Miami Heat Rumors | Hoops Rumors

Scotto’s Latest: Beasley, Hield, Nuggets, Martin, Pelicans, Mavs, Cavs

July 5th, 2024 at 10:32pm CST by Luke Adams

Coming off a season in which he made a career-high 41.3% of his three-point attempts, free agent swingman Malik Beasley was considered the Mavericks‘ Plan B for outside shooting help if they were unable to land Klay Thompson, reports Michael Scotto of HoopsHype.

With Dallas no longer in the mix for Beasley, the 27-year-old sharpshooter is receiving interest from the Pelicans, who like the idea of having him stretching the floor alongside Zion Williamson, league sources tell Scotto.

Meanwhile, the Pistons “flirted” with potentially offering Buddy Hield a one-year contract and have considered doing the same for Beasley, Scotto writes, but for now Detroit wants to keep its salary cap space open for trade purposes, since the team is well positioned to take on an unwanted contract or two and receive draft assets for its trouble.

Here’s more from Scotto:

The Nuggets and Heat were among the teams to express interest in Hield before he agreed to join the Warriors, per Scotto. However, neither team could realistically match the $8.7MM starting salary Hield got from Golden State. Denver is shopping in free agency with its $5.2MM taxpayer mid-level exception in the hopes of adding a player who can help fill the Kentavious Caldwell-Pope-sized hole in the team’s rotation, Scotto notes.
When he declined his $7.1MM player option with Miami, Caleb Martin was hoping for a deal worth at least the full mid-level exception ($12.9MM) and possibly more than that, sources tell HoopsHype, but nothing has materialized so far. The Sixers are among the teams with interest in Martin, but his asking price would have to drop for that to be realistic, according to Scotto.
While the Pelicans continue to peruse the trade market for centers – with Wendell Carter of the Magic among the targets on their radar – veteran big man Daniel Theis has been linked to New Orleans as a possible cheaper option in free agency, Scotto writes.
The Mavericks, in the market for one more guard, have considered a possible reunion with Spencer Dinwiddie or Dennis Smith Jr., according to Scotto, who hears that Malachi Flynn is another playing Dallas is considering if Dinwiddie and Smith end up elsewhere.
Johnnie Bryant (Knicks), Jared Dudley (Mavericks), and Trevor Hendry (Nets) are among the coaches the Cavaliers are eyeing as possible assistants for Kenny Atkinson‘s staff, Scotto reports. Bryant was close with Donovan Mitchell from their days in Utah together, while Dudley and Hendry were with Atkinson in Brooklyn (Dudley as a player, Hendry as a staffer).

And-Ones: Team USA, Bonuses, Summer League, Draft, Tavares

July 5th, 2024 at 7:07pm CST by Luke Adams

The members of the U.S. Olympic team that will compete in Paris this summer have arrived in Las Vegas, writes Tim Reynolds of The Associated Press. Team USA will hold a pre-Olympic camp in Vegas from July 6-8 and will be joined by a 15-man Select Team for scrimmaging purposes.

Led by LeBron James (two Olympic gold medals, 20 All-Star berths) and Kevin Durant (three gold medals, 14 All-Star berths), the 12-man Olympic roster is as formidable as any team USA Basketball has fielded in the 21st century, with 84 combined All-Star nods. It will make picking a starting lineup a challenging task for head coach Steve Kerr.

“It’s a good problem to have,” Kerr said on Friday, per Reynolds. “I’m guessing that all 12 players on this roster will be in the Hall of Fame someday. So, how do you pick five out of 12? The idea is, you find combinations that click, and you find two-way lineups that can be effective at both ends. Our big job in Las Vegas is to find five-man combinations that fit and to just ask all 12 guys to fully commit to the goal of winning a gold medal no matter what it looks like, no matter who’s playing.”

