- The Heat need to show team president Pat Riley that he doesn’t need to use a chunk of his cap space this offseason on other teams’ free agents, Barry Jackson of the Miami Herald opines. Miami has six impending free agents and the best-case scenario would be to re-sign some of those players to one-year deals and then dive into a much more attractive free agent market next summer. The Heat defeated Denver and lost to Toronto in their first two seeding games.
Bucks head coach Mike Budenholzer and Thunder head coach Billy Donovan have been voted the co-coaches of the year by the National Basketball Coaches Association, reports ESPN’s Adrian Wojnarowski.
This award, introduced in 2017, isn’t the NBA’s official Coach of the Year award, which is voted on by media members and is represented by the Red Auerbach Trophy. The winner of that award is expected to be announced at some point during the postseason this summer.
The Coaches Association’s version of the award – named after longtime NBCA executive director Michael H. Goldberg – is voted on by the NBA’s 30 head coaches, none of whom can vote for himself.
Budenholzer, who also won the NBCA’s award in 2019, has had even more success with the East-leading Bucks this season. His team has a 54-13 record and – before the season was suspended – had been on pace to surpass the 60 victories that last year’s Milwaukee squad racked up.
As for Donovan, he has exceeded expectations with a Thunder team that was viewed as a borderline playoff contender and a candidate for a full-fledged rebuild. Instead of returning to the lottery following the offseason departures of Russell Westbrook and Paul George, Oklahoma City is 41-24, good for sixth in the Western Conference. A strong finish over the next couple weeks could result in a top-four record in the conference for the Thunder.
Raptors head coach Nick Nurse, widely viewed as the favorite to win the official Coach of the Year award in 2020, was one vote away from finishing in a three-way tie with Budenholzer and Donovan, per Wojnarowski.
Sources tell ESPN that Taylor Jenkins (Grizzlies), Nate McMillan (Pacers), Erik Spoelstra (Heat), and Brad Stevens (Celtics), and Frank Vogel (Lakers) also received votes.
After a breakout season in 2019/20, big man Bam Adebayo will be eligible for a rookie scale contract extension this offseason, but the Heat may wait until 2021 – when he reaches restricted free agency – to lock him up, according to ESPN’s Brian Windhorst.
[RELATED: Players Eligible For Rookie Scale Extensions In 2020 Offseason]
Within his larger look at NBA team owners’ financial situations, Windhorst said the Heat “might” not extend Adebayo this offseason because it will help them preserve cap room for 2021, when they want to pursue Giannis Antetokounmpo and/or other star free agents. Addressing the situation in a podcast, Windhorst took a stronger stance.
“He’s not going to get a max contract in the offseason,” Windhorst said of Adebayo, per RealGM. “Even though I think he should. Because the Heat are going to save money for the 2021 summer. That’s a storyline that I can almost guarantee for you: Bam Adebayo will not sign a contract extension this offseason. It will be, ‘Bam, we’ll take care of you later.'”
This isn’t the first time this idea has been broached. Barry Jackson of The Miami Herald suggested in the spring that the Heat would consider the possibility of waiting on Adebayo’s new deal, especially with the coronavirus pandemic expected to limit the amount the salary cap will increase within the next year or two.
If he doesn’t sign an extension during the 2020 offseason, Adebayo would enter the 2021 offseason with a cap hold of $15.35MM. He’d be eligible to sign for up to five years with the Heat at that time, and Miami would have the right of first refusal, meaning the club could match any offer sheet he signs with another team. As long as the Heat carry that $15.35MM cap hold, they’d be able to go over the cap to re-sign Adebayo once they use up the rest of their space.
If the Heat were to sign Adebayo to a maximum-salary extension this offseason, they’d enter the 2021 offseason with that max salary already on their books. That exact amount will depend on where the ’21/22 cap lands, but there’s a good chance Adebayo would be making at least $28-29MM.
In other words, the Heat could generate upwards of $13-14MM in extra cap flexibility in 2021 by waiting to sign Adebayo, then going over the cap to lock him up. For his part, Adebayo could end up with an identical deal whether he signs this year or next.
