Miami Heat Rumors | Hoops Rumors

Heat Sign Tyler Herro To Rookie Contract

July 10th, 2019 at 5:41pm CST by clarkcrum

The Heat have signed rookie shooting guard Tyler Herro to his rookie contract, the team announced in an official release. Herro, 19, was the No. 13 overall selection in last month’s 2019 NBA Draft.

Because Herro signed for the typical 120% of the rookie-scale (h/t to Ira Winderman of The Sun-Sentinel), he will earn $3,640,200 during his first year in the league and $17,188,836 over the life of the contract. If he ends up being a factor in a potential trade for Russell Westbrook, he can’t be traded for 30 days.

In his lone season at Kentucky, Herro started all 37 games he appeared in while averaging 14.0 points, 4.5 rebounds, and 2.5 assists in 32.6 minutes per game. He was named SEC Newcomer of the Year for his efforts.

As NBA cap expert Albert Nahmad notes (Twitter link), the Heat now have 14 players under contract after Herro’s signing. With a combined salary of $135.8MM, they’re $987K below the hard cap, which is not enough to add another free agent.

This is because while the rookie minimum salary is only $898K, the two-year minimum salary ($1.621MM) is used in place of the salary of a non-drafted rookie when determining a team’s salary in relation to the hard cap.

Trade Details: Napier, Graham, Warriors, Pacers, More

July 10th, 2019 at 4:59pm CST by Luke Adams

Eric Pincus of Basketball Insiders has provided some additional details on one of the most interesting trade sequences of the offseason, filling in the blanks on the deals that sent Shabazz Napier and Treveon Graham from Brooklyn to Golden State to Minnesota.

As previously outlined by cap guru Albert Nahmad (Twitter link), in order to match salaries in their sign-and-trade deal for Kevin Durant ($38,199,000), the Nets had to send out $30,479,200 in salaries of their own, but D’Angelo Russell‘s maximum salary was only worth $27,285,000.

Brooklyn included Napier’s ($1,845,301) and Graham’s ($1,645,357) non-guaranteed contracts to make up that $3,194,200 difference, but had to partially guarantee those salaries in order for them to count for salary-matching purposes. According to Pincus (via Twitter), the Nets did so by giving each player a guarantee worth $1,597,100.

The hard-capped Warriors, who only took on the duo in order to acquire Russell, didn’t want those contracts on their books, so they flipped them to the Timberwolves in a separate trade. According to Pincus (via Twitter), Golden State paid $3.6MM in cash to Minnesota in that deal, more than enough to cover both players’ full salaries and make it worth the Wolves’ while (Napier’s and Graham’s combined salaries total $3.5MM for 2019/20).

[RELATED: 2019 NBA Offseason Trades]

Interestingly, teams are limited to sending out a total of $5,617,000 in cash in trades during the 2019/20 league year, and the Warriors have now sent out $3.6MM to Minnesota and $2MM to Memphis (in the Andre Iguodala deal). In other words, Golden State won’t have the ability to send out additional cash later in the season in another trade.

Here are more details on recent trades:

In the three-way trade that landed them T.J. Warren from Phoenix and three future second-round picks from Miami, the Pacers sent $1.1MM in cash to the Suns, per Pincus (Twitter link).
The Clippers sent $110K to the Heat in the four-team Jimmy Butler sign-and-trade deal, says Pincus (Twitter link). That small amount of cash – the minimum allowable in a trade – was the only outgoing piece for the Clips in a swap that landed them Maurice Harkless, the Heat’s lottery-protected 2023 first-round pick (later included in the Paul George package), and the draft rights to 2017 second-rounder Mathias Lessort.
In addition to getting $1.1MM from the Wizards in their three-team Anthony Davis trade, the Pelicans also received $1MM in cash from the Lakers, tweets Pincus. Pincus also notes that Washington used its trade exception from February’s Markieff Morris trade to take on Bonga’s $1.42MM salary. That exception was originally worth $8.6MM and was also used to acquire Davis Bertans ($7MM), so it has essentially been all used up.

Dragic's Contract Holds Plenty Of Value

July 8th, 2019 at 6:54pm CST by Dana Gauruder

Goran Dragic‘s $19.2MM expiring contract gives the Heat a valuable asset to dangle in a trade to continue their roster makeover, Ira Winderman of the South Florida Sun Sentinel writes. They could use it this offseason to acquire another star player such as Russell Westbrook, whom the Heat are reportedly interested in, or at the February trading deadline.

