Goran Dragic

Mark Cuban Explains Snag In Trade With Heat

Mavericks owner Mark Cuban blames “miscommunication” for a failed trade that would have helped Jimmy Butler get to Miami, writes Barry Jackson of The Miami Herald.

Dallas attempted to get involved with the sign-and-trade on June 30 shortly after Butler reached an agreement with the Heat. The reported deal would have sent Goran Dragic to the Mavericks, although several media outlets later claimed Dallas believed it was getting Kelly Olynyk and Derrick Jones Jr. Miami would have needed to include another player to make that deal work financially and wasn’t interested in parting with Jones, according to Jackson.

“As far as we can tell, it was just miscommunication,” Cuban stated in an email. “… We get along great with the Heat and have done many deals with them. Wires just got crossed somehow.”

Cuban added that his team respects Dragic, but had plans for its cap space that would have been affected by taking on his $19.2MM salary. The Mavs believe they have addressed their point guard needs by acquiring Delon Wright on a three-year, $29MM deal in a sign-and-trade with the Grizzlies.

“I was sitting in the room full of people when the call was discussed and we put the trade we thought was happening on our board,” Cuban explained of the misunderstanding with Miami. “We later discussed trade kickers and added a player to make it work. They obviously thought they heard something else.”

The Heat eventually acquired Butler in a four-team deal involving the Sixers, Trail Blazers and Clippers.

After the original trade collapsed, the Heat told Dragic’s representatives they would try to trade him to complete the Butler deal. However, that need disappeared when Portland offered to take Hassan Whiteside‘s hefty salary, and Dragic’s camp was informed that he will remain with the team “barring something unforeseen.” Heat officials haven’t commented on their negotiations with Dallas.

Heat Notes: Paul, Beal, Expiring Contracts, Waiters

The Heat and Thunder never came close to making a deal involving Chris Paul, tweets Barry Jackson of The Miami Herald.

Miami was pursuing Russell Westbrook before Oklahoma City agreed to trade him to Houston last week. The focus shifted to a possible deal that would bring Paul to the Heat, but they don’t have the same level of enthusiasm about acquiring him that they did for Westbrook. (Twitter link). A report today indicates that Oklahoma City is pessimistic about its chances of moving Paul and may keep him on the roster for the entire season.

The Heat were only willing to take on the three years and $124MM left on Paul’s contract if OKC met certain demands, including the return of Miami’s draft picks for 2021 and 2023, Jackson adds. The Heat are reluctant to absorb that much salary because it would restrict their flexibility for the summer of 2021.

There’s more from South Florida:

  • Miami’s next chance to add a star could come if Bradley Beal turns down an extension offer from the Wizards, according to Jackson (Twitter link). He suggests the Heat will be among the teams contacting Washington about Beal if they don’t reach an agreement. Beal will become eligible for the extension, which would pay him $111MM over three seasons, on July 26. Jackson notes that the Wizards have turned aside all trade offers involving Beal so far, but he will become a free agent in 2021 without the extension.
  • Some of the Heat’s expiring contracts don’t look so bad after this summer’s spending and may prove to be valuable trade assets, writes Ira Winderman of The Sun Sentinel. Kelly Olynyk and James Johnson both have 2020/21 player options, but Winderman states that Olynyk might opt out of his $13.2MM salary in view of this year’s market. Johnson is more likely to opt in for $16MM because of his age. Goran Dragic and Meyers Leonard have expiring deals with no options and are expected to be trade chips.
  • Frustrated by jokes over his body last season, Dion Waiters showed off his leaner, stronger physique in an Instragram post Monday, as relayed in an ESPN story. Waiters admits to being in a “dark place mentally & physically” during the past season as he tried to shake off the effects of an ankle injury.

