Heat Rumors

Heat Sign Stefan Jankovic

The Heat continue to fill out their preseason roster, announcing that they have signed unrestricted free agent forward Stefan Jankovic. The length and terms of the deal were not disclosed, but it is more than likely a minimum salary arrangement.

Jankovic went undrafted out of the University of Hawaii this year and is currently playing on Miami’s Summer League squad in Las Vegas where he has appeared in two games, notching a total of eight points, three assists and two rebounds in 26 minutes of action.

The 22-year-old was named the Big West Player of the Year this past season after averaging 15.6 points, 6.6 rebounds, 1.2 blocks, 1.2 assists in 24.7 minutes of action over 33 games. Jankovic shot 54.3% from the floor overall, 39.3 % from three-point range and 77.2% from the foul line.

Haslem Discusses Dwyane Wade's Departure

Udonis Haslem is returning to the Heat for his 14th season, but for the first time, he won’t be joined by longtime teammate Dwyane Wade. Speaking to reporters today on a conference call, Haslem expressed optimism about the new-look Heat, but also conveyed some disappointment over Wade’s deal with the Bulls, as Anthony Chiang of The Palm Beach Post details. “I don’t know if there’s anything I could have done or should have done,” Haslem said of Wade’s departure. “I felt like it could have been avoided but for whatever reason it just wasn’t.”

Wade: Heat Offer Forced My Hand

  • Dwyane Wade admits that the superior contract offer he received from the Bulls forced him to make a hard choice, as he told Tim Reynolds of The Associated Press and other members of the media. Wade agreed to sign a two-year, $47MM deal with Chicago when the Heat drew the line near the $40MM mark. “Moments like this, it [stinks],” Wade said. “The business side of the sport, sometimes it just [stinks]. That’s what we’re dealing with.”

Heat Match Tyler Johnson Offer

7:22pm: The move is official, the team announced.

JULY 10th, 6:02pm: The Heat have matched Brooklyn’s $50MM offer sheet for Tyler Johnson, tweets The Vertical’s Adrian Wojnarowski. Johnson signed the offer on Thursday, so tonight was the deadline for Miami to make a decision.

The Nets’ offer contained a significant jump in salary for the third and fourth season to make it difficult for the Heat to match. Johnson will receive $5.628MM in the first year and $5,881,260 in the second, followed by $18,858,765 in season three and $19,631,975 in season four.

This is the second disappointment of the day for Brooklyn, which earlier learned that Portland has matched a four-year, $75MM offer sheet to Allen Crabbe. The Nets still have more than $30MM in cap space available and are expected to move on to other free agents.

Heat Trade For Luke Babbitt

5:32pm: The trade is official, the Heat have announced.

JULY 10th, 5:16pm: The Heat are in “advanced trade discussions” with the Pelicans for combo forward Luke Babbitt, tweets Marc Stein of ESPN.com. New Orleans will receive draft considerations and cash in return.

The draft considerations involve the heavily protected 2018 pick the Pelicans sent to Miami in a February deal for Jarnell Stokes, tweets Ira Winderman of The Sun-Sentinel. The draft choice was protected unless it fell out of the top 55 (Twitter link). Miami is also sending the first of its allowable cash outlays for next season to New Orleans (Twitter link).

The 6’9″ Babbitt has six years of NBA experience with the Pelicans and Trail Blazers. He played in 47 games last season, averaging 7.0 points and 3.1 rebounds.

Heat Re-Sign Udonis Haslem

3:37pm: The two sides have agreed on a one-year deal worth $4MM, Ethan J. Skolnick of the Miami Herald tweets.

8:39am: Udonis Haslem is finalizing a deal to stay in Miami for his 14th season, tweets Tim Reynolds of The Associated Press. The veteran power forward has been in negotiations with the Heat this week and is hoping to receive a contract for something more than the veteran’s minimum.

Haslem, 36, has been with the franchise since 2003, but has seen his playing time drop steadily in recent years. He appeared in 37 games with Miami this season, averaging 1.6 points and 1.8 rebounds in 7.0 minutes of action. Team president Pat Riley recently singled out Haslem for becoming a mentor with younger players and said he would like to keep him for another season.

