Heat Rumors

17 Trade Exceptions To Expire On Monday

A total of 17 traded player exceptions around the NBA will expire if they’re not used by the end of the day today, as Bobby Marks of ESPN tweets.

Traded player exceptions allow a team to acquire a player without any outgoing salary, as long as the incoming player’s salary fits within the amount of the TPE (plus $100K of wiggle room). Trade exceptions are generated in certain deals and expire after one year if they haven’t been used.

We go into far more detail on the concept of the traded player exception in our glossary entry, so be sure to check that out if you want more info.

Most – if not all – of the 17 TPEs expiring today won’t be used. Many of those exceptions are worth less than $2MM, limiting their usefulness. The Warriors, for instance, have four trade exceptions set to expire today, but the most valuable one is worth just $1,925,880.

However, there are a few more notable TPEs worth mentioning. Here are the five most valuable traded player exceptions expiring today:

  1. Miami Heat: $7,533,867
  2. Memphis Grizzlies: $4,185,185
  3. Los Angeles Clippers: $3,567,720
  4. Sacramento Kings: $2,673,334
  5. Portland Trail Blazers: $2,338,847

The Nuggets, Rockets, Timberwolves, Sixers, and Wizards also have small exceptions expiring today.

Most higher-value trade exceptions, including the Celtics‘ $28.5MM TPE and the Thunder‘s $27.5MM TPE, won’t expire until the offseason.

The full list of current trade exceptions can be found right here.

Aaron Gordon Reportedly Requests Trade; Rockets, Others In Mix

8:56am: Gordon has reportedly requested a trade through his representatives, sources tell Jared Weiss and Sam Amick of The Athletic. A report last week suggested that the Magic forward would be “open to a change of scenery.”


8:42am: The Rockets and Magic have engaged in serious talks about a potential Aaron Gordon trade, league sources tell Zach Lowe of ESPN. While Lowe isn’t clear on the exact terms that have been discussed, he says it would likely take significant draft compensation from Houston (ie. multiple picks) to land Gordon.

Shams Charania of The Athletic published a similar report, writing that the Rockets and Magic have discussed a Gordon trade that would involve two first-round picks. A previous report indicated that Orlando was seeking a first-rounder and a quality young player, so this sounds like a similar ask.

Both Lowe and Charania say that no deal is imminent, but that there have been substantive talks. Although Gordon has been the subject of trade rumors for a year or two, this is the first time a deal really feels possible, according to Lowe, who suggests the odds could even be better than 50/50.

If the Magic do trade Gordon, it wouldn’t necessary be to Houston. Both Lowe and Charania say that the Timberwolves, Nuggets, and Trail Blazers remain interested, while sources tell Charania and The Athletic’s Jared Weiss that the Celtics are also still eyeing Gordon.

A Sunday report on the discussions between the Rockets and Magic suggested that Victor Oladipo could be part of those talks, with the two-time All-Star re-routed to a third team.

According to Charania, Houston’s asking price for Oladipo is thought to be a quality first-round pick or a good young player — if the team gets a first-rounder for Oladipo, it could be flipped to Orlando for Gordon. However, some teams around the NBA are wondering if the Rockets will have to settle for second-round compensation for Oladipo, Charania writes. League sources tell The Athletic that the Heat, Knicks, and Pistons have showed some interest in Oladipo.

Heat, Sixers Lead Pursuit Of Kyle Lowry

MARCH 22: The Heat and Sixers are the leaders for Lowry if the Raptors move him, according to Shams Charania of The Athletic, who says that sources with knowledge of the point guard’s mindset thinks he wants to compete for a championship.

Meanwhile, teams have told ESPN’s Zach Lowe that the Raptors haven’t been aggressive in engaging in Lowry discussions yet, but that could change between now and Thursday’s deadline. Lowe expresses some skepticism that the Heat would part with Herro in a deal for Lowry.


MARCH 21: The Heat are one of several teams expressing interest in Raptors star Kyle Lowry ahead of the March 25 trade deadline, according to Kevin O’Connor of The Ringer, who says Miami’s interest appears to be the strongest among Lowry’s potential suitors.

The Clippers and Sixers also retain an interest in Lowry, who’s set to become an unrestricted free agent at season’s end. Miami is Lowry’s preferred destination should he be moved ahead of the deadline, league sources tell O’Connor, noting the close relationship between him and Jimmy Butler.