Southeast Notes: Magic, Parsons, Hornets, Rozier, Dragic

The Magic have scrapped any notion of rebuilding and are building off of last season’s playoff appearance, Josh Robbins of The Athletic contends. Orlando made $179MM in contractual commitments to re-sign Nikola Vucevic and Terrence Ross and add forward Al-Farouq Aminu. That approach could backfire because the franchise will have minimal salary-cap flexibility in upcoming summers and little chance to chase top-notch free agents, Robbins continues. It was also a vote of confidence that the young players on the roster will show significant growth, Robbins adds.

We have more from the Southeast Division:

  • Chandler Parsons recently underwent a procedure in Germany to relieve his knee pain, Chris Vivlamore of the Atlanta Journal-Constitution tweets. Parsons had another Regenokine treatment in which a person’s own tissue is collected, processed and then placed back into the body. The Hawks officially acquired the veteran forward from the Grizzlies on Sunday for Solomon Hill and Miles Plumlee.
  • The Hornets are willing to pay the luxury tax in future seasons if they become contenders, GM Mitch Kupchak told Rick Bonnell of the Charlotte Observer. Kupchak indicated he’s currently allowed by majority owner Michael Jordan to spend up to the luxury tax threshold. “If we ever get to the point that we feel we can advance in the playoffs, Michael has made it clear that we will go into the tax,” Kupchak said. However, that seems a long way off after losing franchise player Kemba Walker in free agency.
  • Terry Rozier, Walker’s de facto replacement after the sign-and-trade with Boston was completed, was underrated coming into the NBA, Kupchak said. Rozier was the 16th pick of the 2015 draft but should have gone higher in light of his production with the Celtics, Kupchak said in a quote relayed by the team’s PR staff (Twitter link). “We feel like if he was in the draft this year, Terry Rozier would have been a lottery pick,” Kupchak said.
  • Goran Dragic‘s $19.2MM expiring contract gives the Heat a valuable asset to dangle in a trade to continue their roster makeover, Ira Winderman of the South Florida Sun Sentinel writes. They could use it this offseason to acquire another star player such as Russell Westbrook, whom the Heat are reportedly interested in, or at the February trading deadline.

Heat, Westbrook Have Mutual Interest In Trade

The Heat have expressed interest in negotiating a trade for Russell Westbrook, who views the possibility of playing in Miami as appealing, ESPN’s Adrian Wojnarowski reports.

A report earlier on Monday indicated that the Thunder are receptive to trade inquiries for Westbrook in the aftermath of the blockbuster deal sending Paul George to the Clippers.

The Heat made a bold move in free agency by gaining a commitment from Jimmy Butler and engineering a sign-and-trade for the swingman. A Westbrook/Butler pairing could make Miami an instant contender in the wide open Eastern Conference, though contractually it would have long-term implications.

Westbrook, 30, has four years and $171MM remaining on his contract, including a $47MM player option in the final year. Moving Westbrook’s contract for future salary-cap relief might be the best Oklahoma City can do at this point.

Miami has already traded away its 2021 and 2023 first-rounders – which the Thunder own – and numerous second-rounders.

Westbrook will make $38.5MM next season but Miami has a handful of players making between $19.2MM and $12MM — Goran Dragic, James Johnson, Justise Winslow, Dion Waiters and Kelly Olynyk — for salary-matching purposes.

Miami also has to make sure it doesn’t add more salary to its current cap. The Heat are just $986K below the threshold of the $138.9MM luxury tax apron, according to ESPN’s Bobby Marks. Thus, Miami cannot take back more or equal salaries in a potential Westbrook trade because that would hamstring its ability to fill out the roster (Twitter link).

Westbrook and agent Thad Foucher met with Thunder general manager Sam Presti over the weekend and both sides came away eager to find a resolution, according to Wojnarowski. Westbrook doesn’t want to be part of rebuild and that’s where OKC finds itself after George’s trade request to join forces with Kawhi Leonard.

Heat Waive, Stretch Ryan Anderson’s Contract

2:05pm: The Heat have formally waived Anderson, the team confirmed in a press release.

