NBA Roundtable

2010 Cap Space: Miami

In Free Agency, General NBA, Trade Talk on November 27, 2009 at 7:00 am

Updated Version — click here

Miami Heat Salaries

Contracts above $5 million

  • Nobody

Rest Of Team’s Salaries

  • Michael Beasley – $4.96 million
  • Daequan Cook – $2.17 million
  • Mario Chalmers – $850k

Mario Chalmers has a non-guaranteed contract but at that salary he’s a lock to be picked up so I included him here. Chalmers will be in the final year of his contract.

Michael Beasley will be entering the third year of his rookie scale contrast whilst Cook enters his final season.

Those contracts amount to $7.98 million.

Other Costs

  • Draft Picks — The Heat are likely to make the playoffs in the Eastern Conference this year. They are likely to finish anywhere from the 8th seed to the 5th seed. In terms of the draft, the Heat are likely to finish somewhere between the 15th pick and the 20th pick. That pick range carries a cap hold of $1.1-to-$1.4 million.
  • Non-Guaranteed Contracts — James Jones is due to earn $4.65 million but is only guaranteed $1.86 million of that amount. As a result, Jones is very likely to be bought out.
  • Player Option — Dwyane Wade has a player option for $17.15 million but he is extremely likely to opt out.
  • Player Option — Joel Anthony has a player option for $850k. He is very likely to use this option to stay with the Heat so I’ll include him in the salaries.
  • Open Roster Spots — The Heat have five players on their roster at this point. Meaning a cap charge for seven open roster slots which will cost around $3.33 million.

The cost of the Heat’s draft pick + waiving James Jones + Joel Anthony’s player option + open roster spots amounts to $7.14-to-$7.44 million.

That gives us a new total of $15.12-to-$15.42 million.

The Cap

The league sent out a memo at the beginning of free agency this year citing these numbers as possible cap figures for 2010

The NBA’s ballyhooed free-agent summer of 2010 might have quietly taken another hit late Tuesday night.

In a memo announcing next season’s salary cap and luxury-tax threshold, sent out shortly before the league’s annual July moratorium on signings and trades was lifted at 12:01 a.m. Wednesday, NBA teams also received tentative projections from the league warning that the cap is estimated to drop to somewhere between $50.4 million and $53.6 million for the 2010-11 season.

2010 Cap Space

That Miami Heat will have $35.0-to-$38.48 million in cap space next summer.

Miami’s Free Agency Options

Let’s assume that Dwyane Wade stays and costs $16.57 million. That reduces Miami’s cap space to $18.43 million to $21.9 million.

That means that the Miami Heat can sign a second maximum contract player ($16.57 million again) and sign another role player with their leftover money ($1.86 million to $5.3 million).

  1. A good spot to be in, I guess. 🙂 Considering the weather and the money – D-Wade probably will get some pretty good company next season if he decides to stay in Miami.

  2. Looks like they can sign a couple of good FA.

    But they have little to trade with if the incoming FA wants his max 6 yr deal in a S&T. Can’t see Bosh or James leaving $30m on the table.

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