Miami Heat Rumors | Hoops Rumors

Heat Sign Bam Adebayo To Maximum-Salary Extension

November 28th, 2020 at 3:18pm CST by Luke Adams

NOVEMBER 28, 3:18pm: Adebayo has officially signed the contract, according to a team press release.

NOVEMBER 24, 2:39pm: The Heat and Adebayo have agreed to terms on the extension, reports ESPN’s Zach Lowe (Twitter link). It’s straight five-year deal, with no player or team option, according to Anthony Chiang of The Miami Herald (Twitter link).

Shams Charania of The Athletic (Twitter link) confirms that Adebayo’s new maximum-salary extension will have Rose Rule language and could start at up to 30% of the 2021/22 cap rather than 25%, as detailed below.

NOVEMBER 24, 12:29pm: The Heat are moving forward with a contract extension for fourth-year big man Bam Adebayo, according to Ira Winderman of The South Florida Sun Sentinel (Twitter link). Tim Reynolds of The Associated Press confirms (via Twitter) that the club is in the process of extending Adebayo’s deal.

Adebayo was one of two dozen players eligible for a rookie scale extension entering the offseason. Coming off a breakout year, he looked like one of the most deserving candidates for a new deal, along with Jayson Tatum, Donovan Mitchell, and De’Aaron Fox, all of whom have agreed to maximum-salary extensions in recent days.

However, the Heat’s salary cap situation complicated the team’s decision. Miami has been focused on preserving as much cap room as possible for the 2021 offseason, and a new deal for Adebayo will increase his cap charge from a hold worth about $15MM to a new salary worth at least $28MM (f he gets the max), eliminating the possibility of a max-salary slot for a free agent.

The fact that the Heat are now moving forward on an extension for Adebayo could mean a number of things. Maybe Adebayo wasn’t waiting a year for his new contract; maybe the Heat remain confident that if a star like Giannis Antetokounmpo is available and wants to play in Miami next year, they’ll be able to figure it out even without the necessary cap room, like they did for Jimmy Butler in 2019; or maybe the Heat believe Antetokounmpo is becoming more likely to sign a super-max extension with the Bucks and remain in Milwaukee.

According to Barry Jackson of The Miami Herald (Twitter link), someone who knows Giannis well told him that the reigning MVP would be impressed by the Heat extending Adebayo early rather than making him wait until next year. Still, if Antetokounmpo is moving closer to accepting a deal with the Bucks, Adebayo’s agent Alex Saratsis would certainly know about it — he also represents Giannis.

Whatever the thinking, it’s good news for Adebayo, who was a full-time starter for the Heat in the first time in 2019/20 and responded with an All-Star performance, averaging 15.9 PPG, 10.2 RPG, and 5.1 APG in 72 games (33.6 MPG).

He also helped anchor Miami’s defense, blocking 1.3 shots per game and averaging 1.1 steals as well. His play was crucial in helping the Heat reach the NBA Finals, though his ability to contribute in that series against the Lakers was compromised by a neck injury.

The Heat are expected to give Adebayo a five-year maximum-salary contract that will match the ones signed by those other young stars from his draft class, as Winderman reports. That would put the 23-year-old on track to earn at least $163MM and as much as $195.6MM over the life of the deal, based on current cap projections. The new contract will begin in 2021/22, once his rookie deal expires.

Photo courtesy of USA Today Sports Images.

NBA Teams With Hard Caps For 2020/21

November 27th, 2020 at 10:30am CST by Luke Adams

The NBA salary cap is somewhat malleable, with various exceptions allowing every team to surpass the $109,140,000 threshold once their room is used up. In some cases, teams blow past not only the cap limit, but the luxury-tax limit of $132,627,000 as well — the Warriors project to have a nine-figure tax bill this season as a result of their spending.

The NBA doesn’t have a “hard cap” by default, which allows a club like Golden State to build a significant payroll without violating CBA rules. However, there are certain scenarios in which teams can be hard-capped, as we explain in a glossary entry.

When a club uses the bi-annual exception, acquires a player via sign-and-trade, or uses more than the taxpayer portion ($5,718,000) of the mid-level exception, that club will face a hard cap for the remainder of the league year.

When a team becomes hard-capped, it cannot exceed the “tax apron” at any point during the rest of the league year. The tax apron was set $6MM above the luxury tax line in 2017/18 (the first year of the current Collective Bargaining Agreement) and creeps up a little higher each time the cap increases. For the 2020/21 league year, the tax apron – and hard cap for certain clubs – is set at $138,928,000.

More than half the teams in the NBA have been willing to hard-cap themselves this offseason, and in some cases, it will significantly impact a team’s ability to add further reinforcements later in the league year. The Bucks and Lakers are among the teams right up against the hard cap, which may prevent them from being players in free agency during the season unless they can shed salary.

For other clubs, the hard cap is just a technicality that won’t affect their plans. The Hawks and Thunder are among the hard-capped clubs that will have zero practical concerns about reaching that threshold in 2020/21.

Listed below are the hard-capped teams for the 2020/21 league year, along with how they created a hard cap.

Atlanta Hawks

Acquired Danilo Gallinari from the Thunder via sign-and-trade.