12:26pm: The Heat will waive Ryan Anderson and use the stretch provision on the remaining year of  the forward’s contract in order to complete the Jimmy Butler sign-and-trade with the Sixers, Ira Winderman of the South Florida Sun Sentinel tweets.

Anderson had a $21,264,635 salary for next season but approximately $15,64MM was guaranteed. By stretching out the guaranteed portion of the contract, the Heat will take cap hits of approximately $5.2MM for the next three seasons. Miami needed to get below the hard cap of $138.9MM that applies to teams that acquire a player via sign-and-trade. Stretching out Anderson’s deal was its simplest means of achieving that goal, as the Heat will drop $1.88MM below that hard cap threshold, ESPN’s Bobby Marks notes.

Anderson was one of the hottest free agents on the market in 2016 and signed a four-year, $80MM with the Rockets. That contract became an albatross after Anderson lost playing time in Houston and he was traded to both the Suns and Heat last season, appearing in just 25 games.

The Heat will apparently hold onto Goran Dragic for the time being, Barry Jackson of the Miami Herald tweets. Dragic, who is due $19.2MM for next season, has been the subject of trade rumors.

Heat Notes: Hard-Cap Crunch, Dragic, Nunn

The Heat may have a logjam for their final roster spots in 2019/20, Barry Jackson of the Miami Herald writes. Given that the team is hard-capped due to the Jimmy Butler sign-and-trade, Miami’s best bet of avoiding the $138.9MM hard cap may well be to avoid adding a 15th player.

Removing that 15th slot makes Pat Riley‘s task of rounding out a roster all that much more difficult. According to Jackson, all of Yante Maten, Duncan Robinson, Kendrick Nunn and even Udonis Haslem could be competing for Heats’ 13th and 14th roster spots.

Riley’s no stranger to making difficult decisions but with Butler on board and a higher ceiling now within reach, the Heat may still be inclined to add external support, too. Jackson presents DeMarcus Cousins as a possibility.

Jackson notes that the Heat are still exploring trade options and it’s understandable why. Simply consolidating talent could solve both the team’s problems, freeing up a roster slot while potentially adding an impact rotation player.

There’s more from Miami today:

  • Among the consolation prizes for the Lakers if they do end up missing out on Kawhi Leonard could be Heat veteran Goran Dragic. Ira Winderman of the South Florida Sun Sentinel speculates that the 33-year-old could be a good, short-term fit for the squad as it builds out its roster.
  • There’s a chance that Pat Riley may have drafted differently had he known that Jimmy Butler would be on his roster by the end of the summer, but Ira Winderman of the South Florida Sun Sentinel reminds readers that lottery pick Tyler Herro will still have plenty of value as a shooter.
  • If the Heat want to convert Kendrick Nunn‘s standard contract into a two-way deal, they’ll need to do so before August 1, Ira Winderman of the South Florida Sun Sentinel reports. On that day, an additional $150,000 of his contract becomes guaranteed. The collective bargaining agreement forbids teams from converting players with more than $50,000 protection over to two-way deals. Waiving Nunn would expose him to waivers and he may get claimed.

Windhorst’s Latest: Beal, Teague, Dragic, Covington, More

After a star-studded group of free agents hit the open market this summer, 2020’s free agent class isn’t expected to nearly as impressive, so front offices expect trades to “take center stage” over the next year, writes ESPN’s Brian Windhorst.

According to Windhorst, Bradley Beal‘s name is the one that keeps coming up when executives around the NBA discuss potential trade candidates, since the Wizards are facing a possible rebuilding – or at least retooling – process. However, sources tell Windhorst that Washington’s front office continues to resist inquiries on its All-Star shooting guard.