Heat, Westbrook Have Mutual Interest In Trade

July 8th, 2019 at 5:00pm CST by Dana Gauruder

The Heat have expressed interest in negotiating a trade for Russell Westbrook, who views the possibility of playing in Miami as appealing, ESPN’s Adrian Wojnarowski reports.

A report earlier on Monday indicated that the Thunder are receptive to trade inquiries for Westbrook in the aftermath of the blockbuster deal sending Paul George to the Clippers.

The Heat made a bold move in free agency by gaining a commitment from Jimmy Butler and engineering a sign-and-trade for the swingman. A Westbrook/Butler pairing could make Miami an instant contender in the wide open Eastern Conference, though contractually it would have long-term implications.

Westbrook, 30, has four years and $171MM remaining on his contract, including a $47MM player option in the final year. Moving Westbrook’s contract for future salary-cap relief might be the best Oklahoma City can do at this point.

Miami has already traded away its 2021 and 2023 first-rounders – which the Thunder own – and numerous second-rounders.

Westbrook will make $38.5MM next season but Miami has a handful of players making between $19.2MM and $12MM — Goran Dragic, James Johnson, Justise Winslow, Dion Waiters and Kelly Olynyk — for salary-matching purposes.

Miami also has to make sure it doesn’t add more salary to its current cap. The Heat are just $986K below the threshold of the $138.9MM luxury tax apron, according to ESPN’s Bobby Marks. Thus, Miami cannot take back more or equal salaries in a potential Westbrook trade because that would hamstring its ability to fill out the roster (Twitter link).

Westbrook and agent Thad Foucher met with Thunder general manager Sam Presti over the weekend and both sides came away eager to find a resolution, according to Wojnarowski. Westbrook doesn’t want to be part of rebuild and that’s where OKC finds itself after George’s trade request to join forces with Kawhi Leonard.

Heat Sign KZ Okpala To Three-Year Deal

July 7th, 2019 at 8:42pm CST by ChrisCrouse

The Heat have signed second-round pick KZ Okpala to a three-year deal, per Anthony Chiang of the Miami Herald (Twitter link). The contract will be a minimum salary arrangement.

The contract will count against Miami’s mid-level exception since the franchise went beyond two seasons. All three years of the contract will be guaranteed, Ira Winderman of the Sun Sentinel tweets. As a result of making his deal a three-year pact, the Heat will own Okpala’s full Bird Rights once it expires.

Miami currently projects to be over the tax line, so the team will likely have the taxpayer’s mid-level ($5.7MM) at its disposal. Outside of Okpala, the team has not yet used any of this exception.

Okpala was selected with the No. 32 overall pick by the Suns (Phoenix had sent it to the Pacers in the T.J. Warren trade). Indiana agreed to pass Okpala’s draft rights on to the Heat in exchange for three second-round picks (2022, 2025, and 2026).

Latest On Russell Westbrook

July 7th, 2019 at 10:38am CST by Arthur Hill

The Heat and Pistons are expected to be the top contenders to land Russell Westbrook if the Thunder decide to trade him, according to Sam Amick and Brett Dawson of The Athletic.

Oklahoma City GM Sam Presti will meet this week with Westbrook and his agent, Thad Foucher, to plot out the future for the former MVP. All three were blindsided by Paul George‘s trade request, which was the result of Kawhi Leonard‘s successful lobbying effort to join him on the Clippers.

The Thunder are motivated to move Westbrook, not only because he’s the lone star left in OKC and will make $171MM over the next four years, but also because he plays the same position as Shai Gilgeous-Alexander, the centerpiece of their return in the George deal.

Miami would like to pair Westbrook with Jimmy Butler and could offer a package built around Goran Dragic, who has one year left on his contract at $19.2MM, and Dion Waiters, who is owed a combined $24.7MM over the next two seasons. Detroit’s offer might include Andre Drummond ($27MM in 2019/20 with a $28.75MM player option the following season), Reggie Jackson (one year left at $18MM) and Tony Snell ($11.39MM next season followed by a $12.18MM player option).

Some executives believe the Rockets could get involved as well, given GM Daryl Morey’s penchant for star chasing. However, pairing Westbrook with James Harden and Chris Paul, two other guards who like to control the ball, may prove awkward, and matching salary wouldn’t be easy. Houston would almost certainly have to part with Clint Capela ($14.9MM next season), Eric Gordon ($14MM), and P.J. Tucker ($8.35MM) in any deal if Paul isn’t included.

Sources with knowledge of Houston’s thinking confirmed to Tim MacMahon of ESPN.com that the Rockets have interest in Westbrook. However, one team source described a potential deal as a “long shot,” says MacMahon.

