Miami Heat Rumors | Hoops Rumors

Heat, Dwyane Wade Make Progress Toward Deal

July 1st, 2015 at 12:24pm CST by Chuck Myron

The Heat and Dwyane Wade are progressing in talks toward what will likely be a multiyear deal, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Wade is seeking the max, as Wojnarowski wrote earlier. The Lakers, with whom Wade has reportedly held mutual interest, have been planning to have him in for a meeting, though none has been scheduled, according to USA Today’s Sam Amick (on Twitter).

The max for Wade would be roughly equivalent to 35% of the salary cap, likely at least $22MM. Still, it’s been tough to peg just what Wade has wanted. Wade was to have welcomed $20MM salaries on a three-year deal, as Barry Jackson of the Miami Herald wrote weeks ago, while more recently Chris Mannix of SI.com wrote that Wade was seeking at least $16MM. In any case, Miami seems determined to figure out a solution with Wade before he talks with other teams, Mannix tweets. The Clippers also apparently have mutual interest, but the Heat have been optimistic the last few days, according to Jackson (on Twitter).

Monta Ellis In Talks With Pacers

July 1st, 2015 at 4:00am CST by Chuck Myron

4:00am: Indiana is believed to be offering Ellis a deal in the three-year, $32MM range, Wojnarowski reports.

1:25am: Ellis and his family are traveling to Indiana to meet with Pacers officials on Wednesday, Wojnarowski relays (via Twitter).

1:06am: The Hawks, Nuggets and Kings are calling on Ellis tonight, too, a source tells Ken Berger of CBSSports.com (Twitter link).

JULY 1ST, 12:31am: Ellis is “gathering traction” in talks with the Pacers, tweets Adrian Wojnarowski of Yahoo! Sports. Bird is determined to reach a deal and the Pacers are pushing hard, Wojnarowski adds (on Twitter).

JUNE 30TH, 11:22am: The Kings have interest in Ellis, too, Broussard hears (Twitter link).

12:11pm: Interest is mutual between Ellis and the Heat, and the shooting guard also plans to talk to the Hawks, reports Shams Charania of RealGM, who suggests that Ellis would generally prefer to sign with an East Coast team.

JUNE 24TH, 10:15am: The Pacers and Heat are interested in signing Monta Ellis, who’s opting out of his contract with the Mavs to become a free agent, a source tells Chris Broussard of ESPN.com (Twitter link). Interest from both would presumably hinge on other option decisions. The Heat would be unlikely to have the cap space necessary to chase Ellis if Dwyane Wade opts in to his $16.125MM salary for next season or if the sides work out a new deal. The same is the case with the Pacers and both Roy Hibbert and David West, who also hold player options.

Ellis, a Relativity Sports client is surely seeking more than the $8.72MM he would have seen on his player option with the Mavs. The shooting guard has until midnight tonight to change his mind and opt in, but that would be unforeseen. The Heat have only about $43MM committed for next season against a projected $67.1MM cap, but they have a lucrative offer earmarked for Goran Dragic and also seemingly have interest in retaining Luol Deng, who has a player option worth $10.152MM. A continued partnership with Wade, who’s reportedly open to leaving the team amid tense negotiations, would presumably push the team well into tax territory, though Miami is reportedly shopping Mario Chalmers and Chris Andersen in an effort to clear salary. Ellis would ostensibly be a replacement for Wade at the shooting guard position in Miami.

Indiana, unlike Miami, doesn’t have a star entrenched at two-guard, though with $36MM in guaranteed salaries on the books, Hibbert’s option of more than $15.514MM and West’s, worth $12.6MM, would largely close the door on any chance the Pacers have at opening cap room without making a trade. The deadlines both face to decide on their respective options aren’t until next week, GM Kevin Pritchard said, according to Candace Buckner of the Indianapolis Star (Twitter link), and it’s unclear what they’ll choose to do. Pacers president of basketball operations Larry Bird earlier this spring seemed to encourage Hibbert to opt out as Indiana seeks a faster style of play.

