Max Strus

Pacers Considering $48MM Offer For Max Strus

The Pacers are “strongly weighing” a three-year offer in the $48MM range for free agent shooting guard Max Strus, Marc Stein writes in his latest Substack column.

Several teams are interested in Strus, who is likely to receive a new deal that exceeds the $12.4MM non-taxpayer mid-level exception, Stein adds. With more than $30MM in cap room, Indiana is in position to outbid many of its rivals.

Echoing a report from Jake Fischer earlier today, Stein states that Strus appears “almost certain” to be on the move after spending the past three seasons with the Heat. Fischer cited the Pistons and Magic as other teams with cap room that might make an offer to Strus.

Miami reportedly doesn’t want to commit the resources it would take to re-sign both Strus and Gabe Vincent, and it appears that Vincent is more of a priority.

Strus, 27, started all 23 playoff games for the Heat during their run to the NBA Finals. He was outstanding for most of the postseason, but struggled against Denver, shooting just 10-of-43 from three-point range.

Heat Decide Against Using Stretch Provision On Kyle Lowry

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

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

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.

Fischer’s Latest: Jazz, Cavs, Wolves, DiVincenzo, Gallinari, More

The Jazz‘s trade for John Collins and the Timberwolves‘ extension agreement with Naz Reid are two transactions that could have a ripple effect on other offseason activity, Jake Fischer writes in his latest story for Yahoo Sports.

As Fischer explains, the Jazz were expected to be a player for forwards in free agency, with Celtics RFA Grant Williams among Utah’s rumored targets. The Jazz still project to have cap room available, especially if Jordan Clarkson doesn’t remain with the team, but after adding Collins to a frontcourt that now features Lauri Markkanen, Walker Kessler, and lottery pick Taylor Hendricks, it’s hard to see them spending big on another forward or center, Fischer observes.

As for Reid, the Cavaliers were among the teams that hoped to take a run at him in free agency, sources tell Fischer. It’s unclear whether Cleveland – which should have the full mid-level exception available – will pivot to pursuing another significant frontcourt addition to complement Jarrett Allen and Evan Mobley or whether the club specifically valued Reid highly, Fischer writes.

Meanwhile, opposing executives are curious about how the Timberwolves’ new deal with Reid might affect the rest of their roster. In particular, Fischer says, rival teams are wondering if Minnesota might waive veteran wing Taurean Prince, whose $7.5MM salary for 2023/24 is non-guaranteed.

With Prince on the books, the Wolves likely won’t have access to the full non-taxpayer mid-level exception, and they’re believe to be in the market for a combo guard with size using that MLE, according to Fischer, who names Bruce Brown and Donte DiVincenzo as two possible targets.

Here’s more of Fischer’s latest reporting:

  • Minnesota is hardly the only team with interest in DiVincenzo. There has been “growing noise” among league personnel about the possibility of DiVincenzo joining the Knicks and teaming up with fellow Villanova alums Jalen Brunson and Josh Hart, says Fischer.
  • Teams with cap room, including the Pacers, Magic, and Pistons, are believed to be eyeing players like Grant Williams (RFA) and Max Strus, according to Fischer, though he has heard the same rumblings that Marc Stein has about Detroit potentially using its room to make a room at Cameron Johnson. If the Nets bring back Johnson, rival executives are prepared for Brooklyn to make a cost-cutting trade to help accommodate Johnson’s increased salary.
  • The Wizards are considered likely to reach a buyout agreement with Danilo Gallinari, freeing up the veteran forward to pursue a deal with a team closer to contention, Fischer reports. Gallinari would be ineligible to re-sign with the Celtics in that scenario.
  • The Rockets are considering high-salary, short-term deals in order to land their preferred targets in free agency, per Fischer, who suggests it might take a maximum-salary offer to lure Fred VanVleet away from the Raptors. VanVleet is rumored to be one of Houston’s top priorities in free agency.
  • In case you missed it, we passed along more of Fischer’s latest tidbits in a pair of stories earlier today.

Heat Notes: Offseason, Vincent, Strus, Herro, Lillard, Beal

After an improbable run to the NBA Finals, the Heat face an offseason filled with important financial decisions, writes Anthony Chiang of The Miami Herald.

