Kyle Lowry Rumors | Hoops Rumors

Heat Decide Against Using Stretch Provision On Kyle Lowry

June 28th, 2023 at 4:25pm CST by Luke Adams

JUNE 28: The Heat have decided against using the stretch provision on Lowry, according to Jackson.

The team will look to use Lowry’s expiring contract in a trade this offseason for Lillard or another player, but if no deal emerges, Miami is comfortable beginning the season with the veteran guard on its roster and revisiting trade scenarios during the season, says Jackson.

JUNE 27: The Heat have been considering the possibility of waiving and stretching the final year of Kyle Lowry‘s contract if they’re unable to find a suitable trade involving the veteran point guard, two sources tell Barry Jackson of The Miami Herald.

Lowry will earn approximately $29.7MM in the last season of his three-year contract with the Heat. That expiring salary could be useful for matching purposes if Miami makes a trade for a player like Damian Lillard.

However, if the team doesn’t make any major deals and wants to re-sign Gabe Vincent and/or Max Strus, its salary projects to be far beyond the luxury tax line, meaning that waiving and stretching Lowry would generate substantial savings.

Using the stretch provision on Lowry would spread his cap hit across three seasons, with charges of approximately $9.9MM per year. As Jackson outlines, going that route would reduce Miami’s salary commitments for 2023/24 from about $178.5MM to $158.5MM, moving the team at least temporarily out of tax territory and well below both tax aprons.

In that scenario, the Heat would probably surpass the tax line ($165MM) again by re-signing Vincent, but would be on the hook for a much smaller bill and could stay below the restrictive second tax apron ($179.5MM).

Besides potentially being a useful salary-matching trade chip, Lowry also still has some value on the court, having averaged 11.2 PPG, 5.1 APG, and 4.1 RPG in 55 regular season games (31.2 MPG) last season. So Miami is unlikely to waive him early in the offseason simply to save some money, especially when stretching his salary would add nearly $10MM in new money to the club’s books in both 2024/25 and ’25/26.

Still, Jackson’s report suggests the stretch provision is an option the Heat aren’t ruling out, and it’s worth noting there’s no rush to make a decision immediately — Lowry’s contract could be stretched anytime before September 1.

Victor Oladipo, who will likely exercise his $9.45MM player option this week, is another potential waive-and-stretch candidate for the Heat, Jackson notes.

Heat Rumors: Vincent, Strus, Lowry, Wood, Herro

June 28th, 2023 at 1:23pm CST by Luke Adams

The Heat have two rotation guards facing unrestricted free agency this week, and Gabe Vincent is considered a better bet to remain in Miami than Max Strus, writes Jake Fischer of Yahoo Sports.

There’s mutual interest in a new deal between the Heat and Vincent, whom the team values at a figure of about $10MM per year, sources tell Yahoo Sports.

As Fischer outlines, teams like the Suns, Pistons, Sixers, and Mavericks initially appeared to be among Vincent’s potential suitors. However, the Suns were probably only in play if they’d been forced to waive-and-stretch Chris Paul, while the Pistons may no longer be in the market for a free agent guard after making a trade for Marcus Sasser on draft night. Philadelphia and Dallas, meanwhile, would have interest in a guard like Vincent if they’re unable to re-sign James Harden and Kyrie Irving, respectively, but for now those stars appear likely to stick with their current teams.

Strus should be more popular on the open market, with cap-room teams like the Pistons, Pacers, and Magic among the possible suitors cited by league personnel, Fischer writes. Some clubs with the full mid-level exception will also have interest in Strus, according to Fischer — he mentions the Cavaliers as one, though he notes that Cleveland is also eyeing free agents like Kelly Oubre and Georges Niang.

ESPN’s Zach Lowe said on his latest Lowe Post podcast that there’s a “ridiculous” amount of Strus buzz happening around the NBA right now. Lowe is confident that Strus will at least get a deal worth the full mid-level exception ($12.4MM) and says a team with cap room might top that figure, which is a point Fischer makes as well. People around the league aren’t expecting Strus to re-sign with the Heat, Fischer adds.