In any deal involving Lowry between the Heat and Raptors, Toronto would expect to acquire either Tyler Herro or Duncan Robinson in return, according to O’Connor.

On the season, Lowry has averaged 17.6 points, 5.6 rebounds and 7.5 assists per game, shooting 44% from the field and 39% from deep in 34 contests. He was a focal point of the Raptors’ 2019 NBA championship team and is in his ninth season with the franchise.

Miami is also said to be the favorites to sign LaMarcus Aldridge if he receives a buyout from the Spurs, O’Connor adds. Additionally, the Heat have a $7.5MM trade exception generated in the 2020 deal featuring Jae Crowder that will officially expire at the end of Monday.

Heat Notes: Losing Streak, Shooting, Trade Deadline, Free Agency

After winning 11 of 12 games, the Heat have now lost three straight contests and currently sit fifth in the Eastern Conference standings at 22-21, Anthony Chiang of the Miami Herald writes.

Miami lost a tough 109-106 game to Indiana in overtime on Sunday, ending the contest with Tyler Herro at point guard due to the absence of Goran Dragic. The team compiled 14 turnovers and often struggled to get good looks, shooting below 30% from three-point range for the third game in a row.

“Losing sucks. It’s either winning or misery,” said Bam Adebayo, who finished with 29 points, 10 rebounds and three blocks in the outing. “… Nobody wants to lose three games in a row, especially considering we fought back from being at the bottom of the East.”

The Heat have upcoming games against the Suns on Tuesday, Blazers on Thursday and Hornets on Friday.

Here are some other notes out of Miami tonight:

  • Barry Jackson of the Miami Herald examines why the team has recently struggled with three-point shooting. The Heat are shooting 26-of-105 (24.7%) from deep in their last three games, largely due to inconsistent play at point guard and missing makeable shots. “I think we’re getting good looks,” Duncan Robinson said. “There’s definitely areas for improvement, just in terms of ball movement, player movement, everything. It’s not anyone being selfish or anything like that. It’s just about finding that connectivity and that rhythm. Sometimes it takes seeing a couple go through to really build that. So I think we all agree that we’re right there. We’ve got plenty of guys that can take and make shots. So it’s only a matter of time. But you don’t just want to sit back and be just kind of passive with that stuff. You have to try to work for solutions.”
  • Miami is being faced with a trade deadline conundrum, Ira Winderman of the Sun Sentinel examines. The Heat have expressed interest in players such as Kyle Lowry and LaMarcus Aldridge, but both talents are set to become free agents at season’s end.
  • Winderman also explores whether the team is facing a tricky free-agency proposition in his latest “Ask Ira” mailbag.

Ariza: Miami “A Place I Definitely Wanted To Be”

Veteran swingman Trevor Ariza made his debut for the Heat on Friday, just days after he was traded by the Thunder to Miami ahead of the 2021 NBA trade deadline. The 35-year-old has now suited up for 10 different teams during his well-traveled career.

Ariza tallied just two assists in six minutes of action in Miami’s loss but he nonetheless feels capable of helping the reigning Eastern Conference champions. Despite struggling early, the Heat occupy fourth place in the Eastern Conference with a 22-20 record and Ariza thinks it’ll be a good fit for him.

“This is a place I definitely wanted to be,” Ariza told reporters, including Ira Winderman of the South Florida Sun-Sentinel (Twitter link).

Ariza had not played all season after he was acquired by Oklahoma City and reached an agreement to remain away from the team. In 53 games between the Kings and Blazers last season, Ariza averaged 8.0 PPG and 4.8 RPG.

Now, in his attempt to compete for a title, Ariza feels his situation in Miami is a suitable one.

“I just feel it matches my style of person,” he said (Twitter link).

Free Agent Stock Watch: Southeast Division

Throughout the season, Hoops Rumors takes a closer look at players who will be free agents or could become free agents this off-season. We examine if their stock is rising or falling due to performance and other factors. This week, we take a look at players from the Southeast Division:

Moritz Wagner, Wizards, 23, PF/C (Down) – Signed to a three-year, $5.99MM deal in 2018

Wagner’s younger brother Franz is pursuing a national championship with Michigan and could be a lottery pick this summer. Moe Wagner, who played in the national championship game with the Wolverines in 2018, is currently biding his time on the Wizards’ bench.

Despite the season-ending injury to starting center Thomas Bryant, Wagner has fallen behind Alex Len and Robin Lopez in Scott Brooks’ rotation and hasn’t gotten his number called in the last four games. Washington declined its fourth-year option on Wagner in December, so he’ll be an unrestricted free agent this summer. A first-round pick by the Lakers in 2018, Wagner can only hope he’ll get a fresh start after seeing his career stall in Washington.

