Miami Heat Rumors | Hoops Rumors

Western Contract Details: Grizzlies, KCP, Hood, Thunder

November 24th, 2020 at 5:21pm CST by Luke Adams

John Konchar‘s new deal with the Grizzlies, which will use part of the team’s mid-level exception, is guaranteed for the first two seasons, according to Keith Smith of Yahoo Sports (Twitter link). In 2022/23, only $840K of Konchar’s full $2.3MM salary is guaranteed, and his $2.4MM salary for ’23/24 is non-guaranteed, Smith adds.

Konchar was one of a handful of Grizzlies who signed a multiyear contract that isn’t fully guaranteed on the back end. As Smith explains (via Twitter), De’Anthony Melton‘s four-year contract, which has a descending structure, only has a partial guaranteed of $1.5MM on his $8MM salary for 2023/24.

Meanwhile, Jontay Porter, who got a three-year deal, has a partial guarantee of $300K on his $1.95MM salary for 2021/22, then has a non-guaranteed $2MM salary in ’22/23, per Smith (Twitter link). Porter’s contract also came out of Memphis’ MLE.

Here are a few more contract details from around the Western Conference, all courtesy of Smith:

Kentavious Caldwell-Pope‘s new three-year deal with the Lakers is worth about $39.12MM in total and features exactly $30MM in guaranteed money. Only $4.89MM of $14MM is guaranteed in year three (Twitter link).
Rodney Hood, who re-signed with the Trail Blazers, will earn $10.05MM in 2020/21 and then will have to be retained through June 23, 2021 in order to have his second-year salary of $10.85MM guaranteed (Twitter link).
As expected, the three players who were signed-and-traded from the Pelicans to the Thunder for salary-matching purposes in the Steven Adams trade received three-year contracts with only the first year guaranteed. Zylan Cheatham ($1,445,697) and Josh Gray ($1,620,564) will make the minimum, while Kenrich Williams gets $2MM (Twitter links).

Eastern Contract Details: Heat, Rondo, Harris, Clark, Raptors

November 24th, 2020 at 10:10am CST by Luke Adams

Although Maurice Harkless‘ one-year, $3.623MM deal is exactly the same amount as the bi-annual exception, the Heat completed the signing using a portion of their mid-level exception, according to Keith Smith of Yahoo Sports (Twitter link). Avery Bradley received the remaining portion of the $9.258MM MLE, for a first-year salary of $5.635MM, Smith adds (via Twitter).

The Heat will still be hard-capped as a result of using the full mid-level exception, but they now retain their bi-annual exception to use either this season or next year, if they remain over the cap in 2021/22.

Smith (Twitter link) also passes along the exact details on Meyers Leonard‘s new contract with the Heat, which has a $9.4MM first-year salary and a team option for 2021/22 worth $10.152MM.

Here are a few more specific details on some of the new free agent contracts signed in the last couple days, via Smith unless otherwise indicated:

Rajon Rondo‘s two-year, $15MM deal with the Hawks has matching cap hits of $7.5MM this season and next year. It also includes $750K in annual bonuses – tied to games played and playoff appearances – that could increase the annual value to $8.25MM (Twitter link).
Joe Harris‘ new four-year contract with the Nets technically has a base value of $72MM, with $500K in annual bonuses tied to games played, playoff games played, and team performance (Twitter link).
The Magic used part of their mid-level exception to sign Gary Clark to a contract starting at $2MM. His $2.1MM second-year salary won’t become guaranteed until seven days after the 2021 moratorium (Twitter link).
The Raptors‘ deals for Aron Baynes, Chris Boucher, and DeAndre’ Bembry will all be non-guaranteed in year two rather than technically featuring team options, tweets Michael Grange of Sportsnet.ca. That means they’ll have to be waived next summer if Toronto doesn’t want to retain them for two years.

Lakers Trade McGee, Future Second-Rounder To Cavs

November 23rd, 2020 at 4:43pm CST by Alex Kirschenbaum

NOVEMBER 23: The deal is official, according to a press release from the Cavs. Cleveland acquires McGee and the Lakers’ second-round pick in exchange for McKinnie and Bell, as expected.

NOVEMBER 22: The Lakers are set to send center JaVale McGee and a future second-round draft pick to the Cavaliers, according to Adrian Wojnarowski of ESPN (via Twitter). This will create flexibility below the hard cap to allow the Lakers to sign veteran center Marc Gasol.

Chris Fedor of Cleveland.com tweets that the second-round pick will be from the 2026 NBA draft. Fedor reports in a separate tweet that small forward Alfonzo McKinnie and big man Jordan Bell will be headed to Los Angeles in the deal.