Here are a few more odds and ends from around the basketball world:

Expect NBA teams to include unlikely incentives less frequently in player contracts going forward, tweets ESPN’s Bobby Marks. Those unlikely bonuses don’t count against the cap if they’re not earned, but they do count when determining a team’s position relative to the tax aprons, giving high-spending teams less wiggle room below those aprons. For instance, the Heat – who are operating in between the first and second aprons – would presumably prefer not to have to account for the $1.5MM unlikely bonus Tyler Herro would earn for winning Defensive Player of the Year.
With the Bulls, Magic, Nets, Trail Blazers, Cavaliers, and Hawks among the teams announcing their Summer League rosters on Friday, Brett Siegel of Clutch Points has updated his tracker of the Summer League squads from around the NBA.
While no concrete decisions have been made yet about next year’s draft schedule, the expectation is that the NBA will want the second round (ie. the second day) to start in the evening instead of the afternoon, Marc Stein writes at his Substack. The second day of the 2024 draft began at 4:00 pm Eastern time on June 27 so as not to compete with the U.S. presidential debate that was scheduled for that evening.
There had been some speculation in the spring that Walter Tavares might try to make an NBA comeback this summer, but the former Hawks and Cavaliers big man – who has been a star in Europe since 2017 – won’t be going anywhere, having signed a five-year contract with Real Madrid, the Spanish team announced in a press release. The all-time EuroLeague blocks leader, Tavares has won a pair of EuroLeague championships with Madrid in 2018 and 2023.

Trade Rumors: Markkanen, DeRozan, Young, Cavaliers

July 5th, 2024 at 4:09pm CST by Rory Maher

The Jazz continue to listen to trade offers for Lauri Markkanen, according to ESPN’s Zach Lowe (subscriber link), who hears from sources who say the Heat are among the teams interested in the star forward.

As Lowe writes, Markkanen’s situation is complicated because he’s on a below-market contract that will pay him $18MM in 2024/25, which is the final season of his contract. That makes a standard contract extension – which can’t start above 40% of his current salary – unlikely. Rival teams may not be willing to give up a major haul of assets with no guarantees that the 27-year-old would stick around beyond next season.

Utah could potentially get more value in return for Markkanen in several months if the team renegotiates and then extends his contract. However, that scenario is also tricky.

As Marc Stein details (Substack link), Markkanen becomes eligible for a renegotiation and extension on August 6, but he won’t be trade-eligible for six months if he signs a new deal. That means if he signs the extension on the first day he’s eligible to, he would only be eligible to be traded for one day during the season: February 6, the day of the deadline. If the extension is signed on August 7 (or later), Markkanen would not be eligible to traded during the upcoming season.

While it’s not surprising that the Heat have shown interest in the Finnish star, Barry Jackson of The Miami Herald casts doubt (via Twitter) on the feasibility of the team actually acquiring him. As Jackson notes, Utah has placed a high asking price in previous talks with Miami, which lacks future first-round picks to offer.

One team interested in Markkanen seems confident that he’ll eventually be traded, per Stein. Utah’s own 2025 first-round pick is top-10 protected, so the Jazz could be incentivized to tank ahead of a strong draft class. Utah has also struggled to acquire a second star to build the roster around him.

Here are some more trade rumors from around the NBA:

The Kings appear to be the frontrunner to acquire DeMar DeRozan in a sign-and-trade with the Bulls, according to ESPN’s Adrian Wojnarowski, who made the comments on SportsCenter (Twitter video link; hat tip to RealGM). However, Wojnarowski said a third team would likely to be need to be involved to absorb salaries, as Chicago is reluctant to add to its payroll. A six-time All-Star, DeRozan remains the top free agent left on the market.
According to Lowe, the trade market for Hawks point guard Trae Young “is as chilly as it has ever been.” Sources tell Lowe that the Spurs and Lakers — two teams linked to Young — haven’t expressed much recent interest in the three-time All-Star. Lowe says San Antonio appears unmotivated to help Atlanta regain control of its own first-round picks in a deal for Young.
Lowe hears rumors of Darius Garland potentially requesting a trade from the Cavaliers following Donovan Mitchell‘s extension have “quieted,” which confirms a report from his ESPN colleague Brian Windhorst. According to Lowe’s sources, the Cavs are still on the hunt for a 3-and-D wing, with Nets forwards Cameron Johnson and Dorian Finney-Smith worth monitoring, though Cleveland only has one tradable first-round pick (2031). Stein has also heard that center Jarrett Allen will likely be difficult to acquire after Kenny Atkinson was hired as head coach, which means the Cavs could have the same core together entering next season.