Here’s more on the Heat:

If Miami re-signs Vincent and doesn’t find a trade that requires Kyle Lowry‘s $29.7MM expiring contract, league personnel are preparing for the possibility that the Heat will waive Lowry, says Fischer. A report on Tuesday indicated that the team was considering the possibility of using the stretch provision on the veteran point guard. There’s already speculation about his possible free agent destinations, Fischer says, noting that a return to the Raptors would be a possible path for Lowry in that scenario.
Christian Wood has been continually identified by league personnel as a player who is on the Heat’s radar in free agency, Fischer reports. Wood isn’t expected to re-sign with Dallas.
If the Heat get the opportunity to make a play for Damian Lillard, there’s an expectation that Tyler Herro will be part of the package they offer the Trail Blazers. However, sources tell Chris Mannix of SI.com that Portland is “lukewarm” on Herro. It’s a moot point for now, since the Blazers remain focused on keeping Lillard. But if Dame does request a trade, it could become an important factor in trade talks.

Heat Willing To Wait For Damian Lillard

June 27th, 2023 at 9:29pm CST by Dana Gauruder

The Heat aren’t giving up their pursuit of Damian Lillard. They’re taking a wait-and-see approach with the hope that Lillard will eventually request a trade, Barry Jackson of the Miami Herald reports.

Miami views Lillard as a player worth waiting for, as Jackson describes it, with no other viable paths to significantly upgrade the roster in the short term.

Lillard and his agent met with Trail Blazers general manager Joe Cronin on Monday. Cronin issued a short statement after the meeting, saying the two sides had a “great dialogue” and that the Blazers “remain committed to building a winner around Dame.”

Portland’s front office will try to make moves to markedly improve its roster and appease Lillard. If the Blazers are unable to do so, it’s still quite possible that Lillard finally asks to be moved.

It would be helpful for the Heat if that request came before August 31, the deadline to use the waive-and-stretch provision on Kyle Lowry‘s contract. Lowry’s $29.7MM expiring contract could be integral in a trade with Portland.

Beyond Lillard, an All-Star talent level may be out of reach for the tax-paying Heat. However, they are intent on keeping at least one of their key free agents. Gabe Vincent is expected to meet with Heat president Pat Riley in Southern California before free agency begins on Friday, according to Jackson. Miami holds his Bird rights.

Vincent appears to be a bigger priority for the Heat than fellow free agent Max Strus, who’s also expected to have multiple suitors in the open market.

A league source tells Jackson that Danilo Gallinari, who was included in the Kristaps Porzingis trade, could be a low-cost free agent target if, as expected, he receives a buyout from the Wizards.

Heat Notes: Lillard, Herro, Beal, Draft, Riley

June 19th, 2023 at 4:02pm CST by Luke Adams

With Bradley Beal off the trade market, the Heat are shifting their focus to Damian Lillard and believe they have a real chance to acquire the Trail Blazers star, Barry Jackson of The Miami Herald writes, confirming previous reporting from Chris Haynes.

In his latest story for The Herald, Jackson looks at potential packages the Heat could offer for Lillard if he becomes available, noting that the deal would likely start with two players out of the trio of Tyler Herro, Kyle Lowry, and Duncan Robinson. Miami’s proposal could include up to three first-round picks, including this year’s No. 18 selection.

As Jackson observes, if the Heat want to preserve their draft assets, they could put forth a more player-centric offer headed by Herro, Caleb Martin, Nikola Jovic, and Victor Oladipo‘s expiring contract, with perhaps just one or two picks included.

If Miami makes a deal for Lillard, Anthony Chiang of The Miami Herald writes in a separate story, it likely won’t occur until July, when the new CBA will be in effect and the Heat will only be able to take back up to 110% of their outgoing salary in a trade instead of 125%. While Lillard could be traded in June before the new CBA begins, including Herro in an offer would probably require Miami to wait until next month, since his rookie scale extension will begin in July, increasing his outgoing trade value from $5.7MM to $27MM.