Assuming Adebayo is on board with the plan, it makes sense for the team to go this route. Often, a club will sign a young star to a max-salary extension as soon as possible to show its commitment to him and to give the player financial security so that he doesn’t have to worry about the possibility of getting injured in a contract year. The Heat would surely be willing to take that path as well if Adebayo pushes for it. As Ira Winderman of The South Florida Sun Sentinel observes, the organization can’t – and won’t – let the situation get contentious.
But if Adebayo is comfortable taking on a little risk to assist in the Heat’s pursuit of roster upgrades, it could be a win-win for the two sides — Miami would gain extra flexibility, while Adebayo could eventually get his max-salary contract with an even stronger roster around him.
A number of team owners around the NBA are feeling the financial effects of the coronavirus pandemic, as Brian Windhorst of ESPN.com writes. Rockets owner Tilman Fertitta, for instance, has seen business fall off precipitously at his restaurants, hotels, and casinos, while Heat owner Micky Arison has had to temporarily shut down his Carnival Cruise Lines.
While some team owners have been hit harder than others by the effects of COVID-19, there’s an expectation that the pandemic will have a league-wide impact on spending this offseason, as Windhorst writes. Some teams may have to make difficult financial decisions that could result in unexpected player movement.
“With few exceptions, no one wants to make long-term commitments right now,” one general manager told ESPN. “You can already feel it coming.”
In addition to the teams that may feel pressure to dump pricey contracts or avoid expensive free agent commitments, some clubs may face financial constraints in the draft. Although selling second-round draft picks remains fairly common, no NBA team has sold a first-round pick since the Nuggets did so with the No. 27 selection in the 2013 draft, according to Windhorst. Some people around the league believe that teams will consider the possibility again in 2020.
“I suspect first-round picks will be for sale in this draft,” a team executive said. “We haven’t really seen that in a decade.”
Here are a few more noteworthy details and quotes from Windhorst’s examination of NBA teams’ finances:
- Warriors owner Joe Lacob has told his fellow owners that he’s exploring a deal with Goldman Sachs to raise up to $250MM to manage expenses, per Windhorst. Sources tell ESPN that other team owners are considering ways to raise capital as well, with some – including the Rockets – pursuing legal action against companies that have denied coronavirus-related insurance claims.
- Rockets owner Tilman Fertitta recently took out a $300MM loan and is more leveraged than many other owners, since he purchased the franchise fairly recently, but he continues to insist he’s not looking to sell any shares in the team. Brokers who have approached him representing potential bidders have been told the same, reports Windhorst.
- Nets owner Joseph Tsai recently sold about 25% of his shares in tech company Alibaba, according to Windhorst. Other owners might not have similar opportunities to raise capital. “I don’t know what will happen, but I may lose $50MM next season,” one owner told Windhorst. “If that happens, I have three options: I could borrow the money, I could sell part of the team or I could do a cash call and me and my partners would have to write checks.”
- NBA rules allow team owners to borrow $325MM against the equity in their franchises. A majority of NBA teams – including the Warriors – have maxed out that credit, sources tell Windhorst.
- Although the Buss family’s pockets aren’t as deep as some of their fellow owners, the Lakers bring in about $200MM annually from their local TV deal and aren’t expected to have any issues re-signing Anthony Davis, writes Windhorst.
- Heat starters Bam Adebayo and Kendrick Nunn confirmed that their arrivals to Orlando were delayed by positive COVID-19 tests, writes Ira Winderman of The South Florida Sun Sentinel. Adebayo said that he was essentially asymptomatic, while Nunn had “mild symptoms,” per Winderman. “It felt like a common cold, to be honest,” Nunn said. “I’m just thankful I got over it.”
- Bam Adebayo and Kendrick Nunn could make cameo appearances in the Heat’s scrimmage on Saturday, according to Ira Winderman of the South Florida Sun Sentinel. “If they do, it’s just to get their feet wet,” coach Erik Spoelstra said. Both players arrived at Orlando’s campus on Tuesday.
Three more players have cleared quarantine at the NBA campus and are free to join their respective teams for practices. Heat big man Bam Adebayo, Heat guard Kendrick Nunn, and Lakers forward Markieff Morris have all returned the necessary two negative coronavirus tests after arriving at Walt Disney World on Tuesday, according to reports.
Tim Reynolds of The Associated Press, who confirmed (via Twitter) that Adebayo and Nunn are out of quarantine, tweets that the plan is for the two Miami starters to conduct individual workouts today. The Heat will resume practicing on Friday before participating in their second inter-squad scrimmage on Saturday, against the Jazz.