Free Agency Rumors: Pierce, Green, Dragic

June 30th, 2015 at 11:56pm CST by Zachary Links

The Wizards have a phone conversation scheduled with free agent forward Paul Pierce at 12:01 a.m. ET, a league source tells Shams Charania of RealGM (on Twitter). Here’s more from a busy night around the league:

One GM told Sean Deveney of the Sporting News (on Twitter) that the three-year, $46MM deal that Chandler Parsons signed in 2014 will set the market for wings this year. That will apparently have an impact on guys like Danny Green, Khris Middleton, and DeMarre Carroll.
The Heat placed a call to Goran Dragic shortly after midnight on the East Coast, according to Ramona Shelburne of ESPNLosAngeles.com (on Twitter). However, the guard is in Slovenia where it’s early in the morning and Shelburne seems to be implying that he was not awake to receive the call.
The Cavs have reached out to the reps for forward Tayshaun Prince, according to Chris Haynes of the Northeast Ohio Media Group. The Cavs feel that Prince could help shore up their wing depth. Prince, 35, played for the Grizzlies, Celtics, and Pistons last season and averaged 7.5 PPG and 3.6 RPG.
The Mavericks and Rockets were the first two teams to reach out to Patrick Beverley, sources tell Alex Kennedy of Basketball Insiders (on Twitter).

Eastern Rumors: Knicks, Millsap, Wade

June 30th, 2015 at 10:07pm CST by Zachary Links

Madison Square Garden named long-time talent agency executive David “Doc” O’Connor as its next chief executive, as The Associated Press writes. O’Connor comes from CAA, the same agency that represents Knicks star Carmelo Anthony, Kevin Durant, Chris Paul, and Paul George. O’Connor will officially join the Knicks on July 15th. Here’s more out of the East..

Paul Millsap‘s possible price range of $17-$19MM would be too high for the Knicks, Michael Scotto of Basketball Insiders tweets. The Knicks are said to be eyeing the Hawks free agent.
Heat people are optimistic a deal will get done with Dwyane Wade, even though Wade is expected to at least consider other options, Barry Jackson of the Miami Herald writes. Meanwhile, two Wade associates cite the Lakers as his top choice other than the Heat.
The Celtics are expected to show interest in free agent forward Amir Johnson and they could also pursue a reunion with former Celtic Gerald Green, Chris Mannix of SI tweets.
Pending free agent Rodney Stuckey will have at least two “serious” suitors besides the Pacers when he hits free agency tonight, A. Sherrod Blakely of CSNNE.com tweets. The guard is very much interested in staying with the Pacers, but Scott Agness of VigilantSports.com (on Twitter) hears that his asking price might be around $6MM. He hears that roughly six teams have expressed interest.
There’s mutual interest between the Pacers and Lavoy Allen, but the two sides won’t have deep discussions until the Pacers see what kind of money they have available, Agness tweets.
Free agent guard John Jenkins has signed with Relativity Sports, according to Alex Kennedy of Basketball Insiders (on Twitter). The Hawks guard, who appeared in just 37 games the past two seasons after playing in 61 contests as a rookie in 2012/13, left BDA Sports Management earlier this month.

Free Agency Rumors: Boozer, Williams, Heat

June 30th, 2015 at 6:24pm CST by Zachary Links

The latest free agent news..

The Nets, Mavs, Rockets, Lakers, Heat, and Spurs are in on veteran big man Carlos Boozer, Chris Broussard of ESPN.com tweets.
In addition to the incumbent Kings (whose interest was previously reported), the Wizards, Rockets, Lakers, Heat, Suns, and Knicks are expected to show interest in forward Derrick Williams, Broussard tweets. Williams can become a restricted free agent this summer if the Kings tender him a qualifying offer worth $4,045,894. The former No. 2 overall pick averaged 8.3 PPG and 2.7 RPG in 74 games last season.
The general sense among teams around the league is that Kyle O’Quinn will be able to draw $4-5MM salaries on his next deal and Shane Larkin $2-3MM on his, as Steve Kyler of Basketball Insiders writes in his NBA AM piece. Sources tell Kyler that Gerald Green could be had for around $5MM a year, or slightly less on a deal that runs three or four years.
The Mavs, Pacers, Grizzlies, Clippers, and incumbent Suns are the teams showing the most interest in high-flying big man Brandan Wright, Tim MacMahon of ESPNDallas.com tweets.
Jamario Moon is looking to make an NBA comeback and has signed with Hazan Sports Management, according to Alex Kennedy of Basketball Insiders (on Twitter).

Chuck Myron contributed to this post.