Heat Notes: Martin, Adebayo, Two-Ways, Swider

July 4th, 2024 at 8:23pm CST by Luke Adams

Before he officially passed on his $7.1MM player option for the 2024/25 season, the Heat offered Caleb Martin an extension that would have been contingent on him picking up that option, according to Barry Jackson and Anthony Chiang of The Miami Herald. While the exact details of that offer are unclear, Miami could have given Martin a starting salary as high as about $18.1MM in 2025/26 based on the NBA’s rules for veteran extensions.

The Heat haven’t given up hope of retaining Martin, but they’re only about $7MM below the second apron and have no desire to surpass that threshold, so their ability to make a competitive offer is extremely limited. Although the club could technically come close to matching the $7.1MM option the 28-year-old declined for 2024/25, that significant raise for ’25/26 is no longer possible, since free agent contracts can’t increase by more than 8% annually.

A source close to Martin tells the Miami Herald duo that the forward had been hoping to secure a deal worth more than $15MM per year. While some teams have expressed interest, it doesn’t appear that any offers in that range are on the table for Martin at this point.

Here’s more on the Heat:

It has been a fairly quiet offseason for the Heat so far, but that’s not because the team is reluctant to spend up to the second apron or use assets in trades, according to Jackson and Chiang. Three people who have been in contact with the team say Miami is maintaining its flexibility for now in case an opportunity to acquire an impact player opens up — it’s possible that sort of player could hit the trade market in the coming days or weeks, and the Heat don’t want to close the door on that possibility.
The Heat have had some trade talks with teams, including one club with “substantial” cap room, according to Jackson and Chiang. The Herald reporters don’t have details on the potential trade partner or the players who were discussed, but the Jazz and Pistons are the only clubs who still have the sort of cap room that could be considered substantial.
Bam Adebayo intends to sign the three-year contract extension that he and the Heat agreed to last week “pretty quickly” after he becomes eligible to do so on Saturday, per Jackson and Chiang. The deal will tack on three years to the two seasons left on Adebayo’s current contract and will run through 2028/29. If the cap increases by 10% in each of the next two offseasons, the star center would earn $165,348,864 on the three-year extension after making a total of $71,944,960 across the next two seasons.
In a separate story for The Herald, Chiang explores the Heat’s two-way logjam, with Dru Smith, Zyon Pullin, and Keshad Johnson currently occupying the three slots and two-way qualifying offers still out to Cole Swider and Alondes Williams. If Miami wants to bring all five players to camp, at least two would have to be there on standard or Exhibit 10 deals. Swider, who is part of the Heat’s Summer League roster, says he’s focused on developing his game, not his contract situation. “Obviously, the Heat have my rights as a restricted free agent,” Swider said. “I want to be here. But at the same time, it’s all up to the things that I can control and I’m going to bring the energy, the effort and try to lead this summer league team to have a great summer league.”

Heat Sign Alec Burks To One-Year Deal

July 4th, 2024 at 1:11pm CST by Luke Adams

July 4: Burks’ minimum-salary contract is now official, the Heat announced in a press release.

July 3: The Heat have agreed to terms on a one-year contract with free agent guard Alec Burks, reports Adrian Wojnarowski of ESPN (Twitter link). It’ll be a minimum-salary deal, confirms Anthony Chiang of The Miami Herald (Twitter link).

Burks, who will turn 33 later this month, is a 13-year veteran who has played for seven teams since entering the NBA in 2011, including both the Pistons and the Knicks in 2023/24.

The former 12th overall pick had a solid first half in Detroit, averaging 12.6 points per game with a .401 3PT% for the league’s worst teams. However, he struggled after being sent to New York in a deadline deal, scoring just 6.5 PPG and making 30.1% of his three-pointers in 23 regular season games down the stretch.

Burks has a solid track record as a scorer and shooter (.383 career 3PT%) and finished the year strong this spring, reclaiming a spot in a banged-up Knicks’ rotation during the Eastern Conference semifinals. In New York’s last five playoff games vs. the Pacers, he averaged 17.8 PPG on .510/.429/.844 shooting.

