Miami Heat Rumors | Hoops Rumors

Contract Details: Lakers, Galloway, DSJ, McCollum, More

September 30th, 2022 at 7:59am CST by Luke Adams

When the Lakers signed Matt Ryan and Dwayne Bacon to non-guaranteed training camp contracts earlier this month, both players received Exhibit 9 clauses in their new deals, but not Exhibit 10s, Hoops Rumors has learned.

Exhibit 9 contracts are non-guaranteed camp deals that don’t count against the cap during the preseason and offer teams some protection in the event of an injury. Exhibit 10s are similar, but also allow teams to convert the player to a two-way deal (if he’s eligible) or to give him a bonus worth up to $50K if he’s waived and then spends at least 60 days with the team’s G League affiliate.

As a general rule, a player who signs a training camp contract without an Exhibit 10 clause is usually just competing for a spot on his team’s 15-man regular season roster and won’t end up playing for the club’s G League affiliate if he doesn’t make the cut.

Langston Galloway (Pacers), Dennis Smith Jr. (Hornets), LiAngelo Ball (Hornets), Cody Zeller (Jazz), Timothe Luwawu-Cabarrot (Suns), and Wes Iwundu (Trail Blazers) are among the other recently signed free agents who signed Exhibit 9 – not Exhibit 10 – contracts.

Here are a few more contract details from around the NBA:

The exact cap hits on CJ McCollum‘s new extension with the Pelicans are $33,333,333 for 2024/25 and $30,666,666 for ’25/26, Hoops Rumors has confirmed. The deal is fully guaranteed, with no options or bonuses.
Veteran players who recently signed Exhibit 10 contracts include Justin Anderson (Pacers), Norvel Pelle (Pacers), Jalen Harris (Knicks), Kostas Antetokounmpo (Bulls), PJ Dozier (Timberwolves), Brodric Thomas (Celtics), Juwan Morgan (Clippers), Zylan Cheatham (Pelicans), Zavier Simpson (Magic), and Aleem Ford (Magic), Hoops Rumors has confirmed. Anderson and Pelle were subsequently waived by Indiana.
RaiQuan Gray (Nets), Justin Bean (Grizzlies), Jacob Gilyard (Grizzlies), Jules Bernard (Pistons), Stanley Umude (Pistons), John Butler (Pelicans), Garrison Brooks (Knicks), and Nuni Omot (Knicks) are among the rookies who recently signed Exhibit 10 contracts with their respective teams, Hoops Rumors has confirmed. Brooks and Omot have since been waived by New York.

Tyler Herro Wants Market Value Before Signing Extension

September 29th, 2022 at 9:16am CST by Dana Gauruder

Tyler Herro wants to sign an extension with the Heat but he’s not going to settle for less than what he perceives as his market value, Anthony Chiang of the Miami Herald reports.

Herro is looking for the “right number” before he inks a rookie scale extension, which must happen before opening night. Otherwise, he’ll be a restricted free agent next offseason.

“I want to be here. I want to be in Miami,” Herro said. “But I’m not rushed to sign anything. It’s got to make sense for me and my family. I’m not just going to sign anything. I see the market, I see what guys got paid and I know my worth. So I’m looking for the right number.”

Herro didn’t provide any details on what he believes his market value is but Chiang speculates he could seeking an extension similar to the one RJ Barrett signed with the Knicks late this summer. Barrett inked a four-year deal with $107MM in guaranteed money with another $13MM in potential bonuses.

Herro, the league’s reigning Sixth Man of the Year, will make approximately $5.72MM this season. Yet he was mentioned prominently in trade rumors this summer as Miami pursued a number of high-profile stars. Herro declares he wouldn’t be disappointed by a trade.

“I can get traded or I can stay here, I don’t care. I just want to play,” he said. “I want to play my game, have fun and I want to be wanted. Wherever they want me, I want to be.”

Herro expressed a desire to be a starter this season but has since softened that stance. After last season, team president Pat Riley challenged Herro to get stronger and become a better defensive player to earn a starting spot.

Challenge accepted, according to Herro.

“If somebody challenges me, I’m going to take it as a challenge,” he said. “That’s how my personality is, that’s what I do. And it’s not coming from just anybody. It’s coming from Pat. He wants the best for not only his team, but at the end of the day he wants the best for us individually, as well. If he challenges me, I’m going to take it on.”

Yurtseven Looks To Play With Bam

September 27th, 2022 at 8:35pm CST by Dana Gauruder

Omer Yurtseven has been putting up hundreds of 3-point shots during the offseason and he hopes that will convince Heat coach Erik Spoelstra to play him alongside Bam Adebayo at times, according to Barry Jackson of the Miami Herald. “We haven’t had the discussion, but I feel like it is in the plans,” Yurtseven said. “In pickup [games], we’ve started that rhythm that we have with each other. Training camp is going to be the real proving grounds.”

