NBA Roundtable

2010 Cap Space: Miami

In Free Agency, General NBA, Trade Talk on June 23, 2010 at 9:09 pm

Previous Edition — click here

Miami Heat Salaries

Contracts above $5 million

  • Nobody

Rest Of Team’s Salaries

  • Michael Beasley – $4.96 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. Meanwhile, Michael Beasley will be entering the third year of his rookie scale contract.

Those contracts amount to $5.81 million.

Other Costs

  • Draft Picks — Miami traded their first round pick to the Oklahoma City Thunder. Second round picks do not have guaranteed contracts and carry no cap holds.
  • 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 will opt out.
  • Player Option — Joel Anthony has a player option for $850k. He is extremely likely to use this option to stay with the Heat so I’ll include him in the salaries.
  • Open Roster Spots — The Heat have only three players on their roster at this point. Meaning a cap charge for nine open roster slots which will cost around $4.28 million.

That gives us a sub-total for $6.99 million giving us a final total of $12.8 million.

The Cap

David Stern recently announced

NBA commissioner David Stern said on Friday that the league is projecting the cap to come in at about $56.1 million. The actual number won’t be determined until early July, before teams can begin officially signing players.

Though that figure would still be lower than this season’s $57.7 million cap, it’s far better than estimates from last summer, when the league sent a memo to teams warning them of a potential sharp drop to between $50.4 million to $53.6 million.

2010 Cap Space

That leaves the Miami Heat with $43.3 million in cap space.

Summer Options

Step One

  • Miami re-signs Dwyane Wade to a maximum contract

That leaves Miami with $27.2 million in cap space.

Step Two

  • Miami either (1) trades Beasley to a team below the cap, or, (2) parts ways with Beasley via a sign and trade
  • Miami acquires another max contract player (say Chris Bosh)

That leaves Miami with $15.6 million in cap space.

Step Three

If Miami moved Chalmers + Anthony in a sign and trade, they could gain another $750k giving them $16.35 million in cap space. So they are short somewhere between $200k and $1 million for another max contract.

  • That difference is likely small enough to acquire another max contract. Especially if it were split between three players (say Wade, Bron, Bosh) or if it were given to a slightly less gifted max contract player (Amare, Joe Johnson).
  • The other option is for Miami to spend anywhere from $10-14 million one player — David Lee, Rudy Gay, Carlos Boozer — and then spend the remainder on a role player. That could be enough to resign a valuable servant like Udonis Haslem or only enough to acquire a solid role player.
    • Or keep Michael Beasley in that smaller salary slot and continue to try to develop him. If they did so, it would make signing Gay or Boozer more difficult. David Lee would still be a possibility though. It would also make someone like Tyson Chandler or Brendan Haywood a more likely candidate.

So, in summary, it is possible for Miami to sign three max contract players or to sign two max contract players + an eight figure per annum player + a role player.

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