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Mychal Mulder Joins Heat On Exhibit 10 Deal

October 9th, 2022 at 1:13pm CST by Arthur Hill

1:13pm: Mulder has officially signed with the Heat, according to the team. As we relayed in another story, two-way player Darius Days has been waived to create an opening on the 20-man preseason roster for Mulder.

9:26am: The Heat will sign Mychal Mulder to an Exhibit 10 contract, tweets Anthony Chiang of The Miami Herald.

The 28-year-old guard finished last season in Miami after signing a two-way deal in late March. He appeared in just two games, but was also part of the Heat’s Summer League team. Mulder started last season on a two-way contract with the Magic and averaged 3.7 points and 1.4 rebounds in 15 games before being released in January.

Miami currently has a full 20-man roster, so someone will have to be waived before Mulder can officially be signed. Orlando Robinson, Jamaree Bouyea, Jamal Cain and Dru Smith are all in camp on Exhibit 10 deals.

Mulder is expected to wind up with Miami’s G League affiliate in Sioux Falls once the preseason ends, Chiang adds (via Twitter).

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Heat Notes: Herro, Cain, Jovic, Oladipo, Haslem

October 8th, 2022 at 12:53pm CST by Dana Gauruder

The Heat initially offered Tyler Herro a four-year rookie scale extension with $112MM in guaranteed money and incentives that would have pushed its value to $128MM, Joe Vardon of The Athletic reports.

Miami eventually upped the ante, with Herro signing a four-year deal with $120MM in guaranteed money and another $10MM in incentives.

“I wanted to be here and they wanted me here, so I mean, it was something we both wanted to get done,” Herro said. “We’re paying a lot of guys now. … so it was just getting the right number. I think it’s a good deal for both sides.”

We have more on the Heat:

  • Herro didn’t play in the back-to-back preseason games on Thursday and Friday due to a knee contusion, Anthony Chiang of the Miami Herald notes.
  • In the same notebook, Chiang writes that Oakland University rookie Jamal Cain may be forcing the team’s hand with some impressive preseason performances. Cain, who is on an Exhibit 10 deal, had 15 points on 6-of-10 shooting from the field, 11 rebounds and five steals in 27 minutes against Brooklyn on Thursday and 19 points, six rebounds and three assists against the Grizzlies on Friday. Cain may not pass through waivers without being claimed, so Miami will have to consider converting him to a standard deal or a two-way, though both of the team’s two-way slots are currently filled.
  • Along with trying to make his mark on the team, Nikola Jovic is in the midst of finishing high school, Tim Bontemps of ESPN writes. Jovic still has to take one more comprehensive exam to get his high school degree from his Serbian school. He skipped the exam during the spring while undergoing draft workouts.
  • Victor Oladipo hasn’t played in the preseason as the Heat are taking a cautious approach with the oft-injured guard, according to Chiang. Oladipo re-signed with the club on a two-year, $18.2MM contract this summer. “We’re just getting him ready and that’s really it,” coach Erik Spoelstra said. “He had a very good camp, he’s doing some really good work right now and we want to keep in this good place.”
  • Playing 20 seasons with one franchise, putting him in rare company, was one of the reasons why Udonis Haslem decided to keep his career going this season, ESPN’s Israel Gutierrez writes in a lengthy interview with the 42-year-old big man. “I want kids somewhere to say, ‘I want to have a career like Udonis Haslem — undrafted, worked for everything I got, won three championships, retired and went into ownership with the same organization I played with for 20 years,” Haslem said.
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Heat Notes: Herro, Cap Outlook, Adebayo, Yurtseven

October 5th, 2022 at 4:00pm CST by Luke Adams

When the Heat signed Tyler Herro to a long-term deal on Sunday, this year’s rookie scale extension deadline was still over two weeks away. But Herro told reporters, including Anthony Chiang of The Miami Herald, that he was happy with the Heat’s offer and didn’t feel the need to take negotiations down to the wire to try to squeeze out a few more million.

“It was a number I couldn’t pass up,” Herro said. “It wasn’t worth going into restricted free agency. And at the end of the day, this is where I want to be. … So it made sense.”

Herro’s new contract has a base value of $120MM and can technically be worth up to $130MM, but his incentives won’t be easy to achieve. As Anil Gogna of NoTradeClause.com details (via Twitter), Herro’s various bonuses are tied to being named to an All-NBA team, winning the MVP, and/or being named Defensive Player of the Year.