Here’s more on the Heat:

Having previously reported that Beal would have been willing to waive his no-trade clause to join the Heat, Jackson provides more information, tweeting that two sources close to Beal said the guard would approved a move to either Miami or Phoenix. As Jackson explains (via Twitter), the Wizards simply preferred the Suns‘ offer to the Heat’s, in large part because Miami’s offer – believed to be built around Lowry and Robinson – featured nearly twice as much guaranteed money.
Heat assistant general manager Adam Simon spoke to Ira Winderman of The South Florida Sun Sentinel about the extensive work the team has done to prepare to make the No. 18 pick in this Thursday’s draft, despite the fact that the selection could end up being used in a trade.
Heat president Pat Riley will hold an end-of-season press conference and speak to reporters on Tuesday, tweets Jackson. Of course, he won’t be able to talk about any players under contracts with other teams, such as Beal or Lillard.

Latest On Bradley Beal

June 17th, 2023 at 11:02pm CST by Arthur Hill

Heat officials engaged in multiple conversations with representatives for Wizards guard Bradley Beal as they tried to work out a trade, sources tell Anthony Chiang and Barry Jackson of The Miami Herald. Beal hasn’t asked to be dealt, but he’s willing to be moved to “more than a handful of teams,” according to the authors. The fact that Miami is in position to compete for a title is important to Beal, Chiang and Jackson add.

The Heat and Suns are considered the leading contenders to land Beal as talks intensified on Saturday. The Wizards are reportedly motivated to get a deal done quickly so another star player such as Damian Lillard doesn’t become available and reduce their leverage. Washington is also believed to be seeking a trade that doesn’t involve taking on long-term salary.

Miami’s offer reportedly includes Kyle Lowry‘s $29.7MM expiring contract, along with either Duncan Robinson or Victor Oladipo to help match salary. The Heat would prefer to move Robinson because he has a larger contract, which would help reduce the team’s projected tax bill for 2024/25 and 2025/26, according to Chiang and Jackson. Miami will also include at least one first-round pick in the deal, the authors add.

Currently, the Heat can offer the No. 18 choice in this year’s draft, along with a first-rounder in either 2028 or 2029. Chiang and Jackson point out that if the deal isn’t completed until after July 1, Miami would be able to include its first-round selection in 2030.

There’s more on the Beal trade talks:

There are some important dates to consider in any potential Heat trade involving Beal or Lillard, tweets Ira Winderman of The Sun-Sentinel. Oladipo has to pick up his player option for 2023/24 before he can be included. That’s likely a formality considering the serious knee injury he suffered in the playoffs, but he has until June 29 to make it official. If Tyler Herro is involved, there’s a poison pill restriction in his contract that doesn’t expire until July 1. Until then, his salary will be considered $5.7MM for outgoing matching purposes, rather than the $27MM he will make when his extension begins next season. Also, Lillard is ineligible to be traded until July 9.
Beal’s ability to play off the ball would make him an easy fit alongside Kevin Durant and Devin Booker in Phoenix, observes Gerald Bourguet of PHNX Sports. However, the three players’ combined salaries would start at $131MM next season and would reach $163MM by 2025/26. That would leave the Suns, who are already lacking in depth, with few options to build a roster without being subject to the harshest provisions of the new Collective Bargaining Agreement.
At least one rival team is skeptical that the Heat are serious about acquiring Beal, tweets John Gambadoro of Arizona Sports 98.7 FM. Gambadoro also hears that the Bucks have interest in Beal, but much of their draft capital over the next four years already belongs to the Pelicans (Twitter link).

Southeast Notes: Kuzma, Beal, Oladipo, Snyder, Hornets

June 17th, 2023 at 5:01pm CST by Luke Adams

As the Bradley Beal trade rumors percolate, Ian Begley of SNY.tv says some people within the Wizards organization “voiced concerns” last season about the fit between Beal and forward Kyle Kuzma. While Begley acknowledges that the team has revamped its front office and may view things differently now, it appears increasingly unlikely that Beal and Kuzma will play together next season, with one on the trade block and one headed for free agency.

Meanwhile, David Aldridge and Josh Robbins of The Athletic weighed in on the latest Beal trade rumors, taking a closer look at the Wizards’ talks with the Suns and Heat. According to The Athletic’s duo, Washington would have interest in acquiring Tyler Herro in a deal with Miami, but the Heat are instead offering Duncan Robinson (along with Kyle Lowry and multiple first-round picks).