Southeast Rumors: Heat, Winslow, Harris, Brand

June 30th, 2015 at 2:18pm CST by Zachary Links

Dan Le Batard of the Miami Herald (via Barry Jackson on Twitter) hears that the Celtics offered the Heat four first-round picks and two second-rounders for their No. 10 pick so that they could grab Justise Winslow. Instead, Miami stood pat and grabbed the Duke star, who many feel could wind up being the sleeper of the draft. Here’s more from the Southeast Division..

Magic forward Tobias Harris is looking for a max or near-max offer sheet since the salary cap is set to rise, according to Alex Kennedy of Basketball Insiders (on Twitter). If he gets a large enough offer, Kennedy adds, the Magic might not match. Harris, as expected, received a QO from Orlando earlier today.
The Hawks likely won’t re-sign Elton Brand, according to Chris Vivlamore of the Atlanta Journal-Constitution. Vivlamore anticipates that Mike Muscala, entering his third season, will have an increased role with Brand out of the picture.
More from Vivlamore, who tweets that the Hawks have announced that Kyle Korver will undergo surgery. The sharpshooter’s procedure will be done in New York by Dr. David Altchek.
Magic GM Rob Hennigan said it’s possible he will be “very active” in free agency, Josh Robbins of the Orlando Sentinel writes. Still, Robbins points out that Orlando is unlikely to jump into the mix for Marc Gasol, LaMarcus Aldridge, or Kevin Love.
Janis Timma, whose NBA rights were traded to the Magic last week, has joined up with B.C. Zenit Saint Petersburg, according to Emiliano Carchia of Sportando (on Twitter).
Mario Hezonja‘s buyout agreement calls for him to give $1.4MM to his former club, not ~$1.8MM as previously reported, according to David Pick of Eurobasket.net (on Twitter). In a chat with Robbins, agent Arn Tellem confirmed that the buyout for the Magic‘s top draft pick has been finalized.

Heat Decline Michael Beasley’s Team Option

June 30th, 2015 at 1:22pm CST by ChrisCrouse

TUESDAY, 1:22pm: The move indeed took place, according to Eric Pincus of Basketball Insiders (Twitter link).

SUNDAY, 12:16pm: The Heat have informed Michael Beasley that they will not pick up his option for the 2015/16 season, according to Barry Jackson of the Miami Herald (Twitter link). Beasley would have made slightly less than $1.3MM had the team opted to pick up his option.

Miami indicated the the decision to draft Justise Winslow was a major factor in the decision to part ways with Beasley, Jackson adds in a full-length article. There was no discussion of Beasley returning to the Heat down the road, according to Jared Karnes, who represents Beasley and spoke to Jackson.

Starting small forward Luol Deng has a player option worth more than $10.15MM for the upcoming season and the team hopes he sticks around for at least one more season. Assuming Deng is on the roster next season, along with Chris Bosh, Josh McRoberts and Winslow, the team shouldn’t have a major need at either forward position. Beasley played minutes at both the three and the four spot while averaging 8.8 points, 3.7 rebounds per game while shooting 43.4% from the field during his third stint in Miami.

Free Agent Rumors: Wright, Belinelli, Barea

June 29th, 2015 at 6:45pm CST by Chuck Myron

Dorell Wright is unlikely to return to the Trail Blazers, Jabari Young of CSNNW.com reports. Wright, who was born in Los Angeles, would like to return home and play for either the Clippers or Lakers, Young continues. The Lakers are the more likely suitor for the unrestricted free agent, who made $3.135MM last season, unless the Clippers fail to secure the services of Paul Pierce, Young adds. The Raptors could also make a run at Wright but Young believes the Heat, who were previously thought to be interested in Wright, probably won’t pursue him since Luol Deng exercised his player option.