Miami has just seven players with guaranteed salaries for next season, but Victor Oladipo is almost certain to pick up his $9.5MM option after suffering a knee injury in the playoffs and the team is expected to guarantee Haywood Highsmith‘s $1.9MM salary. With an estimated cap hit of about $3MM for the No. 18 pick, the Heat will have roughly $176MM committed, putting them well over the projected $162MM luxury tax line and in sight of the new $179.5MM second apron.

Kevin Love, Max Strus, Gabe Vincent and Cody Zeller are all headed to unrestricted free agency, while Omer Yurtseven will be restricted if Miami makes a $2.26MM qualifying offer. In addition, Miami has already been linked to potential trades involving Damian Lillard and Bradley Beal.

“The goal is to win a championship, and this organization will do anything possible for that to happen,” Bam Adebayo said at Wednesday’s exit interviews. “I feel like everybody in here knows it’s a business. And that’s why you cherish the moments you go through with your teammates, with your brothers because you never know what can happen next year.”

There’s more from Miami:

  • The Heat hold Bird rights on Vincent and Strus, so they can go over the cap to re-sign them, although that would increase their tax bill, Chiang adds. Both players indicated that they plan to explore all their options. “Money plays a role, place plays a role, situation plays a role,” Vincent said. There’s a lot of things that factor in and I think it will all take care of itself throughout the summer.”
  • Tyler Herro didn’t address reporters on Wednesday, but coach Erik Spoelstra expanded on his decision to not use him in Game 5, per Ira Winderman of The Sun-Sentinel. Herro received medical clearance Monday afternoon after missing nearly two months following hand surgery. “It’s also my job, as the head coach, to protect him, and do what we think was best for the team,” Spoelstra said. “… And there’s no knowing for sure, but I do know that that was just a totally unusual circumstance that you can’t compare to anything else. But the good news is he’ll have a great offseason and he’ll be fully ready to go next year.”
  • With trade rumors flying around the Heat, Barry Jackson of The Miami Herald proposes a scenario in which the team could acquire both Lillard and Beal while keeping Adebayo and Jimmy Butler.

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

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.

Heat Notes: Herro, Butler, Vincent, Strus, Yurtseven, Haslem

Heat guard Tyler Herro declined to speak to reporters after Monday’s loss, but his body language suggested that he was disappointed not to get into Game 5 after receiving medical clearance following a two-month recovery process for a broken hand, writes Ira Winderman of The South Florida Sun Sentinel.

Head coach Erik Spoelstra explained after the loss that the physicality and intensity of the game made him hesitant to call on a player who hadn’t suited up since mid-April. However, he also didn’t sound certain that he made the right decision by not using one of Miami’s best scorers in a game in which the team finished with just 89 points.

“It’s just a really tough call and I’ll probably have to wrestle with that all summer,” Spoelstra said, adding that the intensity in the Finals was “totally different” from the first round of the playoffs, let alone the regular season. “… That’s the hardest-played, most physical competition you can have. And that would be a tough thing for a guy that’s been out for two months that hasn’t had any kind of ramp-up. But that won’t save me from thinking about that for the next few weeks.”

Here’s more on the Heat:

  • Jimmy Butler, who sprained his ankle earlier in the postseason, wasn’t willing to use that injury as an excuse after Monday’s loss, telling reporters that his ankle was “fine” and had “zero” to do with his 5-of-18 shooting night, per Barry Jackson of The Miami Herald. Butler also didn’t necessarily agree with the idea that the Heat need to make offseason moves to improve their offense. “No. We just missed shots,” he said. “That’s what this league is about. We make two, three more shots. … We did enough to win.”
  • In his preview of the Heat’s offseason, Bobby Marks of ESPN.com (Insider link) says that re-signing Gabe Vincent should be a top priority for the front office, which will have to decide whether bringing back Max Strus is a necessity or a luxury.
  • One under-the-radar decision the Heat will have to make before the end of June is whether or not to extend a $2.3MM qualifying offer to center Omer Yurtseven, Winderman writes for The Sun Sentinel. That QO would make Yurtseven a restricted free agent. He has shown some promise but was limited to just nine games this season due to ankle surgery, so it’s hardly a lock.
  • While winning a championship would’ve been a storybook ending for his 20-year NBA career, Udonis Haslem isn’t unhappy about how his final season ended, according to Winderman. “I tell the guys, I have no complaints, I have no regrets. I’m thankful,” Haslem said. “They gave me a final season that I will never, ever forget. That’s all I can ask for.”
  • Assistant general manager Adam Simon and the rest of the Heat’s draft staff had been trying to “stay out of the team’s way” while bringing in prospects to the Kaseya Center for workouts since last week, according to Anthony Chiang of The Miami Herald. With the Heat’s season now over, the draft preparation can take center stage — the club owns the No. 18 pick in next Thursday’s event.