There should be minutes available in Miami for Burks, who will be tasked with helping to fill the holes created in the rotation if Caleb Martin and Haywood Highsmith don’t return to the team.

Burks projects to be the 13th player on a standard guaranteed contract with the Heat. That total doesn’t include Orlando Robinson, whose 2024/25 salary is non-guaranteed and whose hold on a 15-man roster spot appears tenuous.

Free Agent Rumors: DeRozan, Kings, Spurs, Morris, Bridges, Jones

July 3rd, 2024 at 9:59pm CST by Luke Adams

Following up on a report from Marc J. Spears stating that Sacramento is a “dark horse” suitor to watch for DeMar DeRozan, Barry Jackson of The Miami Herald confirms (via Twitter) that the Kings and Bulls have had discussions about a possible sign-and-trade deal involving the free agent forward.

The Spurs have also emerged as a possibility for DeRozan, Jackson adds. The 34-year-old previously spent three seasons playing for Gregg Popovich in San Antonio from 2018-21.

While Jackson (Twitter link) isn’t entirely ruling out the Heat for DeRozan, he notes that the club’s cap situation makes it impossible to give the forward the kind of contract he’s seeking, so the front office seems more likely to preserve its assets in case a better trade opportunity arises — as a first-apron team, Miami would be in a better position to acquire a player who is already under contract than a free agent like DeRozan via sign-and-trade.

Here are a few more free agent rumors and notes from around the NBA:

The Sixers have expressed interest in the possibility of a reunion with free agent forward and Philadelphia native Marcus Morris, multiple sources tell Keith Pompey of The Philadelphia Inquirer. However, the 76ers aren’t the only team eyeing Morris. The Pistons, Hornets, Cavaliers, Mavericks, Heat, and Timberwolves have all expressed some level of interest too, Pompey writes.
It’s unclear where Miles Bridges will end up, according to Rod Boone of The Charlotte Observer, who says that the Pistons‘ interest seems to have dwindled following their front office and coaching changes, while the Sixers were “never in” on the free agent forward. The Hornets and Bridges publicly expressed interest in a new deal earlier in the offseason, but they’ve had over two weeks to talk and still don’t appear to have momentum toward an agreement. “I think they end up signing and trading Bridges,” a rival executive told Boone.
The Clippers continue to have interest in bringing back Kai Jones, but the free agent big man has an ankle injury that will prevent him from suiting up for Summer League, a source tells Law Murray of The Athletic (Twitter link).
The Pistons are one of the only teams that still has significant cap room available and they’ll need to at least reach the minimum salary floor before the season begins. Omari Sankofa II of The Detroit Free Press (subscription required) suggests a few potential free agents targets for Detroit, including Malik Beasley and Gary Trent Jr., while James L. Edwards III of The Athletic considers trade scenarios that might make sense for the club’s cap room.

Heat Re-Sign Thomas Bryant

July 3rd, 2024 at 7:54pm CST by Luke Adams

7:54pm: Bryant has officially re-signed with the Heat, the team confirmed in a press release.

12:49pm: The Heat and Thomas Bryant have reached an agreement on a new one-year contract for the free agent center, league sources tell Marc Stein (Twitter link). The deal will be worth the veteran’s minimum, tweets Anthony Chiang of The Miami Herald.

Bryant, who initially signed a two-year, minimum-salary contract with the Heat last summer, averaged 5.7 points and 3.7 rebounds in just 11.6 minutes per game across 38 appearances.

Miami had envisioned him as the backup at the five behind Bam Adebayo, but the fit wasn’t quite as smooth as either side has hoped, and the 26-year-old was in and out of the rotation for much of the season.

Because the second year of that initial contract was a player option (worth $2.85MM), Bryant was able to opt out and talk to other potential suitors on the open market. However, it seems as if he wasn’t offered any opportunities he liked more than one to remain in Miami for another season.

Bryant will earn slightly less ($2.8MM) on his new contract than he would have on his option, while the Heat’s charge for cap and tax purposes will be just $2.09MM. He’ll join a group of centers that features Kevin Love (who also agreed to a new deal with the Heat) and rookie Kel’el Ware.