It remains to be seen whether Adebayo and Nunn will be ready to go in time for either one of the Heat’s upcoming scrimmages, but with both players set to return to practice, they should be ready to go when the club plays the first of its eight seeding games on August 1 vs. Denver.
As for Morris, Tania Ganguli of The Los Angeles Times reported (via Twitter) that he has cleared quarantine. The veteran forward, of course, won’t be available for the Lakers during tonight’s inter-squad scrimmage against Dallas, but figures to return to L.A.’s rotation soon.
Heat All-Star center Bam Adebayo and 2020 Rookie of the Year candidate and starting point guard Kendrick Nunn have arrived at the Disney World campus in Orlando ahead of the NBA’s season start, according to Ira Winderman of the South Florida Sun Sentinel.
Both players will need to quarantine in their hotel rooms for two days, pass a physical, and notch consecutive negative COVID-19 tests before rejoining Miami for practices and scrimmages.
A reason for the two Miami starters’ absence was not given, though last week in a conference call head coach Erik Spoelstra had noted that two Heat players were absent while continuing to recover from the coronavirus. Forward Derrick Jones Jr. also dealt with a bout of COVID-19 in June, though he has made a full recovery and is already with the team.
The Heat are scheduled to play the Nuggets in their first game of the NBA summer restart on Saturday, August 1. Led by Adebayo and veteran All-Star swingman Jimmy Butler, Miami is currently the No. 4 seed in the East with a 41-24 record.
Heat guard Tyler Herro has lofty goals for the future and is determined to improve on the defensive end of the floor, Barry Jackson of The Miami Herald writes.
Herro, an accomplished offensive player who has averaged 12.9 points per game in his rookie season, believes it’s imperative to take the next step defensively in order to complete his quest of becoming an All-Star player.
“My thing is, I don’t want to just be a scorer. I plan on being an All Star one day and that’s what I’m set to work out to be,” Herro said. “I know it’s going to take a lot obviously and it’s going to happen on both ends of the floor. I’m allowing coach Spo’ and the rest of the staff to push me every day.”
Herro, 20, was the No. 13 pick of the 2019 NBA draft out of Kentucky. He’s worked closely with Heat assistants Chris Quinn and Anthony Carter this season, also receiving clips from his trainer in Wisconsin to help him become a better defensive player.
“He sends me clips of Avery Bradley, Patrick Beverley, guys that are on the ball and get into the ball when ball screens come,” Herro said. “There are a bunch of guys who are really good at what they do.
“I know it’s a long road and a long process. Defensively is the biggest area I need to improve in. My offense is fine as of now.”
There’s more out of Miami today:
- Bam Adebayo and Kendrick Nunn have yet to join the Heat in Orlando, Ira Winderman of the Sun Sentinel relays (via Twitter). Both players remain away from the organization and haven’t reported for the league’s mandatory quarantine period. Miami’s first game falls on Saturday, August 1 against Denver.
- The Heat may have to survive for the immediate future without Nunn and Adebayo, Winderman cautions. Whether the team’s shorthanded roster will be sustainable is unclear, with Nunn and Adebayo representing two-fifths of the starting lineup this season. There is no concrete timetable for their return.
- Winderman ponders in a separate story whether Dion Waiters won his stand-off with the Heat from earlier in the season. Miami suspended Waiters multiple times for team violations and could’ve kept him on the roster if they wished, ultimately choosing to trade him to Memphis in February. Waiters signed with the Lakers after receiving his release from the Grizzlies and is currently gearing up for a deep playoff run.
- Heat forward Derrick Jones contracted COVID-19 in June, but was fortunate not to significantly affected by the virus, he told reporters on Tuesday. “I never felt a symptom at all,” Jones said, per Anthony Chiang of The Miami Herald. Jones also spoke about his desire to remain with Miami in free agency this fall. “I wouldn’t want to be on any other team,” he said. “I love it here.”
- The Heat have shown interest in meeting with TCU prospect Desmond Bane, according to Barry Jackson of The Miami Herald. Bane, the No. 42 player on ESPN’s big board, is one of the top shooters in the 2020 draft class, having knocked down 43.3% of his three-point attempts in four college seasons.