Here’s more from Windhorst’s article about possible trade targets from around the league:

  • Jeff Teague (Timberwolves) and Goran Dragic (Heat), two veteran point guards on expiring $19MM contracts, were recently discussed in possible deals, Windhorst confirms. Since Minnesota missed out on D’Angelo Russell and Miami found another way to complete its Jimmy Butler sign-and-trade, Teague and Dragic may end up staying put. Neither the Wolves nor the Heat are especially deep at the point guard spot, so if either club deals its veteran guard, it would need to line up another option at the position, Windhorst notes.
  • The Timberwolves were dangling Robert Covington in an effort to move up in the draft, but eventually dealt Dario Saric instead. Still, league executives wouldn’t be surprised if Covington is back on the trade market at some point in 2019/20, says Windhorst.
  • Windhorst is skeptical that the Grizzlies will be able to get a real asset in return for Andre Iguodala, suggesting that Memphis’ efforts to trade him may still eventually lead to a buyout.
  • The Cavaliers will likely try to move Tristan Thompson or John Henson by the trade deadline, according to Windhorst. Both big men are on expiring deals, with Thompson owed $18.5MM while Henson will make $10.5MM.

Heat’s Jimmy Butler Sign-And-Trade Deal To Include Clippers, Blazers

7:58pm: The 2023 first-round pick being sent from the Heat to Clippers will be lottery-protected through 2025, then unprotected in 2026, tweets Anthony Chiang of The Miami Herald.

5:00pm: The Clippers will receive a protected 2023 first-round pick from the Heat in the deal, according to ESPN’s full report.

4:17pm: The sign-and-trade deal that will send Jimmy Butler to the Heat and Josh Richardson to the Sixers has been agreed upon, according to ESPN’s Adrian Wojnarowski and Zach Lowe (Twitter link).

As Wojnarowski explains (via Twitter), the trade between the Trail Blazers and Heat that will send Hassan Whiteside to Portland is becoming part of the transaction, with Maurice Harkless being re-routed to the Clippers to make it a four-team deal.

The Clippers will also receive a future first-round pick from Miami, according to Wojnarowski. Since the Heat have already traded their 2021 first-round selection to the Clippers and can’t give away consecutive future first-rounders, the next one that is trade-eligible would be the 2023 selection, tweets ESPN’s Bobby Marks.

As part of the four-team swap, the Sixers will send the draft rights to 2017 second-rounder Mathias Lessort to the Clippers, reports Keith Pompey of The Philadelphia Inquirer (Twitter link).

As of now then, this is what the deal would look like:

After acquiring Harkless, the Clippers will still have a maximum-salary slot available in the event that Kawhi Leonard decides to join them, tweets Marks. It would be a tight fit though, notes ESPN’s Zach Lowe, who tweets that the club might have to renounce a couple of small cap holds. Obviously, if Leonard decides to go elsewhere, that wouldn’t be necessary.

As for the Heat, they had let Goran Dragic‘s camp know that they’d likely to need to move the point guard in order to complete the Butler acquisition, but that shouldn’t be necessary after all, tweets Barry Jackson of The Miami Herald.

Still, as Marks points out (via Twitter), Miami will have to make an additional move to make sure it gets below the hard cap $138.9MM that applies to teams that acquire a player via sign-and-trade. Waiving and stretching Ryan Anderson‘s contract looks like the most logical path for the Heat.

We have more details in other stories on the Butler/Richardson aspect of this deal, as well as the Blazers’ Whiteside acquisition.

Photo courtesy of USA Today Sports Images.

Sixers, Heat Search For New Team To Join Jimmy Butler Sign-And-Trade

The Heat are still working on options to complete the Jimmy Butler sign-and-trade with the Sixers, according to Ramona Shelburne of ESPN.com (Twitter link). The two sides will search for a third team to take on additional salary from Miami, as Marc Stein of the New York Times tweets.

[RELATED: Heat Finalizing Sign-And-Trade For Jimmy Butler]

The Mavericks appeared to be the team willing to take on salary in order to help both teams complete the trade. It was reported that Goran Dragic would be sent to Dallas as part of a three-team deal, but the Mavs then felt that Dragic’s salary would eat into their cap space and hinder their other plans.