Orlando Robinson also remains on the roster on a non-guaranteed contract, but the new deals with Bryant and Love, along with the selection of Ware, make it less likely that he’ll be back, tweets Ira Winderman of The South Florida Sun Sentinel.

FA/Trade Rumors: Sixers, Heat, DeRozan, Warriors, Markkanen, Lakers, More

July 3rd, 2024 at 2:14pm CST by Luke Adams

Signs are pointing toward Paul Reed being traded or waived rather than returning to the Sixers, according to Keith Pompey of The Philadelphia Inquirer, who notes that waiving Reed or using his pseudo-expiring $7.7MM contract as a trade chip would allow the team to maximize its cap room. Pompey adds that Philadelphia has had discussions with free agent forward Haywood Highsmith, while Barry Jackson of The Miami Herald tweets that the 76ers have also “poked around” on Caleb Martin.

Although the Heat remain in the mix for both of their free agents and could technically make Martin and Highsmith big offers, they’ve told people they don’t intend to surpass the second tax apron due to the roster-building restrictions that second-apron teams face, says Jackson (Twitter link). That limits Miami’s ability to make a competitive offer to either player.

Despite the Heat’s financial restrictions, Jovan Buha of The Athletic has heard from league sources that Miami is viewed as the “slight” favorite to land DeMar DeRozan. The team doesn’t have the spending flexibility to make it work without additional moves, but DeRozan likes the idea of playing for the Heat and the two sides have remained in touch, tweets Jackson.

Here are a few more rumors and notes related to the trade and free agent markets:

The Warriors and Spurs are considered the most serious suitors for Jazz forward Lauri Markkanen, according to Chris Haynes of Bleacher Report (video link), who says Golden State has been the most aggressive team in its pursuit of Markkanen.
Appearing on SportsCenter on ESPN (Twitter video link), Adrian Wojnarowski said the Lakers aren’t interested in using their tradable draft picks just to move off contracts, but would be open to including draft assets for a quality player. However, they’re not pursuing a deal for a high-salary impact player, since they’re skeptical the three-star model is feasible under the new CBA, Wojnarowski explains.
While a report on Monday suggested the Nets are open to reuniting with Lakers guard D’Angelo Russell, sources tell Brian Lewis of The New York Post that’s not expected to happen.
In an appearance on Sactown Sports 1140 (YouTube link), Sam Amick of The Athletic said that he’s skeptical the Kings will land Markkanen or Pelicans forward Brandon Ingram, noting that Sacramento still appears to be taking a hard line in its desire to keep Keegan Murray off the table in trade talks. “I don’t know how long the list of guys is that they would give Keegan up for, but it’s not anybody currently available on the market,” Amick said.

FA Rumors: DeRozan, Kings, Hield, Warriors, Martin, Heat, Hezonja

July 3rd, 2024 at 9:19am CST by Luke Adams

Assuming DeMar DeRozan doesn’t sign with a cap-room team, it will almost certainly require a sign-and-trade to land him, per Chris Haynes of Bleacher Report (video link). As Haynes explains, DeRozan has no interest in settling for a mid-level offer.

“For the teams that might be calling or gauging interest in DeMar taking a full mid-level exception, which is around $13MM, I’m told that is not even being considered right now,” Haynes said on Tuesday.

The Bulls won’t bring back DeRozan, but they’re open to working with him on a sign-and-trade to help him get where he wants, Haynes confirms. Still, negotiating that sort of deal will be a challenge, given that some of the forward’s suitors (like Miami) aren’t in a great financial position to make a sign-and-trade. I’d also expect Chicago will be reluctant to take back much salary, since the team projects to be about $13MM below the luxury tax line, though that number is fluid and would move up or down if other moves are made.

Appearing on ESPN’s NBA Today on Tuesday (Twitter video link), Marc J. Spears of Andscape identified the Kings as one “dark horse” suitor to watch for DeRozan. Sacramento has reportedly made Harrison Barnes, Kevin Huerter, and draft capital available in trade talks (in general, not for DeRozan specifically) as the team looks to upgrade its roster around Domantas Sabonis and De’Aaron Fox. Previous reporting has indicated that the Bulls like Huerter.