Kris Dunn, Hawks, 27, PG/SG (Down) – Signed to a two-year, $10MM deal in 2020

Dunn left Chicago and signed a two-year deal with the anticipation that he’d be a second-unit mainstay in Atlanta. Hawks fans are still waiting to see Dunn take the court. He underwent right ankle surgery in late December and has yet to make his team debut, though he has returned to practice. For a team intent on making the postseason, the Hawks may not have the luxury of waiting for Dunn to get into a rhythm. Thus, there’s no guarantee he’ll be in the rotation when he suits up. Dunn likely agreed to a $5MM player option with the aim of playing well enough to test the market again this summer. It’s a safe bet now he’ll exercise that option.

Duncan Robinson, Heat, 26, SF (Up) – Signed to a three-year, $3.1MM deal in 2018

Robinson’s name has been linked to some trade rumors, but whether or not Miami retains him, he’ll be making way more money next season. Robinson is expected to command an offer in the $15-$20MM range annually as a restricted free agent. That’s the value of a wing who can consistently knock down 3-pointers. Robinson established himself as a big-time shooter when he made 44.6% of his 3s last season in his second NBA campaign. That percentage is down to 38.9% this season but he’s still receiving around 30 MPG as a starter in coach Erik Spoelstra’s rotation.

Devonte’ Graham, Hornets, 26, PG/SG (Down) – Signed to a three-year, $4MM deal in 2018

It’s been a rough season for Graham after his breakout sophomore campaign in which he averaged 18.2 PPG and 7.5 APG. He’s dealt with some injuries, including a sore knee, and now he’s lost his starting job to rookie phenom LaMelo Ball.

The less he plays, the more time he spends hanging around the 3-point line rather than attacking the rim. With Ball leading the pack for the Rookie of the Year award, there’s speculation that Graham – a restricted free agent after the season — is available in trade talks. If Charlotte doesn’t deal Graham, it will have to decide how much it’s willing to pony up to retain him if he receives an offer sheet.

Photo courtesy of USA Today Sports Images

Heat Moved On Ariza In Part Due To High Prices For Gay, Tucker

The Heat made their deal for Trevor Ariza with over a week to go until the March 25 trade deadline. One reason for Miami’s willingness to act early was the team’s inability to find common ground with the Spurs or Rockets on trade compensation for Rudy Gay or P.J. Tucker, a source tells Barry Jackson of The Miami Herald.

Gay and Tucker had been previously mentioned as potential Heat targets, and Gay was the preferred choice for some of those within the organization, according to Jackson. However, the Spurs’ asking price was deemed too high for Miami’s liking — the two teams also made no progress in talks for LaMarcus Aldridge, Jackson adds.

Heat Notes: Dinwiddie, Ariza, Gay, Bjelica, Winslow

The Heat are among the teams with interest in Nets point guard Spencer Dinwiddie, according to Ian Begley of SNY.tv, who previously reported that Detroit is eyeing Dinwiddie as well.

Miami’s interest in Dinwiddie is curious — the Heat presumably want to make a push to get back to the NBA Finals, and the 27-year-old is considered likely to miss the rest of the season due to a partially torn ACL. It also may be tricky for Miami to make a deal with another Eastern Conference contender, lest they risk strengthening a potential playoff opponent.

On top of that, the Heat have the ability to open up some cap space this offseason, so Dinwiddie’s Bird rights wouldn’t be as valuable to them as they would be to teams without any projected room. So while it’s not impossible to imagine Brooklyn and Miami making a deal involving the veteran guard, it seems somewhat unlikely.

Here’s more on the Heat:

  • In the wake of Miami’s acquisition of Trevor Ariza, Anthony Chiang of The Miami Herald breaks down what the deal means for the team, while Barry Jackson of The Miami Herald gets some feedback from an NBA scout on the 35-year-old’s fit. Ariza has typically played the small forward position, but Jackson’s source expects him to be a de facto power forward in Miami. “In today’s day and age, Ariza can be a four,” the scout said. “There’s so little distinction between threes and fours when you look at who’s on the floor. I don’t think that’s a problem at all.”
  • Within the same story, Jackson suggests that it may no longer make sense for the Heat to pursue some veteran forwards who were previously believed to be targets, such as Rudy Gay and Nemanja Bjelica. And while LaMarcus Aldridge remains a possibility in a buyout scenario, Jackson is unsure the Spurs big man would get a ton of playing time in Miami if Kelly Olynyk continues to play well and Ariza establishes himself as a rotation player.
  • Before playing his old team for the first time on Wednesday, Grizzlies forward Justise Winslow expressed gratitude to the Heat, with whom he spent the first four-and-a-half years of his NBA career. “More than anything, I want to see those faces, just to tell them, ‘Thank you,'” Winslow said, per Michael Wallace of Grizzlies.com. “Because I wouldn’t be here without their guidance and without their support. It’s no hard feelings, just a lot of gratitude from me.”

Heat Interested In Aldridge As Buyout Candidate

  • The Heat may not be done adding 35-year-old NBA veterans to their roster this season, following the news of Miami’s trade for Trevor Ariza today. Sources tell Marc Stein of the New York Times (via Twitter) that the Heat will remain in pursuit of former All-Star LaMarcus Aldridge, who is currently away from the Spurs as they try to coordinate a trade. Stein notes that Miami would likely look to add Aldridge in the event of a buyout, not a trade.

Heat, Thunder Finalize Trevor Ariza Trade

5:22pm: The Heat have officially announced the deal (via Twitter). As had been expected, the Thunder announced in a press release that Leonard would remain away from the team.

“Leonard will not be reporting to Oklahoma City and will not be an active member of the organization,” the statement read in part.

Ira Winderman of the South Florida Sun Sentinel tweets that Ariza has been undergoing tests for the novel coronavirus COVID-19 in anticipation of a potential deal, and hopes to suit up for Miami as soon as Friday, when the Heat host the Pacers.


1:57pm: As expected, Leonard has signed off on the trade, confirms Tim Reynolds of The Associated Press (Twitter link).


1:32pm: The Heat and Thunder are finalizing a trade that will send forward Trevor Ariza to Miami in exchange for center Meyers Leonard and a 2027 second-round pick, reports Adrian Wojnarowski of ESPN (Twitter link).

As Wojnarowski notes, Leonard’s contract gives him the option of vetoing a trade, but he’s expected to sign off on the deal. Although the veteran big man likely won’t ever play for Oklahoma City, he’ll probably remain on the roster through the deadline in case he can be used in another deal, tweets Joe Mussatto of The Oklahoman.

After starting the 2019/20 season in Sacramento, Ariza was dealt to Portland and played well for the Trail Blazers, averaging 11.0 PPG and 4.8 RPG on .491/.400/.872 shooting in 21 games (33.4 MPG). However, he opted out of the summer restart, then was traded multiple times in the 2020 offseason, ultimately landing in Oklahoma City. Ariza and the Thunder reached an agreement to have him remain away from the team.

Since he’s 35 years old and has essentially spent a full calendar year out of the NBA, it’s unclear how much Ariza has left in the tank, but the Heat will pay a very modest price to find out.

Leonard is out for the season with a shoulder injury and was recently fined and suspended for using an anti-Semitic slur during a video game live stream. While his $9.4MM salary for this season is guaranteed, his $10.15MM salary for 2021/22 is a team option and has long been viewed as a lock to be declined. He’s just being included in the deal to sufficiently match Ariza’s $12.8MM expiring contract.

The real asset going to the Thunder in the swap is the future second-round pick, which was one of the only picks Miami had left available to trade. Even though they won’t actually receive it for another six years, the Thunder will be happy to add that 2027 selection to their ever-growing stash of draft assets, especially for a player who didn’t play a single game for the club.

Even after trading for Ariza, the Heat will have a handful of assets to pursue other deals prior to next Thursday’s deadline, including Andre Iguodala‘s and Kelly Olynyk‘s expiring contracts, a $7.5MM trade exception, and a handful of promising young players. Because they’re trading Leonard, they’ll lose the $4.7MM disabled player exception they received after he suffered his season-ending injury, as ESPN’s Bobby Marks observes (via Twitter).

Miami remains about $5.4MM below the tax line and still has approximately $10.6MM of breathing room below the hard cap, Marks adds (via Twitter).

If the Thunder don’t use one of their existing traded player exceptions to take on Leonard’s salary, they’ll create a new $3.4MM TPE in the deal. They could very well be active again before the deadline, with veterans like George Hill, Al Horford, and Mike Muscala among their potential trade candidates.

Photo courtesy of USA Today Sports Images.