG) in his final season as a Raptor.

“Kyle Lowry is a great leader and an exceptional defender,” Heat president Pat Riley said in a statement. “As a point guard, he will bring important skills to run the offense, score the ball and defend with the very best.”

The Raptors, meanwhile, still could theoretically flip Dragic to another team in the coming days, weeks, or months. However, Marc Stein reported earlier today that Toronto has “resisted external interest” in the Slovenian guard from the Mavericks and other teams.

Barring further trades, Dragic will join the Raptors’ backcourt alongside Fred VanVleet, Malachi Flynn, and Gary Trent Jr., while Achiuwa will battle for minutes in a frontcourt rotation that includes Khem Birch and Chris Boucher.