The Heat may need Haslem on the court more often next season if Chris Bosh‘s availability remains limited by health issues. Another veteran big man, Amar’e Stoudemire, is also a free agent and may not return to Miami.

Heat To Sign James Johnson

NBA: Toronto Raptors at Sacramento Kings

Kelley L Cox / USA TODAY Sports Images

Free agent combo forward James Johnson has agreed to a one-year deal with Miami, tweets Marc Stein of ESPN.com. The 29-year-old combo forward will receive $4MM.

Johnson spent the past two seasons with the Raptors, where he built a reputation as a defensive specialist. He played in 57 games and started 32, averaging 5.0 points and 2.2 rebounds in 16.2 minutes.

Jackson has also played for the Bulls, Kings and Grizzlies in his eight-year NBA career. He made $2.5MM this season with Toronto.

Heat To Sign Wayne Ellington

Mar 15, 2016; Brooklyn, NY, USA; Brooklyn Nets guard Wayne Ellington (21) drives the ball during the first quarter against the Philadelphia 76ers at Barclays Center. Mandatory Credit: Anthony Gruppuso-USA TODAY Sports

Anthony Gruppuso / USA TODAY Sports Images

Wayne Ellington will sign with Miami, tweets The Vertical’s Adrian Wojnarowski. The 28-year-old shooting guard is expected to receive more than $12MM over two seasons.

The addition of Ellington reduces the chance that Miami matches Brookyn’s $50MM offer to Tyler Johnson, tweets Ira Winderman of The Sun-Sentinel. The Heat now have five guards under contract, as Ellington joins Goran Dragic, Josh Richardson, Briante Weber and Rodney McGruder.

Ellington appeared in 76 games with the Nets after signing with Brooklyn last summer. He started 41 times and averaged 7.7 points in a little more than 21 minutes per game. He has also played for the Timberwolves, Grizzlies, Cavaliers, Mavericks and Lakers in his seven-year NBA career.

Heat To Sign Derrick Williams

The Heat have agreed to a contract with free agent forward Derrick Williams, Adrian Wojnarowski of The Vertical reports (via Twitter). The arrangement is for one year and will pay Williams $5MM, the scribe adds. Ian Begley of ESPN.com first reported Miami’s interest in Williams.

The Knicks had expressed their desire to bring Williams back to New York for next season, but the team lacked the cap flexibility to re-sign him, though, the forward “only” landing a salary of $5MM in the current free agent market is a bit surprising. Williams isn’t necessarily a starting caliber player, but he can certainly be a valuable contributor off the bench. The 25-year-old opted out of his contract with the Knicks in June and was slated to earn $4.598MM for 2016/17, so he secured himself a small raise for his troubles.

Williams appeared in 80 games for the Knicks this past season, including nine tip-offs as a starter. He averaged 9.3 points, 3.7 rebounds and 0.9 assists in 17.9 minutes per outing. Williams’ slash line on the year was .450/.293/.758.

Heat, Udonis Haslem Negotiating New Deal

One longtime member of the Heat left for Chicago this week, but it sounds like another won’t be going anywhere. According to Ira Winderman of The South Florida Sentinel, the Heat are in negotiations with free agent big man Udonis Haslem, and are working toward a new agreement with him. Unlike Miami’s earlier discussions with Dwyane Wade, talks with Haslem are amicable, and are expected to result in a deal above the veteran’s minimum, says Winderman.

Haslem, 36, joined the Heat at the same time Wade did back in 2003, and has been with the franchise since then. The Florida native doesn’t play as many minutes or contribute as much as he once did, having averaged a career-low 7.0 minutes per contest in 2015/16. Still, he provides a veteran leadership that Miami values.

Although the Heat did secure an agreement with Hassan Whiteside, the team is seeking additional frontcourt depth, with Luol Deng headed to Los Angeles, Amar’e Stoudemire unsigned, and Chris Bosh‘s health still a question mark. Re-signing Haslem would be a start, but the Heat have also expressed interest in Derrick Williams, sources tell Ian Begley of ESPN.com (Twitter link).

Winderman adds within his report that point guard Beno Udrih – who was bought out by the Heat earlier this year – is working out at AmericanAirlines Arena. It’s not clear if Miami intends to re-sign Udrih, but the veteran free agent is eligible to return to the Heat at any time, as Winderman notes.