Nuggets Win First Title, Jokic Named MVP

The Nuggets secured their first championship on Monday night, completing a 4-1 series victory over the Heat with a 94-89 victory. The Nuggets joined the NBA in 1976 after the league’s merger with the ABA.

Nikola Jokic, the league’s two-time Most Valuable Player in the regular season, was named the MVP of the Finals, NBA Communications tweets. He had 28 points, 16 rebounds and four assists in the clinching victory. For the series, Jokic averaged 30.2 points, 14.0 rebounds and 7.2 assists per night.

Jokic and the team’s other star, Jamal Murray, carried the Nuggets throughout the playoffs. However, the team’s role players made some of the biggest plays in Game 5.

Bruce Brown had the go-ahead put-back in the late going and hit clinching free throws. In between, Kentavious Caldwell-Pope had a key steal and made two clutch free throws.

Denver is well-positioned to make a run at back-to-back titles and beyond. Jokic, Murray, Aaron Gordon and Michael Porter Jr. are all signed through at least the 2024/25 season. Caldwell-Pope has two more years left on his contract, though he can opt out next summer.

There’s a good chance Brown will go elsewhere. He will almost certainly decline his $6.8MM option and the team doesn’t own his Bird rights, limiting its ability to offer much of a raise.

Jeff Green and a handful of other veteran reserves will be unrestricted free agents, though the Nuggets have some quality young players on rookie contracts poised to take on bigger roles, including Christian Braun and Peyton Watson.

The Heat have some key players entering free agency, most notably Gabe Vincent, Max Strus and Kevin Love.

With the Finals decided, the 2023 NBA offseason is officially underway. The draft will be held in 10 days with free agency beginning the following week.

Heat Notes: Comeback, Love, Role Players, Herro

The Heat are facing a 3-1 deficit in the Finals. Only one team has ever won in the Finals after trailing by that margin but Miami’s coaches and players are unfazed by the odds, Anthony Chiang of the Miami Herald writes.

“Everybody is counting us out. We’re used to that,” Heat coach Erik Spoelstra said. “But ultimately it has to be decided between those four lines. The crowd is not going to decide it. The narratives are not going to decide it. Whatever the analytics are about 3-1, that ain’t going to decide it. It’s going to be decided between those four lines, whose game can get to whose game and ultimately win at the end. That’s what our guys love. So we’re looking forward to it.”

Game 5 will be played in Denver on Monday night. If the Heat force a Game 6, it will be played on Thursday.

We have more on the Eastern Conference champs:

  • Speaking of that one time a team rallied from a 3-1 Finals deficit, Kevin Love is well aware of how such a comeback could take place. He was a member of the 2016 Cavaliers that rallied to beat the Warriors in the last three games of the series, Chiang notes in the same story. Love sees similarities between those Cavs and these Heat. “I think there’s a lot to be taken from that situation,” Love said. “Naturally, when your back is up against the wall, you start to look for answers, solutions. But we’re a team that has been super resilient.”
  • Caleb Martin, Gabe Vincent and Max Strus haven’t been able to impact the Finals the way they did the first three playoff series, Ira Winderman of the South Florida Sun Sentinel points out. The Heat know they’ll need more from their role players and perimeter shooters to beat Denver three straight times. “(The Nuggets) definitely made an adjustment to try to stay at home on three-point shooters,” Spoelstra said. “It’s not the first time we have faced that. I think that’s a great compliment to them and how important they are to our offense. We just have to do it better.”
  • Tyler Herro is listed as out for Game 5, Winderman tweets. The 23-year-old sharpshooter still hasn’t received medical clearance to play in the remaining games, though he did undergo another contact workout on Sunday, Barry Jackson of the Miami Herald reports. Herro hasn’t played since breaking his hand in the opening round of the playoffs.