Here are a few more free agency updates from around the NBA:

Buddy Hield doesn’t have an agreement in place with the Warriors yet, but the two sides are “tracking toward” a deal, according to Jake Fischer of Yahoo Sports (Twitter links), who says that a sign-and-trade would likely see the Sixers receive second-round draft capital in return. If Golden State doesn’t send out additional salary, the club would have to absorb both Hield and Kyle Anderson into a trade exception created by sending Klay Thompson to Dallas, or complete all three of those moves as one multi-team mega-deal in order to maximize Thompson’s outgoing salary as a matching piece (John Hollinger of The Athletic briefly explored this more complex possibility on Tuesday night).
While Caleb Martin‘s return to the Heat is still considered unlikely, it shouldn’t be entirely ruled out, according to Barry Jackson and Anthony Chiang, who suggest in a pair of stories for The Miami Herald that the team’s interest in re-signing Martin hasn’t waned as long as the price is right. Jackson and Chiang also say that Miami remains in the mix to sign Haywood Highsmith, though his return is “far from guaranteed.”
The Heat had initial discussions with DeMar DeRozan on Tuesday and expect to follow up on Wednesday, but there have been no indications that the club will “move mountains” (ie. shed significant salary) in order to land him, Jackson tweets.
Although Real Madrid has officially announced its new five-year contract with Mario Hezonja, the veteran forward has an NBA-opt out until July 20 with a modest buyout figure and has received interest from “numerous” NBA teams, according to Donatas Urbonas of BasketNews.com. The 29-year-old, who was the fifth overall pick in the 2015 draft, appeared in 330 NBA regular season games but has been out of the league since 2020.

Latest On DeMar DeRozan

July 2nd, 2024 at 1:19pm CST by Luke Adams

There’s mutual interest between the Heat and free agent forward DeMar DeRozan, a pair of sources with knowledge of the situation tell Barry Jackson and Anthony Chiang of The Miami Herald.

DeRozan is one of the top players left on the marketplace, having come in at No. 6 in our list of top 50 free agents. He led the NBA in total minutes played in 2023/24, averaging 24.0 points, 5.3 assists, and 4.3 rebounds per game with a shooting line of .480/.333/.853.

Despite the mutual interest, there’s not a clear path for Miami to offer DeRozan the sort of contract he’s seeking. As Jackson and Chiang write, the Heat are currently a first-apron team, so the best they could do would be the $5.2MM taxpayer mid-level exception. A sign-and-trade deal isn’t an impossibility, but it would require them to shed salary, since a team that acquires a player via sign-and-trade becomes hard-capped at the first apron, so it could get complicated.

DeRozan isn’t expected to return to the Bulls, but Jackson and Chiang hear that “several” teams remain in play for the six-time All-Star. One of those clubs is the Lakers, as we previously relayed. ESPN’s Adrian Wojnarowski confirmed L.A.’s interest during a SportsCenter appearance on Tuesday (YouTube link), but reiterated that it won’t be easy for the Lakers and other over-the-cap suitors to negotiate a sign-and-trade deal.

“I think there’s interest in DeMar DeRozan, but the kind of contract that he might want just is not going to be available,” Wojnarowski said. “It’s not left out there in the marketplace. The Bulls are more than willing to work on a sign-and-trade agreement to get him the years and money that he might want, but with the new salary cap rules, those are much more difficult for teams to do.

“… In DeMar DeRozan’s case, and it may not be as appealing to him, but it may look like a one-year deal somewhere, let the market reset next year. Because if you do a sign-and-trade, it’s got to be at least three years and now you’re locked into a three-year deal at a number you may not like.”

DeRozan’s free agency this summer is somewhat reminiscent of his 2021 free agency. When he hit the market three years ago, teams like the Lakers and Clippers were viewed as suitors but didn’t have the financial means to make him a competitive offer. It briefly looked like he might accept a discount to return to his hometown, but he ultimately landed with the Bulls on a three-year, $82MM deal via sign-and-trade.

It seems less likely this time around that a suitor will emerge to make DeRozan a huge three-year offer. Still, it’s worth noting that settling for a one-year contract in the hopes of securing a larger payday next summer – as Woj suggests – would be risky move for a player who will turn 35 next month.