McGee has a $4.2MM cap charge for 2020/21, which the Cavaliers have no way to absorb without sending out some salary themselves. McKinnie ($1.76MM) and Bell ($1.76MM) are currently on non-guaranteed deals, but their salaries will have to be at least partially guaranteed to make the deal work. The Cavs have to send out about $2.34MM and non-guaranteed money doesn’t count for salary-matching purposes.

Bobby Marks of ESPN tweets that the likely outcome will see McKinnie being fully guaranteed, while Bell gets about a $600K guarantee. The Lakers could then waive and stretch Bell to create a little extra flexibility.

McGee started at center for most of the Lakers’ 2019/20 championship season, but was supplanted in the starting lineup during the last two rounds of the playoffs by the more mobile Markieff Morris or Dwight Howard most of the time, with Anthony Davis shifting from power forward to center to close out the Heat in Game 6 of the Finals. McGee is a three-time champion thanks to tenures with the Warriors and Lakers.

It doesn’t sound as if the Cavaliers view McGee as a mere salary dump. The team wanted a veteran big man with experience coming off the bench behind Andre Drummond, according to Fedor, so McGee will replace Tristan Thompson on the roster. Cleveland continues to explore possible free agent deals involving the mid-level, with a focus on backup point guard, per Fedor.

Luke Adams contributed to this story. Photo courtesy of USA Today Sports Images.

Southeast Notes: Hayward, Bryant, Wall, Heat

November 23rd, 2020 at 3:32pm CST by Alex Kirschenbaum

The Hornets made one of the biggest and most controversial splashes in free agency, signing injury-prone forward Gordon Hayward to a four-year, $120MM contract. Due to injuries and the development of his Boston teammates, Hayward was never able to return to his All-Star form while with the Celtics.

Although the Hornets’ $120MM commitment to Hayward is widely viewed as an overpay, it didn’t come out of left field. In today’s edition of The Lowe Post podcast, Zach Lowe of ESPN suggests that the Hornets’ offer to Hayward was not significantly higher than that of some competing clubs hoping for his services in free agency.

“You want to clown the contract?” Lowe said (per RealGM). “That’s fine. Just know it’s not like the Pacers and the Celtics were offering $80MM. They weren’t offering $120MM. But my best intel is something like $105MM, $108MM, $102MM, $110MM.”

Rick Bonnell of the Charlotte Observer examines Hayward’s fit with the Hornets, conceding that the deal is probably an overpay. However, he also contends that Hayward can supply veteran leadership to the Hornets’ young core while being by far their best player, if healthy. Hayward will be leaned on to supply multifaceted scoring and is an expert play-maker. He also will be able to convincingly slot into the lineup at small forward, power forward, and even shooting guard.

There’s more out of the Southeast Division:

Wizards general manager Tommy Sheppard said today that the team informed every center it spoke to in free agency that Thomas Bryant would remain the Wizards’ starter, according to Quinton Mayo of NBC Sports Washington (Twitter link). “Certainly probably rubbed some guys the wrong way who thought they could come in here and start,” Sheppard said. The club ultimately signed Robin Lopez to back up Bryant.
Beyond the churning NBA rumor mill, Wizards point guard John Wall has remained active during the offseason. Wall will purchase an ownership stake in the Australian NBL club the South East Melbourne Phoenix, Marc Stein of the New York Times tweets. Los Angeles entrepreneur Romie Chaudhari heads the ownership group for the Phoenix, which also includes and Cavaliers reserve guard Dante Exum, plus retired big men Zach Randolph and Al Harrington and retired swingman Josh Childress.
Point guard Goran Dragic and backup center Meyers Leonard are excited to return to the Heat, according to Joe Beguiristain of Heat.com. Miami prioritized re-signing both players to lucrative two-year contracts with team options for the second year. “When free agency hit, we pretty much made our quick deal,” Dragic commented. “First of all, it felt like there was unfinished business for our team and for me because, obviously, going through the ankle injury was not easy, and I feel like I could have helped in many different ways,” Leonard said.

Heat Sign Breein Tyree, Paul Eboua

November 23rd, 2020 at 10:20am CST by Luke Adams

NOVEMBER 25: The Heat have issued a pair of press releases officially announcing their deals with Tyree and Eboua. Both players signed Exhibit 10 contracts, according to Ira Winderman of The South Florida Sun Sentinel (Twitter link).

NOVEMBER 23: The Heat are adding a pair of undrafted free agent rookies to their roster, as Barry Jackson of The Miami Herald details. The team has signed former Ole Miss guard Breein Tyree and has also received a commitment from Cameroonian forward Paul Eboua, per Jackson.