There’s more today on the Westbrook front:

The Knicks have been mentioned as a possible suitor for Westbrook, but will have to wait until December to make a move, notes Marc Berman of The New York Post. New York no longer has the cap room to absorb Westbrook’s $37.5MM salary for next season after reaching deals with six free agents, and those new players can’t be traded before December 15. If the opportunity is still there, Elfrid Payton, Reggie Bullock, Bobby Portis, Wayne Ellington and Taj Gibson will all have expiring contracts that could interest the Thunder as they try to reduce a league-high tax bill. The Knicks can also offer the 2021 and 2023 first-rounders they acquired from Dallas in the Kristaps Porzingis deal, Berman adds.
Michael Shapiro of Sports Illustrated mentions the Timberwolves, Celtics and Magic as other possibilities. A swap with Minnesota would be easy if OKC would accept Andrew Wiggins in return, he states, while the Celtics could offer Gordon Hayward and Jaylen Brown or wait a year and trade newly acquired Kemba Walker. Orlando has been seeking a point guard for years and has a lot of wings and big men to offer.
The Bulls, Mavericks, Nuggets, Bucks, Spurs and Raptors all have the assets to get involved as well, according to Zack Rosenblatt of NJ.com.

Woj: Heat “Team To Watch” For Russell Westbrook

July 6th, 2019 at 7:42pm CST by Arthur Hill

The Heat are a “team to watch” in the Russell Westbrook situation, ESPN’s Adrian Wojnarowski said today during the network’s broadcast of a Summer League game (video clip).

“Russell Westbrook at 30 years old is still a high-level player, but it is a lot of money and he’s going to take up a great deal of your salary cap,” said Wojnarowski, who predicts Miami will be among several to talk to the Thunder about Westbrook’s availability.

A source confirms to Barry Jackson of The Miami Herald that Heat officials “absolutely like” Westbrook, but there’s no indication of how hard they plan to pursue him (Twitter link). He adds that the Thunder own Miami’s first-round pick in 2021 and don’t have any incentive to help the Heat.

Westbrook’s availability was made public in the wake of the surprising overnight trade that sent teammate Paul George to the Clippers to team up with Kawhi Leonard. Westbrook will make $170MM over the next four seasons and the Thunder are interested in cutting costs now that they longer have two stars in place.

There’s more today from Miami:

New Heat center Meyers Leonard told Ira Winderman of The Sun Sentinel that he has gotten over the shock of being traded from the Trail Blazers. Leonard said he was in the middle of a workout when his trainer told him to call his agent after seeing a tweet from Wojnarowski about the deal. “There are numerous things I’m excited for — the culture, the kind of get-in-there-and-work-hard grit mentality,” Leonard said. “I can only say I’m very, very excited for this opportunity, to help the Heat win.”
The Heat are risking their ability to surround Butler with more talent in the future with today’s decision to stretch the $15.6MM still owed to Ryan Anderson, Winderman notes in a separate story. They had to cut salary before they could accommodate Butler’s new contract, but the deal will keep Anderson on the payroll for three more years at $5.2MM per season.
The Heat expect rookie forward KZ Okpala to make his Summer League debut tomorrow, writes Anthony Chiang of The Miami Herald. With the moratorium lifted, the 32nd pick in the draft officially traveled the circuitous route that took him from the Pacers to the Suns to the Heat. “The process has been different,” Okpala said of the long wait. “It’s not what I expected, for sure. But I think it’s just all a part of the process. You just have to control the things you can control.”

Heat Acquire Jimmy Butler In Sign-And-Trade

July 6th, 2019 at 3:23pm CST by Dana Gauruder

The Heat have officially acquired Jimmy Butler from the Sixers in a sign-and-trade deal that also includes the Trail Blazers and the Clippers, according to press releases from Miami and Philadelphia.

The Heat also acquired big man Meyers Leonard from the Trail Blazers and cash considerations from the Clippers. Miami sent shooting guard Josh Richardson to Philadelphia, center Hassan Whiteside to the Blazers and a conditional first-round pick to the Clippers. The Clippers also received forward Maurice Harkless from Portland and the draft rights to 2017 second-round pick Mathias Lessort from the Sixers.

The Clippers and Blazers have also confirmed the swap.

The 2023 first-rounder that the Heat forwarded to the Clippers, which is lottery-protected through 2025 and unprotected in 2026, was subsequently moved to the Thunder as part of the agreed-upon Paul George blockbuster.

