Hoops Rumors is breaking down the 2019 offseason for all 30 NBA teams, revisiting the summer’s free agent signings, trades, draft picks, departures, and more. We’ll evaluate each team’s moves from the last several months and look ahead to what the 2019/20 season holds for all 30 franchises. Today, we’re focusing on the Miami Heat.
Signings:
- Standard contracts:
- Jimmy Butler: Four year, maximum salary ($140.79MM). Fourth-year player option. 15% trade kicker. Acquired via sign-and-trade.
- Udonis Haslem: One year, minimum salary. Re-signed using minimum salary exception.
- Two-way contracts:
- None
- Non-guaranteed camp contracts:
- Kyle Alexander: One year, minimum salary (Exhibit 10).
- Daryl Macon: One year, minimum salary (Exhibit 10).
- Jeremiah Martin: One year, minimum salary (Exhibit 10).
- Mychal Mulder: One year, minimum salary (Exhibit 10).
- Davon Reed: One year, minimum salary (Exhibit 10).
- Chris Silva: One year, minimum salary (Exhibit 10).
Trades:
- Acquired No. 44 pick in 2019 draft (used to select Bol Bol) from the Hawks in exchange for the Heat’s 2024 second-round pick (protected 31-50 and 56-60) and cash ($1.88MM).
- Acquired either the Nuggets’ or Sixers’ second-round pick (whichever is least favorable) and cash ($1.2MM) from the Nuggets in exchange for the draft rights to Bol Bol (No. 44 pick).
- Acquired the draft rights to KZ Okpala (No. 32 pick) in a three-team trade with the Pacers and Suns in exchange for the Heat’s 2022 second-round pick, the Heat’s 2025 second-round pick, and the Heat’s 2026 second-round pick (all sent to Pacers).
- Acquired Jimmy Butler (sign-and-trade), Meyers Leonard, and cash ($110K) in a four-team trade with the Sixers, Trail Blazers, and Clippers in exchange for Josh Richardson (to Sixers), Hassan Whiteside (to Blazers), and the Heat’s 2023 first-round pick (top-14 protected; to Clippers).
Draft picks:
- 1-13: Tyler Herro — Signed to rookie contract.
- 2-32: KZ Okpala — Signed to three-year, minimum salary contract. Fully guaranteed. Signed using mid-level exception.
Departing players:
- Ryan Anderson (waived)
- Yante Maten (waived)
- Josh Richardson
- Dwyane Wade (retired)
- Hassan Whiteside
Other offseason news:
- Signed head coach Erik Spoeltra to four-year extension.
- Exercised 2020/21 rookie scale option on Bam Adebayo.
- Assistant coach Juwan Howard left for Michigan.
- Named Eric Glass head coach of Sioux Falls Skyforce (G League affiliate).
Salary cap situation:
- Remained over the cap.
- Carrying approximately $134.44MM in guaranteed salary.
- Hard-capped (within approximately $1MM of hard cap).
- $8.36MM of mid-level exception still available (used $898K on KZ Okpala).
- Full bi-annual exception ($3.62MM) still available.
- Note: Due to hard cap, Heat would have to reduce salary elsewhere in order to use full MLE and/or BAE.
- $6.27MM traded player exception available (expires 2/6/20).
Story of the summer:
Entering the 2019 offseason, the Heat’s ability to make a competitive bid for any of the summer’s top free agents looked extremely limited. Not only was team salary well above the projected cap, but there was no guarantee the club would even be able to stay below the tax line. Going after a maximum-salary free agent seemed like a pipe dream.
Well, that was the perception from outside the organization at least. Within the front office, Pat Riley and his management team weren’t about to let a few cap limitations get in the way of pursuing a star.
Riley and the Heat made good on that plan, acquiring Jimmy Butler in a sign-and-trade deal with the Sixers that didn’t require the team to create cap room. Still, while Miami’s creative approach to landing an impact player is laudable, it’s also worth noting how many sacrifices the team had to make to get it done.
The sign-and-trade deal for Butler didn’t just include the Sixers — two other teams had to get involved too in order to meet salary-matching requirements, and the Heat had to part with promising youngster Josh Richardson and a future first-round pick in the process. Plus, as a result of acquiring a player via sign-and-trade, Miami is now hard-capped for the rest of the 2019/20 league year, all but eliminating the possibility of adding a 15th man to the opening-night roster or making any additional trades that involve taking on excess salary.
If Miami had the cap room to sign Butler outright, none of those steps would have been necessary. But, as a result of pricey contracts handed out to Goran Dragic, James Johnson, Dion Waiters, and Hassan Whiteside (dealt to Portland in the Butler sign-and-trade), the team didn’t have the flexibility to create a max-salary slot under the cap. And now its flexibility for the rest of the season will be hampered to an even greater degree.
For the Heat though, that trade-off was a necessary evil. They believe Butler was worth both the investment ($140MM+) and the cap machinations necessary to bring him aboard. Now that he’s under contract for the next four years, Miami will have the opportunity to continue building around him once those undesirable contracts start to expire.