Boston Celtics

Using non-taxpayer mid-level exception on Tristan Thompson.

Charlotte Hornets

Acquired Gordon Hayward from the Celtics via sign-and-trade.

Dallas Mavericks

Using non-taxpayer mid-level exception on Willie Cauley-Stein and Trey Burke.

Denver Nuggets

Using non-taxpayer mid-level exception on JaMychal Green and Bol Bol.
Using bi-annual exception on Facundo Campazzo.

Detroit Pistons

Acquired Jerami Grant from the Nuggets via sign-and-trade.

Houston Rockets

Acquired Christian Wood from the Pistons via sign-and-trade.

Los Angeles Clippers

Using non-taxpayer mid-level exception on Serge Ibaka.

Los Angeles Lakers

Using non-taxpayer mid-level exception on Montrezl Harrell.
Using bi-annual exception on Wesley Matthews.

Miami Heat

Using non-taxpayer mid-level exception on Avery Bradley and Maurice Harkless.

Milwaukee Bucks

Using non-taxpayer mid-level exception on D.J. Augustin and Bryn Forbes.
Using bi-annual exception on Bobby Portis.

New York Knicks

Acquired Austin Rivers from the Rockets via sign-and-trade.

Oklahoma City Thunder

Acquired Kenrich Williams, Josh Gray, and Zylan Cheatham from the Pelicans via sign-and-trade.

Phoenix Suns

Using non-taxpayer mid-level exception on Jae Crowder.

Portland Trail Blazers

Using non-taxpayer mid-level exception on Derrick Jones.

Toronto Raptors

Using non-taxpayer mid-level exception on Aron Baynes and Alex Len.

Utah Jazz

Using non-taxpayer mid-level exception on Derrick Favors.

Washington Wizards

Using non-taxpayer mid-level exception on Robin Lopez.

This list could continue to grow during the offseason if other teams acquire a player via sign-and-trade, use more than the taxpayer portion of their mid-level exception, or use their bi-annual exception.

Heat Sign Precious Achiuwa To Rookie Deal

November 25th, 2020 at 11:12am CST by Luke Adams

The Heat have officially signed first-round pick Precious Achiuwa to his rookie contract, tweeting out a photo today that shows the rookie forward putting pen to paper.

The No. 20 overall pick in last Wednesday’s draft, Achiuwa signed for 120% of his rookie scale figure, the maximum possible amount permitted by the league, per Anthony Chiang of The Miami Herald (Twitter link). That’ll result in a $2.58MM first-year salary with an overall value of $12.51MM on his four-year contract.

In his first and only college season at Memphis, Achiuwa was one of the nation’s most impressive freshmen, averaging 15.8 PPG, 10.8 RPG, and 1.9 BPG while shooting 49.3% from the floor in 31 games (30.4 MPG). He was named the American Athletic Conference Player of the Year.

We’re tracking all of this year’s draft pick signings right here.

Southeast Notes: Bradley, Adebayo, Gallinari, Pasecniks, MCW

November 25th, 2020 at 8:57am CST by Luke Adams

Introduced on Tuesday as a newly-signed member of the Heat, guard Avery Bradley cited the oft-lauded “Heat culture” as one of the key reasons why he wanted to join the team, as Anthony Chiang and Barry Jackson of The Miami Herald write.

“I always felt like if I ever got an an opportunity to play here, I would fit in perfect,” Bradley said. “Once the opportunity presented itself, I knew I would take advantage of it. I’m excited because I do feel like I’m a perfect fit. We all know what it means to be a Miami Heat player — the passion, the dedication it takes to be a part of this culture. I think our team is going to be really good. I’m excited to be part of Miami and part of a great culture like this. I felt wanted.”

Maurice Harkless, who also officially signed with Miami this week, said talking to former Portland teammate Meyers Leonard helped convince him to join the Heat.

“The big thing that Meyers said and he talked about all the time was just the people in the organization and how everyone carried themselves and how everyone came to work every day,” Harkless said. “It’s just what everybody else talks about, the culture. He really embraced it and he spoke highly of everything that goes on in this organization. Hearing that from him, it made my decision a lot easier.”

Here’s more from around the Southeast:

After reaching an agreement with the Heat on a maximum-salary extension on Tuesday, Bam Adebayo told reporters – including Chiang and Jackson – that he never really had a conversation with the team about waiting until next year to sign his new deal. “Me and (Heat president Pat Riley) met one on one, and we kind of talked through it,” Adebayo said. “We both thought it was the right decision.”
The third year on Danilo Gallinari‘s new $61.5MM contract with the Hawks will only be partially guaranteed, according to Chris Kirschner of The Athletic, who tweets that the forward will be assured of $5MM of his $21.4MM salary in that final year (2022/23).
The Wizards and big man Anzejs Pasecniks have agreed to push back his salary guarantee deadline from this week to February 1, reports ESPN’s Bobby Marks (Twitter link). Pasecniks, who currently has a $350K guarantee on his $1.5MM salary, may have been waived if Washington had been forced to make an immediate decision.
Michael Carter-Williams‘ new two-year deal with the Magic features two fully guaranteed seasons worth $3.3MM apiece, according to Marks (Twitter link).

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.