Heat Notes: Butler, Martin, Strus, Herro, Lowry

September 26th, 2022 at 5:15pm CST by Dana Gauruder

There’s been plenty of speculation this offseason that with the current makeup of the Heat’s roster that Jimmy Butler will play a lot of minutes at power forward. That’s not a prospect he relishes, he indicated during the team’s media day on Monday (link via Anthony Chiang of the Miami Herald).

“I could play the four, yes,” Butler said with a smile. “If they absolutely need me to play the four, I could, yes. If they absolutely wanted to have a conversation about me playing the four, I could, yes. But I’m not playing the four.”

Caleb Martin might be the early favorite to get the starting nod and he’d “love to start” at power forward, Barry Jackson of the Miami Herald writes. However, Martin is mainly concerned with being a part of the rotation.

“As long as I’m playing and can be productive, that’s fine,” Martin said, adding that he’s “flattered” that the team passed up on signing or trading for another power forward.

We have more on the Heat as they enter training camp:

At 6’5”, Max Strus wouldn’t seem like an option to start at the “four” spot. He’s open to do anything that would make him a part of the lineup, Jackson adds. “Obviously I want to be starting again,” he said. “That’s my goal.” In part due to injuries to team members, Strus started 16 regular season and all 18 postseason contests last season. “You don’t start in the Eastern Finals and be considered a bad basketball player,” he said.
Sixth Man of the Year award winner Tyler Herro expressed a desire after the playoffs to be a starter this season. Herro, a rookie scale extension candidate, has softened that stance, Chiang notes. “I’m a team player,” Herro, 22, said. “Whatever (coach Erik Spoelstra) and our organization wants me to do, I’m willing to do. Obviously, I have my own personal goals. But at the end of the day, the team is always over what I want to do as an individual player. So whatever they want me to do, whatever role they think fits me best, that’s what I’ll do.”
In June, team president Pat Riley said Kyle Lowry needed to improve his conditioning. Lowry took that criticism with a grain of salt, saying he didn’t do anything differently this offseason and said his conditioning is “not a problem,” Jackson relays in a separate story. “Honestly, he has his opinion,” Lowry said. “Right? Everyone has their opinion and it doesn’t do anything for me. All I do is motivate myself, I always motivate myself.”

Heat Notes: Crowder, Days, Offseason, Haslem

September 23rd, 2022 at 4:52pm CST by Luke Adams

Veteran forward Jae Crowder would welcome a return to the Heat, according to Barry Jackson of The Miami Herald. However, even though the Suns are said to be exploring Crowder’s trade market, a deal that sends him from Phoenix to Miami will be tricky to work out.

As Jackson writes, the Suns probably have zero interest in taking on Duncan Robinson‘s pricey long-term contract, and any other players the Heat could realistically use as salary-matching pieces in a Crowder trade aren’t eligible to be dealt until December or January. On top of that, Jackson would be surprised if Miami is willing to give up a future first-round pick to acquire Crowder, a 32-year-old on an expiring contract.

Here’s more on the Heat:

The Spurs were surprised when Darius Days signed a two-way contract with the Heat, according to Jackson, who says San Antonio had hoped to bring Days to training camp and have him compete for a two-way spot. One other team besides the Spurs offered Days a two-way deal, but the undrafted rookie out of LSU chose the Heat in part due to their track record of developing young talent, Jackson explains.
In another story for The Miami Herald, Jackson revisits the Heat’s offseason moves – including their decision not to go into the tax or to impose a hard cap on themselves – and wonders if it might’ve made sense for the team to offer its bi-annual exception to T.J. Warren to address its hole at power forward. Warren ended up signing a minimum-salary contract with Brooklyn.
Longtime Heat big man Udonis Haslem believes he’s “very qualified” to be part of the franchise’s ownership group and has already started talking to team executives about eventually getting a stake in the Heat, writes Anthony Chiang of The Miami Herald. “It will continue to rev up,” Haslem said of those discussions. “I’m going to continue to have them. I’m very ambitious and I’ve been creating a lot of the communication. But they’ve been receptive.” Haslem added that he wants to “learn everything from ticket sales to marketing” and be the sort of owner who brings value to the club.
In a separate article for The Herald, Chiang examines five preseason questions facing the Heat, including whether Tyler Herro will sign a rookie scale extension by the October 17 deadline and whether Kyle Lowry can set himself up for a strong second season in Miami.

Heat Add Guard Dru Smith

September 20th, 2022 at 6:45pm CST by Dana Gauruder

The Heat have signed guard Dru Smith, according to a team press release. Terms weren’t disclosed but it’s almost assuredly a training camp deal.

Smith is a familiar face. He appeared in three Summer League games with the Heat and averaged 12.0 points, 3.0 steals and 1.7 assists. He appeared in 10 games (five starts) with Miami’s G League affiliate, the Sioux Falls Skyforce, last season and averaged 8.0 points, 3.3 rebounds, 3.1 assists, 1.20 steals and 27.5 minutes.