In other free agent news around the league:

Spurs swingman Marco Belinelli could be targeted by the Bulls if they fail to re-sign Mike Dunleavy, K.C. Johnson of the Chicago Tribune tweets. The Bulls have made retaining Dunleavy a priority and he’s comfortable playing in Chicago, Johnson adds. Both players are unrestricted free agents.
The Clippers are interested in C.J. Watson, Lavoy Allen, Darrell Arthur and Gerald Green, among others, according to Dan Woike of the Orange County Register (Twitter links). They’d like to find a true point guard to serve as a backup, a league source tells Ben Bolch of the Los Angeles Times (on Twitter).
The Raptors could be a landing spot for Bismack Biyombo, Rick Bonnell of the Charlotte Observer tweets. Biyombo will be an unrestricted free agent because the Hornets decided not to make him a qualifying offer.
The Heat, Bulls, Lakers and Mavericks are among teams interested in signing J.J. Barea, a source told Tim MacMahon of ESPNDallas.com (Twitter link). Barea is seeking a multi-year contract in the $3MM per year range, MacMahon adds.
The only incumbent free agents the Pelicans don’t appear to have at least some interest in re-signing are Jimmer Fredette and Toney Douglas, as John Reid of The Times-Picayune details.

Dwyane Wade Opts Out

June 29th, 2015 at 3:58pm CST by Chuck Myron

3:58pm: A Heat spokesperson confirmed to Ira Winderman of the Sun Sentinel that Wade is indeed opting out (Twitter link).

2:35pm: Dwyane Wade will turn down his $16.125MM player option to instead hit free agency, reports Ramona Shelburne of ESPN.com (Twitter link). The news isn’t altogether surprising, as Wade had been hinting as much since Barry Jackson of the Miami Herald reported last month that he was open to leaving the only NBA team he’s ever played for. Marc Stein of ESPN.com earlier today suggested that the Heat expected Wade to opt out, though they were expected Luol Deng to opt out before he surprisingly opted in. Goran Dragic is “basically a lock” to return to Miami, Stein reported, though Jackson wrote last month that the chances of Dragic leaving increase if Wade signs with another team.

The Heat have preferred that Wade opt in and sign for $10MM salaries next summer, though Wade, Henry Thomas client, would welcome $20MM a year for three years, as Jackson reported. Wade and the Lakers apparently have mutual interest and the same is reportedly true of the Clippers. LeBron James seems interested in recruiting him to the Cavs, but Wade and Heat have nonetheless appeared eager to find a solution that keeps them together. Still, a friend of Wade’s told Jackson recently that the 33-year-old shooting guard has become angry with Miami and doesn’t feel the team regards him as a priority. Team president Pat Riley spoke highly of Wade a few days ago, saying in part that, “We love Dwyane. Dwyane is a pillar.”

At issue is Miami’s salary crunch, as the team has about $53MM in guaranteed salaries already on the books with Deng having opted in. A deal approaching the max, which is likely to come in around $19MM, for Dragic, plus a $20MM salary for Wade would send the team far above the projected $81.6MM tax line. Riley denied a recent report that the team is looking to trade Chris Andersen and Mario Chalmers in a deal that could clear about $10MM in salary.

Luol Deng Opts In With Heat

June 29th, 2015 at 1:30pm CST by Chuck Myron

1:30pm: The move is official, the Heat announced (on Twitter).

1:03pm: Deng has apparently changed course, as agent Herb Rudoy tells TNT’s David Aldridge that he’s opting in, not out (Twitter link).

11:08am: The Heat expect Luol Deng to turn down his player option worth nearly $10.152MM and hit free agency, reports Marc Stein of ESPN.com (Twitter links). The deadline for him to do so is today. Stein also hints that the Heat also expect Dwyane Wade to turn down his player option worth $16.125MM, as Wade has hinted he’ll do. Goran Dragic, who already turned down his $7.5MM player option, is “basically a lock” to stay with the Heat, Stein writes, but the same isn’t true of either Deng or Wade.

Heat president Pat Riley made it clear last week that he wants Deng back, even in the wake of Miami’s choice of fellow small forward Justise Winslow with the No. 10 pick. Deng, 30, expressed his love for the Heat organization back in April, citing its medical staff. Still, that was before Barry Jackson of the Miami Herald reported that Wade is open to leaving the Heat, throwing Miami’s offseason plans a curveball.

People around the league this spring expressed doubt to Steve Kyler of Basketball Insiders that Deng could find a salary better than what his option would give him for this coming season. Still, the Interperformances client will probably be able to find a deal that would lock in a greater total of money, albeit over a longer period of time, though that’s just my speculation.

Miami only has about $43MM in guaranteed salaries for next season, but new deals for Dragic, Wade and Deng threaten to push the team beyond the projected $81.6MM tax line. The Heat would pay repeat-offender tax penalties if they’re above the tax line at the end of the 2015/16 regular season.