Despite rumors indicating that Chris Paul – and not Deandre Ayton – would need to be included in the Suns’ offer for Beal in order to satisfy all parties, Aldridge and Robbins suggest that Ayton could still be the centerpiece of Phoenix’s offer.

Here’s more from around the Southeast:

Heat guard Victor Oladipo is accusing his business manager of taking money from his bank accounts to buy a condo in Florida and a strip club in New York City, per Justin Rohrlich of The Daily Beast. Oladipo has filed suit in New York against James B. Henderson for stealing at least $1.3MM. Oladipo filed a separate lawsuit last year in Florida’s Orange County Circuit Court.
While some observers believed that Quin Snyder wouldn’t have joined the Hawks unless he was given ultimate control of the roster, he adamantly denies that’s the case, according to Jeff Schultz of The Athletic. “The only role (general manager) Landry (Fields) and (assistant GM) Kyle (Korver) and I talked about when I agreed to come to Atlanta is me coaching the team,” Snyder said. “That’s what I like and it’s also what I’m passionate about. Any speculation about me having a more significant role than providing input on personnel decisions is just not accurate. I have total confidence in Landry and his group to make those decisions. As I see it, my job is to maximize the potential of the personnel, whatever the personnel is. That’s where my focus lies. That speculation is erroneous.”
A number of draft experts expect the Hornets to select Brandon Miller at No. 2 in next Thursday’s draft, but Roderick Boone of The Charlotte Observer makes a case for Scoot Henderson to be the pick. The guard’s stock has been on the rise as of late, Boone writes, with rumors circulating that teams want to trade up for Henderson, not Miller.

Arthur Hill contributed to this post.

Stein’s Latest: Beal, Heat, Suns, Zion, Harden, Rosas, Bucks

June 17th, 2023 at 3:00pm CST by Luke Adams

The Wizards may be motivated to move Bradley Beal sooner rather than later, Marc Stein writes at Substack, observing that the team’s leverage in trade negotiations could take a hit if Damian Lillard asks the Trail Blazers for a trade while Beal is still in D.C.

As Stein writes, the Heat are currently one of Beal’s prime suitors, but if Lillard were available, Miami would be at the top of his wish list too. The Heat are believed to prefer Lillard to Beal, but may not have the luxury of waiting to see if the Blazers guard will request a trade, says Stein. Miami theoretically has the assets to make a play for both stars, but the Wizards probably don’t want to risk having the Heat pivot to Lillard and away from Beal.

As we noted within our initial story on Beal this afternoon, the Wizards seem to be prioritizing cap relief rather than players on long-term contracts, which means Kyle Lowry and Chris Paul would be at the center of offers put forth by the Heat and Suns, respectively. Stein and Chris Haynes of Bleacher Report (Twitter link) confirm that Paul is expected to be part of any Phoenix offer, with Haynes adding that Landry Shamet would likely be included too.

Stein and Barry Jackson and Anthony Chiang of The Miami Herald suggest that Paul’s partially guaranteed contract could appeal to the Wizards, since they could waive him by June 28 and only owe him his $15.8MM partial guarantee instead of his full $30.8MM salary for 2023/24. However, Paul’s outgoing salary for matching purposes in a trade would be equivalent to his guarantee for ’23/24, not his full cap hit, so the Suns may need to increase that guarantee in order to adhere to the NBA’s trade rules.

Here’s more from Stein:

While it remains to be seen whether the Pelicans will seriously consider moving Zion Williamson this offseason, Stein hears that they “quietly” held some exploratory talks a year ago before signing him to a five-year, maximum-salary contract extension. Stein also reiterates a point he made previously, writing that the “rising level of exasperation” within the organization about Williamson’s availability and approach will have to be addressed if Zion remains in New Orleans.
Star guard James Harden is believed to be giving “renewed consideration” to the idea of remaining with the Sixers rather than leaving for the Rockets in free agency, Stein reports.
More than one rival team expects the Knicks to make Gersson Rosas their new general manager under president of basketball operations Leon Rose following Scott Perry‘s exit from the franchise, Stein writes. Rosas is currently a senior basketball advisor for the Knicks.
Before hiring Adrian Griffin as their new head coach, the Bucks expressed “strong” interest in University of Houston coach Kelvin Sampson, along with Monty Williams, according to Stein, who notes that star forward Giannis Antetokounmpo wanted a former NBA player to get the job.