Smith went undrafted out of Missouri.

Miami’s roster now includes 20 players, the maximum amount heading into training camp.

Butler Best Option At Power Forward?

September 19th, 2022 at 10:40pm CST by Dana Gauruder

A couple of scouts interviewed by Barry Jackson of the Miami Herald believe Jimmy Butler is the best option as the starting power forward for the Heat with Caleb Martin coming off the bench. However, there are concerns about Butler wearing down by playing that position.

Examining Whether Heat May Explore Interest In Russell Westbrook

September 18th, 2022 at 10:16pm CST by JD Shaw

Ira Winderman of the Sun Sentinel examines whether the Heat could have interest in Russell Westbrook in the event that he’s eventually bought out by the Lakers or another team. While Westbrook’s future with Los Angeles is unclear, he may not be a stellar fit alongside Jimmy Butler and Bam Adebayo. The 33-year-old is currently on track to reach free agency next summer.

Heat Notes: Herro, Okpala, Trade Options, Training Camp

September 17th, 2022 at 8:12pm CST by Arthur Hill

The deadline for rookie scale extensions is just a month away, and the Heat have a major decision to make regarding Tyler Herro, writes Ira Winderman of The Sun-Sentinel. After earning Sixth Man of the Year honors last season, Herro is in line for a new contract that Winderman estimates will exceed $25MM per year, whether that happens in the next 30 days or in restricted free agency next summer.

Winderman believes the most important factor for Miami’s front office is determining whether a significant trade is likely to present itself before the February deadline. Herro could be a valuable bargaining chip in landing another star, but if his extension is already in place, the poison pill provision will make him extremely difficult to move in 2022/23.

Situations involving the players most likely to be dealt this offseason have already been resolved, and no other stars appear unhappy with their current teams. However, Winderman points to the Pacers’ Myles Turner and the Hawks’ John Collins as players who might be available and notes that situations can change rapidly in a few months. He also points out that the rising salary cap means more teams will have money to spend next July, so Herro will be almost certain to receive a generous offer sheet.

There’s more from Miami:

KZ Okpala has a new opportunity with the Kings, but the Heat gave him plenty of chances before deciding to trade him, Winderman states in a separate story. The power forward spent nearly three full seasons in Miami before being shipped to Oklahoma City in February, but he was never able to establish himself as part of the rotation.
Heat fans have gotten used to watching the team pursue star players, but that may not be a realistic option for this season, according to Barry Jackson of The Miami Herald. The Heat are the only Eastern Conference playoff team that didn’t add a new rotation player during the offseason, and Jackson notes that no All-Star has tried to force his way to Miami since Jimmy Butler, even though it was rumored as a possible destination for Kevin Durant and Donovan Mitchell. Jackson says it’s a more realistic strategy to use some of the team’s draft assets to target someone along the lines of Turner, Jae Crowder or Bojan Bogdanovic if the Heat need a boost around the deadline.
The Heat will hold training camp in the Bahamas, Jackson adds in a separate piece. Baha Mar, one of the Caribbean’s largest event venues, announced that it has a multi-year deal in place with the team.

Heat Notes: Oladipo, Martin, Salary Cap, Butler

September 11th, 2022 at 1:50pm CST by Alex Kirschenbaum

The Heat are investing $15MM+ this season in Victor Oladipo and Caleb Martin in the hopes that both players can build on their encouraging 2021/22 runs. While Miami is certainly hoping guard Oladipo can get closer to his pre-injury All-Star heights this season, and that the 6’5″ Caleb Martin can convincingly play significant minutes as the team’s power forward, the team has a variety of other options to pick up the slack on its roster if neither scenario comes to pass, writes Ira Winderman of the South Florida Sun Sentinel.

As Winderman observes, guards Kyle Lowry, Tyler Herro, and Gabe Vincent make up a threatening backcourt rotation with or without Oladipo stepping up, and 6’7″ small forward Jimmy Butler will most likely at least finish games as Miami’s power forward.

There’s more out of South Beach:

On the heels of the news that the league’s salary cap is on track to increase over $10MM to a projected $134MM for 2023/24, Barry Jackson of the Miami Herald notes that the Heat still won’t have much flexibility to add new players, given the $132.4MM Miami has locked in for just its five best players with guaranteed deals that season. Assuming Herro reaches a contract extension agreement with the club and a few other contracts remain on the team’s books, the club could quite possibly exceed the expected $162MM tax threshold in 2023/24, according to Jackson, who opines that the best way for Miami to make upgrades will be through trades, not free agency.
Butler was awarded a 93 overall player rating, the ninth-best among all players in the new video game NBA 2K23, writes Ira Winderman of the South Florida Sun Sentinel. Winderman notes that Butler’s score ties him with fellow All-Stars Jayson Tatum and Ja Morant.