Butler inked a four-year, $141MM contract with the Heat. Miami waived forward Ryan Anderson and stretched his contract in order to stay below the hard cap and complete the sign-and-trade.

“Jimmy’s leadership, tenacity, professionalism, defensive disposition and his ability to create his own shot will improve our roster immediately,” Miami president Pat Riley said in the press release. “Any time you can add a four-time All-Star to your roster, you make that move. Meyers is a versatile big, a great shooter, can play inside and block shots. The addition of both men puts us in a great position to win.”

The disgruntled Butler was dealt by Minnesota to Philadelphia last season. The Sixers wanted to retain Butler but couldn’t convince him to stay and got something for him via the sign-and-trade mechanism. In 65 total games for the Wolves and Sixers last season, Butler averaged 18.7 PPG, 5.3 RPG, 4.0 APG, and 1.9 SPG with a .462/.347/.855 shooting line. Richardson averaged a career-high 16.6 PPG and 4.1 APG last season.

Blazers president of basketball operations Neil Olshey called the acquisition of Whiteside an “impact move for our roster.” The Blazers were looking for a starting center with Jusuf Nurkic on the mend from a serious leg injury.

Lakers To Sign DeMarcus Cousins

July 6th, 2019 at 2:53pm CST by Luke Adams

2:53pm: Wojnarowski passes along an update on Cousins’ salary figure, tweeting that the deal will actually be worth $3.5MM rather than the minimum. So the Lakers will need to use cap space or the room exception for the signing.

2:22pm: Schwartz tells ESPN that Cousins’ deal will be worth just $2.3MM. That sounds like a veteran’s minimum contract, as the big man’s minimum salary this year will be $2,331,593.

1:38pm: The Lakers have reached a deal with perhaps the most notable free agent left on the market, as agent Jeff Schwartz tells Adrian Wojnarowski of ESPN (Twitter link) that DeMarcus Cousins will sign a one-year contract with the Lakers.

Cousins, a two-time All-NBA Second Team center, had to deal with a limited market this summer after a season in which he spent the first half recovering from an Achilles tear, then missed most of the postseason due to a torn quad.

Appearing in 30 regular season games for the Warriors, Cousins still put up impressive per-minute numbers, averaging 16.3 PPG, 8.2 RPG, 3.6 APG, 1.5 BPG, and 1.3 SPG in 25.7 minutes per contest. However, he struggled on defense and didn’t have his old explosiveness.

Still, the Lakers won’t have to pay huge money to roll the dice on Cousins for one year. While we don’t yet know what the 28-year-old’s new contract will be worth, the club is believed to have used up more than two-thirds of its projected $32MM in cap room on reported deals for Danny Green, Kentavious Caldwell-Pope, and Quinn Cook.

In Los Angeles, Cousins will team up once again with his old Pelicans teammate Anthony Davis. According to Wojnarowski (via Twitter), the Heat were among the teams with interest in Cousins, but a handful of Lakers players – including AD – helped sell him on joining the Lakers.

Cousins’ and Davis’ relationship in New Orleans was solid, according to David Aldridge of The Athletic, who tweets that AD’s pitch to Cousins was short and to the point: “Let’s win it all.”

Photo courtesy of USA Today Sports Images.

Heat Waive, Stretch Ryan Anderson’s Contract

July 6th, 2019 at 2:05pm CST by Dana Gauruder

2:05pm: The Heat have formally waived Anderson, the team confirmed in a press release.

12:26pm: The Heat will waive Ryan Anderson and use the stretch provision on the remaining year of the forward’s contract in order to complete the Jimmy Butler sign-and-trade with the Sixers, Ira Winderman of the South Florida Sun Sentinel tweets.

Anderson had a $21,264,635 salary for next season but approximately $15,64MM was guaranteed. By stretching out the guaranteed portion of the contract, the Heat will take cap hits of approximately $5.2MM for the next three seasons. Miami needed to get below the hard cap of $138.9MM that applies to teams that acquire a player via sign-and-trade. Stretching out Anderson’s deal was its simplest means of achieving that goal, as the Heat will drop $1.88MM below that hard cap threshold, ESPN’s Bobby Marks notes.

Anderson was one of the hottest free agents on the market in 2016 and signed a four-year, $80MM with the Rockets. That contract became an albatross after Anderson lost playing time in Houston and he was traded to both the Suns and Heat last season, appearing in just 25 games.

The Heat will apparently hold onto Goran Dragic for the time being, Barry Jackson of the Miami Herald tweets. Dragic, who is due $19.2MM for next season, has been the subject of trade rumors.