Heat, Suns In Serious Talks For Wizards’ Bradley Beal

June 17th, 2023 at 1:51pm CST by Luke Adams

1:51pm: The Heat are trying to acquire Beal without moving Herro, according to Anthony Chiang of The Miami Herald (Twitter link).

Barry Jackson of The Miami Herald (Twitter link) says the package discussed by Miami would be built around Lowry and draft assets, with Robinson or Oladipo also included for salary matching.

The Wizards appear to be trying to avoid taking back long-term money, tweets Ira Winderman of The South Florida Sun Sentinel. That suggests that a Suns offer would likely involve Paul rather than Ayton.

12:54pm: The Wizards are engaged in serious talks about a Bradley Beal trade with two separate suitors, according to Shams Charania of The Athletic (Twitter link), who reports that the Heat and Suns are in the mix for the star guard.

Miami has long been viewed as a potential landing spot for Beal if he’s dealt, whereas Phoenix is more of a newcomer to the sweepstakes. Charania refers to the Heat and Suns as “finalists” for Beal, though it’s unclear if the Wizards are fully committed to moving forward on a trade or whether other clubs will still have a chance to get involved.

As first reported on Wednesday, Beal and the Wizards have begun to talk to one another about the possibility of a trade, with the team’s new front office – led by Michael Winger – considering the idea of resetting the roster. Any major changes in D.C. would almost certainly include moving Beal, who is owed nearly $208MM over the next four years.

Because Beal has a full no-trade clause, he has a significant amount of control over not only his eventual landing spot but the return the Wizards receive for him, since he could veto a deal if he thinks his new team is giving up too much. Beal’s camp – including agent Mark Bartelstein – has reportedly been granted permission by the Wizards to speak to potential suitors.

Beal’s current cap hit is $43.3MM and that number will increase to $46.7MM in 2023/24, so substantial outgoing salary will be required to match that figure and meet the NBA’s trade rules.

A Heat trade for Beal would likely start with either Tyler Herro or Kyle Lowry. Herro will make $27MM next season in the first year of his four-year rookie scale extension, while Lowry will be on a $29.7MM expiring contract. Duncan Robinson ($18.2MM), Victor Oladipo ($9.5MM), and Caleb Martin ($6.8MM) are among the other possible trade candidates for the Heat, who have up to three first-round picks available, including this year’s No. 18 selection.

As for the Suns, it’s safe to assume Kevin Durant and Devin Booker wouldn’t be included in an offer for Beal. That means a proposal would have to start with either Chris Paul or Deandre Ayton, depending on whether Washington would prioritize expiring salary (Paul) or a young building block who is under contract for multiple years (Ayton). Paul has a partially guaranteed $30.8MM salary for 2023/24 without any guaranteed money owed to him beyond next season, while Ayton will make $102MM over the next three years.

Landry Shamet ($10.3MM) and Cameron Payne ($6.5MM) are other movable Suns players for matching purposes, though Phoenix doesn’t have much to offer in the way of future draft picks after sending four first-rounders to Brooklyn for Durant in February. The Suns would only be able to sweeten an offer with second-round picks or with a first-round swap in 2024 and/or 2026.

Both the Heat (with Jimmy Butler and Bam Adebayo) and the Suns entered the offseason expected to scour the trade market for impact players capable of complementing their star duos. The two teams project to be taxpayers going forward, so their flexibility to make major moves may be limited after the 2023/24 league year as more rules from the new Collective Bargaining Agreement take effect.

The Heat have also been linked to Damian Lillard, though there’s no indication yet that he’ll be available this summer. The Suns are said to have some interest in Malcolm Brogdon and John Collins, among others.

Bradley Beal Rumors: Bucks, Sixers, Knicks, Heat

June 14th, 2023 at 3:56pm CST by Luke Adams

Having already reported that the Heat will be among Bradley Beal‘s suitors if the Wizards decide to move forward with a trade of the star guard, Shams Charania of Stadium (Twitter video link) said he has been told the Bucks are “looming” as another team to watch for Beal.