Tyree, who spent all four years of his college career at Mississippi, averaged 19.7 PPG, 3.7 RPG, and 2.5 APG on .427/.360/.822 shooting in 31 games (34.6 MPG) as a senior.

Eboua, who had been playing for Victoria Libertas in Italy, declared for the draft as an early entrant earlier this year. Agent Rade Filipovich, who referred to Eboua as “the best athlete in the draft,” told Jackson that a number of teams expressed interest in his client. Eboua chose the Heat due in large part to the organization’s player development track record.

Tyree and Eboua both figure to attend the Heat’s training camp on non-guaranteed deals and compete for the Heat’s open two-way slot, Jackson writes. Gabe Vincent currently occupies the club’s other two-way slot.

Eastern Rumors: Millsap, Celtics, Hayward, Crowder

November 21st, 2020 at 2:37pm CST by Luke Adams

The Celtics are showing “strong interest” in signing veteran big man Paul Millsap, league sources tell Jared Weiss of The Athletic (Twitter link). Adam Himmelsbach of The Boston Globe (Twitter link) hears from his own source that Boston is currently at the top of Millsap’s list as he weighs his options. A decision is expected later today, Himmelsbach adds.

While the Celtics aren’t expected to create any cap room as a result of Gordon Hayward‘s departure, the team now has some added cap flexibility to make sign-and-trade and/or use its full mid-level exception, opening up a few options in free agency.

Here are a few more notes from around the East:

Speaking of Hayward, Hornets owner Michael Jordan called the veteran forward late last night in an effort to close the deal for Charlotte, according to ESPN’s Zach Lowe (Twitter link). Jordan’s pitch must have been effective, though the $120MM the Hornets will apparently pay Hayward over the next four years probably didn’t hurt either.
The Heat offered Jae Crowder a two-year deal that would have paid him $14MM in 2020/21, according to Barry Jackson of The Miami Herald (Twitter link). However, Miami wasn’t willing to guarantee any money beyond the first year, so Crowder opted for the Suns’ three-year, $30MM offer, which will pay him less in year one but is worth significantly more overall.
In a column for The Athletic, David Aldridge contends that Wizards owner Ted Leonsis must decide if the franchise wants to build around John Wall and Bradley Beal and then trade the odd man out. While Aldridge’s argument makes some sense, it seems obvious that Beal would be the team’s choice and that trading Wall won’t exactly be easy.

Heat Sign Avery Bradley To Two-Year Deal

November 21st, 2020 at 12:44pm CST by Luke Adams

NOVEMBER 23: The Heat have officially announced their deal with Bradley, issuing a press release to confirming the signing.

“This is a great signing that can help us right away,” team president Pat Riley said in a statement. “Being able to add a two-time All-NBA Defensive Team selection who is also a great shooter and fits perfectly with our current philosophy as a multi-positional player. Avery will be a great addition to fortifying our backcourt.”

As we relayed in a separate story, Boston and Charlotte were among the other teams that expressed interest in Bradley before he agreed to sign with Miami.

NOVEMBER 21: The Heat and free agent guard Avery Bradley have agreed to a two-year, $11.6MM deal, agent Charles Briscoe tells Shams Charania of The Athletic (Twitter link).

The contract will include a team option for the second year, sources tell ESPN’s Bobby Marks (Twitter link). The Heat took a similar route with their new deals for Goran Dragic and Meyers Leonard as they prioritize preserving cap room for 2021.

The Heat will use a portion of their mid-level exception to sign Bradley. The Heat have also agreed to a one-year, $3.6MM contract with Maurice Harkless and Miami could preserve its bi-annual exception by splitting up the MLE between Bradley and Harkless, as John Hollinger of The Athletic tweets.

Bradley was considered a fallback option for the team in case it couldn’t re-sign Jae Crowder, Ira Winderman of the South Florida Sun Sentinel tweets. While Crowder was a priority for the Heat, he wasn’t comfortable with only a one-year guarantee, says Barry Jackson of The Miami Herald (Twitter link). As a result, he’ll head to Phoenix on a three-year deal while the Heat replace him with Bradley.

As Charania explains (via Twitter), Bradley – who was recruited by Heat president Pat Riley and star swingman Jimmy Butler – was sold on the Heat’s culture and made the decision to leave Los Angeles after spending the 2019/20 season with the Lakers.

Bradley, who will turn 30 next Thursday, appeared in 49 games for the Lakers in 2019/20, starting 44 of them. He averaged 8.6 PPG and 2.3 RPG with a solid 3PT% (.364) and strong perimeter defense, but opted out of the restart and wasn’t part of the club’s championship run.

The Warriors were among the other teams that had interest in signing Bradley, tweets Monte Poole of NBC Sports Bay Area.