Here’s more on the Heat:

  • With Herro locked up for the next five seasons, the Heat will face a cap crunch going forward, according to Chiang and Barry Jackson of The Miami Herald. As The Herald’s duo observes, any major roster addition Miami makes in the next few years will likely have to come via trade, since the team won’t have any cap room available anytime soon, barring some major roster reshuffling. Re-signing Max Strus, Gabe Vincent, and/or Omer Yurtseven beyond 2022/23 will only push team salary further over the cap (and the tax line), Chiang and Jackson note.
  • After playing Bam Adebayo and Yurtseven together for just 18 total minutes last season, head coach Erik Spoelstra had the duo on the floor for 20 minutes in the Heat’s preseason opener on Tuesday, showing that he’s committed to determining whether the frontcourt pairing can work, writes Ira Winderman of The South Florida Sun Sentinel. “They’re not going to play this many minutes together (during the season), if they play together. We’ll figure that part out,” Spoelstra said. “But that takes more time than some of the space or speed lineups. That’s why we’re dedicating time to that now in the preseason and in training camp.”
  • Spoelstra intends to continue using the preseason as a time to experiment with different lineup combinations, telling reporters that he’s “open to whatever” as he gets a sense of what works and what doesn’t, per Winderman. “We view all of this as training camp until we get to that Chicago game,” Spoelstra said, referring to Miami’s first game of the regular season on October 19.
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Contract Details: Fernando, Herro, Nance, Adams

October 4th, 2022 at 7:46am CST by Luke Adams

The Rockets used a portion of their mid-level exception to give Bruno Fernando a four-year deal and a guaranteed salary of $2,717,391 for the 2022/23 season, Hoops Rumors has confirmed. Fernando’s salary will dip to $2,581,522 for 2023/24 before rising back up to $2,717,391 for ’24/25 and increasing to $2,853,260 for ’25/26. As Michael Scotto of HoopsHype tweets, the second and third years of Fernando’s deal are non-guaranteed, while the fourth year is a team option.

Here are some details on a few more new contracts from around the NBA:

  • Tyler Herro‘s four-year extension with the Heat will pay him annual salaries of $27MM, $29MM, $31MM, and $33MM beginning in 2023/24, for a base value of exactly $120MM, tweets ESPN’s Bobby Marks. The deal also includes $2.5MM in annual incentives that are currently considered unlikely.
  • Larry Nance Jr.‘s two-year extension with the Pelicans will pay him $10,375,000 in 2023/24 and $11,205,000 in ’24/25, tweets Anil Gogna of NoTradeClause.com. Because Nance’s second-year raise exceeds 5%, he’ll be ineligible to be traded during the 2022/23 season.
  • Steven Adams‘ two-year extension with the Grizzlies features a flat base salary of $12.6MM in both 2023/24 and ’24/25, with no options or incentives, Hoops Rumors has confirmed. Adams’ new deal doesn’t exceed the extend-and-trade limits, so he’ll remain trade-eligible this season.
  • As expected, the recent contracts signed by Kaiser Gates (Nets), Brandon Rachal (Nets), and Sacha Killeya-Jones (Thunder) all included Exhibit 10 language.
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Heat Notes: Herro, Robinson, Oladipo, Jovic

October 3rd, 2022 at 9:10am CST by Arthur Hill

After waiting all summer for an extension, Heat shooting guard Tyler Herro has agreed to a deal that could top many of his peers, writes Barry Jackson of The Miami Herald. Herro’s new contract, which takes effect next season, could pay him up to $130MM over four years, with $120MM guaranteed and the rest available through incentives.

Herro has the opportunity to earn more than the Knicks’ RJ Barrett, who recently agreed to a four-year, $120MM rookie scale extension, Jackson notes. Herro’s deal also exceeds the Celtics’ Jaylen Brown, who got a four-year, $107MM extension in 2019, and the Suns’ Mikal Bridges, who signed for four years at $90MM in 2021.

Herro’s base starting salary will be $26.8MM, which is a 20% discount from the projected max, tweets salary cap expert Albert Nahmad.

There’s more from Miami:

  • The Heat may find it more difficult to find a taker for Duncan Robinson now that Herro’s extension is in place, according to Ira Winderman of The Sun-Sentinel. With Herro making just $5.7MM this year on the final season of his rookie contract, he was seen as a possible incentive in a deal for Robinson, but the poison pill provision will make Herro extremely difficult to move in 2022/23. Winderman states that the Heat will be limited financially unless they can find a taker for Robinson, especially with Max Strus headed toward free agency next summer.
  • After four years of battling injuries, Victor Oladipo is just focused on staying healthy this season, Winderman adds in a separate story. “I really don’t have any goals or expectations for myself,” he said. “For this team, it’s to win a championship, obviously. But for me, it’s to contribute. Right now, I’m just focused on doing that. I think that sometimes, if we get too far ahead, or look too far back, that sometimes we can be disappointed, and sometimes you can lose sight of what is in front of you. For me, I’m just trying to stay in the moment.”
  • Nikola Jovic struggled through Summer League, but veteran big man Udonis Haslem sees a lot of potential in the first-round pick, per Payton Titus of The Miami Herald. “[Jović] can score anywhere on the basketball court, can shoot with either hand, hard worker,” Haslem said. “Just experience, you know, experience is going to be the biggest thing that he’s going to need is this time over here working with us. The practice every day, competing, the physicality of it, getting in the weight room. And all those things are part of player development that we do very well here.”
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Heat Sign Tyler Herro To Four-Year Extension

October 2nd, 2022 at 5:31pm CST by JD Shaw

6:28pm: Miami has officially announced Herro’s four-year extension.

“Tyler is an impact multi-faceted player and we are excited to have him signed for the next five years,” Heat president Pat Riley said in a statement. “His improvement every year since we drafted him has led to this day. We believe he will continue to get better.”

5:31pm: The Heat have agreed to a four-year, $130MM contract extension with star guard Tyler Herro, his agents tell ESPN’s Adrian Wojnarowski (Twitter link). Anthony Chiang of the Miami Herald relays (via Twitter) that $120MM is guaranteed, while the other $10MM can be earned via incentives. Herro’s extension will begin in 2023/24.

With the deal, Miami now has both of its young stars, Herro and Bam Adebayo, under contract long-term. The team has a healthy blend of young players and veterans and is expected to once again compete for a title this season.

Herro averaged 20.7 points, 5.0 rebounds and 4.0 assists per game last year, winning the NBA’s Sixth Man of the Year award. He’ll likely make a strong case in training camp for starting this season.

Herro is entering his fourth season with Miami. Last season was his best campaign since being drafted No. 13 overall by the team in 2019. At just 22 years old, he has ample time to continue improving and establish himself as a cornerstone piece for the Heat.

Miami had until opening night to reach an extension with Herro, otherwise, he would’ve reached restricted free agency next summer. He previously said he wouldn’t sign for anything he believes is less than his market value.

“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.”

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Heat Notes: Spoelstra, Butler, Power Forward, Martin, Haslem

October 1st, 2022 at 2:46pm CST by JD Shaw

Heat coach Erik Spoelstra discussed many training camp-related topics this week, including who may start at power forward this season, Anthony Chiang of the Miami Herald writes. As of now, it seems unlikely Jimmy Butler will slide up to the four.

“My thing with that is I would love to be able to, at some point in Jimmy’s career, just start him at all five positions,” Spoelstra joked. “I’ve already started him at point guard. I’ve started him at his natural position, the three. I’ve started him at the two. I’ve definitely played him at the four, and he’ll play some four this year, not likely starting him there.

“But, man, that’d be cool to start him at the four at some point, whether it’s this year or the future. And then, for sure, start him at the five. That would be a great legacy. But Jimmy is a brilliant competitor and basketball player. He’ll make it work no matter what position we have him at. But playing him at his strengths is important to him and to me and to the team.”

As Chiang notes, Butler has already made it clear that he doesn’t want to replace P.J. Tucker at the four. Other contenders for the team’s power forward spot include Caleb Martin, Haywood Highsmith and Bam Adebayo — though Adebayo would only make sense if Omer Yurtseven or Dewayne Dedmon start at center.

Here are some other notes from Miami today:

  • Spoelstra appreciates the “ambition” of so many players who want to start this season, Chiang writes in a separate article for the Miami Herald. Other potential starters include Tyler Herro, Victor Oladipo, Duncan Robinson and Max Strus — all of whom believe they’re worthy of that role. Herro easily has the best case, averaging 20.7 points on his way to winning the NBA’s Sixth Man of the Year award last season.
  • Martin, who also spoke about the team’s open starting forward slot, suggested that anyone who questions his ability to fill the role is showing some disrespect. “To me, it’s kind of a sign of disrespect a little bit that people are so worried about it,” he said, as relayed by Anthony Chiang. Of course, Martin is only 6’5″ and 205 pounds, so it’s understandable for fans to question whether he can play heavy minutes at power forward.
  • Barry Jackson of the Miami Herald examines a number of Heat topics, including why Udonis Haslem doesn’t want to get into coaching. Haslem is entering his 20th NBA season. He has served as a valuable locker room presence in recent years, but has only played a combined 18 games over the past three seasons.
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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:

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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.”

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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.”
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