Milwaukee would be a somewhat surprising inclusion in the Beal sweepstakes. Charania doesn’t provide any details on what the Bucks might offer, but we can safely assume Giannis Antetokounmpo isn’t going anywhere. In order to match Beal’s maximum-salary cap hit, the Bucks would have to build a package around either Khris Middleton or Jrue Holiday, both of whom were key members of the team that won a title in 2021.

Here’s more on Beal in the wake of a report that he and the Wizards are discussing possible trade scenarios as the team debates whether or not to reset its roster:

Sources who spoke to Kyle Neubeck of PhillyVoice.com insisted that the Sixers don’t intend to pursue Beal via trade and aren’t interested in him as a long-term cornerstone. As Neubeck explains, Beal’s contract plays a large part in that stance — he’s owed nearly $208MM over the next four seasons, which will be a tricky contract to accommodate under the new Collective Bargaining Agreement for a player who isn’t his team’s first option.
The Knicks had internal discussions during the season about the possibility of pursuing Beal this summer, sources tell Ian Begley of SNY.tv. It’s unclear what came of those conversations and how enthusiastic the team might be about the idea.
The Heat have conveyed interest in Beal multiple times over the years, according to Barry Jackson of The Miami Herald. Jackson also hears from a source close to Beal that Miami would appeal to the three-time All-Star — that’s an important factor, given Beal’s full no-trade clause. Jackson suggests that a Miami offer for Beal would likely start with Tyler Herro and either Duncan Robinson or Kyle Lowry for salary-matching purposes. Miami has three tradable future first-rounders, including this year’s No. 18 overall pick.

Heat Notes: Vincent, Strus, Lowry, Yurtseven, Highsmith, Robinson

June 14th, 2023 at 2:52pm CST by Luke Adams

Running it back with the group that got the Heat to the NBA Finals this offseason might be impossible unless the team is willing to pay a massive tax bill, as Barry Jackson of The Miami Herald details. Guards Gabe Vincent and Max Strus, who earned minimum salaries in 2022/23, are each expected to command an eight-figure salary when they sign new contracts as unrestricted free agents this summer.

The Heat have always intended to become a taxpaying team in 2023/24, Jackson writes, but they project to be over the luxury tax threshold even before accounting for new deals for Vincent and/or Strus. Re-signing both players for starting salaries in the range of $10-12MM per year would push the projected team salary into the neighborhood of $200MM, which would result in a tax bill in excess of $120MM.

According to Eric Pincus of Bleacher Report, rival executives are dubious that the Heat are willing to make that kind of tax payment. As such, it seems unlikely that both Vincent and Strus will be back unless the club can find a way to dump salary in a trade. Kyle Lowry, Tyler Herro, and Duncan Robinson would be the best candidates to be involved in such a deal, and Pincus notes that Herro’s four-year contract probably makes him the best option if the club is seeking additional long-term flexibility.

Here’s more on the Heat:

Lowry restored his value to some extent with a strong playoff run, but his expiring deal (worth nearly $30MM) still has limited value, writes Sean Deveney of Heavy.com. A source tells Deveney that if the Heat don’t end up using Lowry’s expiring contract in a trade, they should be comfortable bringing him back for the final year of that deal. “It’s not a bad option to have, the way he played,” the source said. “It’s not a desperate kind of thing.”
Omer Yurtseven, who is eligible for restricted free agency, was asked on Wednesday what his priorities in free agency will be, tweets Ira Winderman of The South Florida Sun Sentinel. “I think my priority is to play,” said Yurtseven, who was limited to nine games in 2022/23 in large part due to ankle surgery in the fall. If the Heat opt not to issue a qualifying offer to Yurtseven, he’d be free to seek out the team willing to give him the biggest role.
Heat wing Haywood Highsmith told reporters on Wednesday that he expects the team to guarantee his $1.9MM salary for next season by hanging onto him beyond July 15, per Winderman (Twitter link). Highsmith added that his goal is to continue to work toward becoming a lock-down defender.
Orlando Robinson‘s two-way contract with the Heat will expire on June 30, but the big man has committed to playing for Miami’s Summer League team, he said today (Twitter link via Winderman). The Heat have the ability to make Robinson a restricted free agent by issuing him a qualifying offer equivalent to another one-year two-way deal.