Dana Gauruder contributed to this story. Photo courtesy of USA Today Sports Images.

Heat Sign Maurice Harkless To One-Year Deal

November 21st, 2020 at 9:24am CST by Luke Adams

NOVEMBER 23: The Heat have officially signed Harkless to his new deal, the team confirmed in a press release.

“We have always liked what Moe Harkless brings to a team,” Heat president Pat Riley said in a statement. “We like his experience in knowing the role he will play for us real well. Moe can guard multiple positions, play above the rim, great shot blocker for his position and most importantly for our offense, space the floor with his three-point shooting. He is a player with great character and toughness.”

NOVEMBER 21: The Heat have reached an agreement to sign Maurice Harkless to a one-year contract worth $3.6MM, according to ESPN’s Adrian Wojnarowski (via Twitter).

As Wojnarowski explains (via Twitter), Harkless passed up on more lucrative offers for an opportunity to play a regular role for the defending Eastern champions and intends to re-enter the market in 2021 when more league-wide cap room is available.

Harkless, 27, began the 2019/20 season with the Clippers and was a regular starter during his first 50 games in Los Angeles. He was traded to the Knicks in a deadline deal.

In 62 overall games, Harkless averaged 5.8 PPG and 3.9 RPG on .502/.347/.591 in 23.0 minutes per contest. He’s considered a solid perimeter defender, though his three-point shot comes and goes — he has a career rate of just 32.5% from beyond the arc.

Miami will likely slide Harkless into the rotation role vacated by Derrick Jones, who has agreed to sign with Portland.

The Heat intend to use the bi-annual exception (worth $3.623MM) to sign Harkless, tweets Tim Reynolds of The Associated Press. That would hard-cap Miami for the season at $138.93MM. The one-year commitment will allow the franchise to retain its cap flexibility for 2021.

Free Agent Rumors: Harris, Crowder, Hayward, KCP, Cousins, Hartenstein

November 20th, 2020 at 6:06pm CST by Luke Adams

There are “strong indications” that the Nets will get a commitment soon from sharpshooter Joe Harris, despite the fact that he’s receiving considerable interest from other suitors, tweets Marc Stein of The New York Times.

As we wait to see if Harris and the Nets come to an agreement, here are a few more free agency rumors:

After agreeing to re-sign Goran Dragic and Meyers Leonard early in free agency, the Heat are “in the game” to bring back Jae Crowder as well, tweets Tim Reynolds of The Associated Press. Miami is remaining over the cap and prioritizing retaining its own free agents so far this offseason.
As rumors swirl that Gordon Hayward prefers to land with the Pacers, Marc Berman of The New York Post (Twitter link) hears that the free agent forward has little interest in joining the Hawks.
Teams that are monitoring Kentavious Caldwell-Pope in free agency expect the Knicks to have interest in the veteran wing, Ian Begley of SNY.tv writes.
DeMarcus Cousins is receiving some attention from teams early in free agency tonight, sources tell ESPN’s Adrian Wojnarowski (Twitter link). It’s not yet clear which teams may be in the hunt for the former All-Star.
Free agent big man Isaiah Hartenstein is receiving some interest from the Nuggets, a league source tells Kelly Iko of The Athletic (Twitter link). Denver just lost backup center Mason Plumlee and appears to be in the market for some frontcourt depth.

Heat Re-Sign Meyers Leonard

November 20th, 2020 at 5:06pm CST by Luke Adams

NOVEMBER 22: Leonard has put pen to paper on his new contract, making it official, the Heat announced (via Twitter).

NOVEMBER 20: Free agent center Meyers Leonard tells Tim Reynolds of The Associated Press (Twitter link) that he plans to re-sign with the Heat.

He’ll get a two-year deal that includes a team option on year two, according to Reynolds, who adds (via Twitter) that the deal is expected to start at around $9MM. It’ll be worth close to $20MM overall, per ESPN’s Adrian Wojnarowski (via Twitter). The second-year team option will allow the Heat to protect their cap room for 2021.

“I wanted nothing more than to come back to Miami. Literally nothing more,” Leonard told Reynolds (Twitter link).

Leonard, 28, was the Heat’s starting center for most of the 2019/20 season, averaging 6.1 PPG and 5.1 RPG with a solid .509/.414/.643 shooting line in 51 games (20.3 MPG). He saw his role reduced in the postseason, but Miami was still interested in continuing the relationship going forward.

Heat president Pat Riley indicated earlier this week that he wanted to “run this thing back” with the squad that made it to the NBA Finals this year, and it sounds like the team is making good on that vow. In addition to reaching an agreement with Leonard, the Heat have already struck a deal to re-sign Goran Dragic.