Kelly Olynyk and Derrick Jones were believed to be taking Dragic’s place in the trade, but then it was revealed that the Heat did not want to part with Jones in the deal. The Olynyk/Jones combo wouldn’t have been quite enough from a salary-matching perspective anyway.

The Heat will look for a trade partner for Dragic out of respect for the veteran. The team and his representatives are working to find a deal by July 6. per Shelburne. However, Barry Jackson of the Miami Herald (Twitter link) hears from Dragic’s camp that there is no joint effort yet to find him a suitor.

Dragic will make approximately $19.2MM next season. After a day of contract agreements, The Mavericks, Clippers, and Lakers are the only teams with the clear ability to absorb Dragic’s deal without sending salary back, though other teams could potentially create the necessary space.

It’s possible the Mavericks will change its stance again on Dragic once they have a clearer picture of who they can sign with their cap space, though that’s simply my speculation.

Assuming the two sides find a third team to make the sign-and-trade work, Josh Richardson will go to Philadelphia and Butler will begin the Miami chapter of his career on a four-year max deal.

Potential Mavs, Heat Trade Hits Snag

11:59pm: Tim Cato of The Athletic confirms (via Twitter) that the deal is off from the Mavs’ perspective. It’s up to the Heat to salvage the deal, possibly with another team, Cato adds.

As detailed below, Miami’s acquisition of Butler is dependent on the team being able to send salary to a third team, so it’s hard to imagine the Heat not figuring it out with some team, but they’re losing leverage and don’t have a ton of assets left to sweeten the deal.

10:21pm: There’s a “glitch” in the agreement between the Mavericks and Heat, according to Jared Weiss of The Athletic, who tweets that Miami is reluctant to part with Jones and Dallas is telling people that the deal is off.

The Mavericks maintain that they thought they were getting Olynyk and Jones in the deal, but the Heat don’t want to give up Jones and say they must part with Dragic to make the math work, tweets Stein. As noted below, the Heat would have to send out at least one more player to an Olynyk/Jones package to make the trade work financially.

There’s an expectation that the deal is far enough down the road that things will get ironed out, says Weiss. The Heat’s acquisition of Butler hinges on sending out other salaries, so Miami will be very motivated to get it done. However, as Nahmad points out (via Twitter), it will be tricky for the Heat to stay under the tax apron without moving bigger salaries.

10:01pm: The Mavericks and Heat have changed the framework on their part of the sign-and-trade deal that will send Butler to Miami, according to Marc Stein of The New York Times (Twitter links). Rather than acquiring Dragic, Dallas will land Kelly Olynyk and Derrick Jones, Stein reports.

According to Stein, the Mavs are “huge fans” of Dragic, but didn’t want to surrender flexibility to make additional moves by acquiring his contract.

“In analyzing it, his salary was too high based on other things they’re trying to do,” Dragic’s agent Bill Duffy tells Ramona Shelburne of ESPN.com (Twitter link).

Due to the change, the Heat aren’t quite sending out enough salary to make the deal work, so another outgoing piece will be required, tweets cap expert Albert Nahmad.

8:42pm: Goran Dragic will become part of the Jimmy Butler sign-and-trade deal with the Heat sending the point guard to the Mavericks, Ira Winderman of the Sun Sentinel tweets. No major compensation will head from Dallas to Miami, as Brad Townsend of the Dallas Morning News tweets. The Mavs will technically have to send something out and it will likely be cash or a heavily-protected first-round pick.

Miami is sending Josh Richardson to the Sixers in exchange for Butler, who will ink a four-year max deal with a starting salary of approximately $32.7MM. The Heat needed to send out additional salary as part of the agreement to make up for the gap between Richardson’s salary ($10.1MM) and Butler’s new starting salary.

The move to send Dragic to the Mavs had been speculated throughout the day with salary cap guru Albert Nahmad (Twitter link) among those reading the tea leaves. Dragic will join Rookie-of-the-Year award winner Luka Doncic in Dallas’ backcourt.