ESPN is reporting
Dwyane Wade and Chris Bosh are teaming up together on the Miami Heat, according to a person with knowledge of the situation.
ESPN’s Shelley Smith also reported the pending move through independent sources.
Wade and Bosh are expected to announce their decision on Wednesday, according to the source, and continue to lobby James, along with Heat president Pat Riley, to join them in Miami, despite the financial complexities involved for the Heat to make room for all three.
Sign and Trade?
It was not immediately clear whether Bosh will sign with Miami outright or join the Heat through a sign-and-trade deal. Bosh could earn $125 million over six years via sign-and-trade, but only $96 million over five without it.
“Either way, he’s definitely going to Miami,” the source said.
Toronto’s growing frustration with the lack of communication with Bosh in recent days and reluctance to participate in a sign-and-trade with Miami has been well-chronicled. But the source said that the outcome — whether a sign-and-trade can still be salvaged or whether Bosh will indeed sign with Miami as an outright free agent — was “unknown” at this point.
ESPN.com’s J.A. Adande reported earlier this week that the Raptors have become “increasingly disenchanted” with the idea of helping Bosh obtain a maximum contract via a sign-and-trade deal.
This is excellent news. It will be brilliant to see Chris Bosh finally have some real help + to see Wade get a new running buddy after playing a couple of years without one.
A Bosh/Wade combination immediately provides the foundation to a title contender. Now all Miami have to do is to surround them with the right supporting cast to give them that opportunity. The only question is whether they are able to do that by the start of next season or whether they’ll need another year to build up enough quality depth.
Filling Out Roster
- LeBron James
- Focus on adding a defensive presence (Brendan Haywood) and then either keep Beasley or trade Beasley for another piece on the perimeter. Perhaps a Mike Miller or Ray Allen.
- Try to sign another talented offensive big man like Carlos Boozer (sign and trade needed) or David Lee
- Miami had $12.8 million on their salary cap.
- Add two max contracts ($16.57 million each) minus two cap holds for empty roster spots and Miami has about $45 million on their books.
- Ergo, the Heat have around $11.1 million in cap space remaining
- Michael Beasley’s contract is worth $4.96 million which means Miami can take back as much as $6.3 million back in salaries.
- The Heat could also include Mario Chalmers to a Michael Beasley package to increase that figure to $7.36 million.
Salary Dump To Increase Cap Space
- If Miami traded both players in a salary dump, or via a sign and trade, Miami’s remaining cap room would increase by $4.86 million.
- So Miami would then have $15.97 million to play with. Close to a max contract.
- If Miami spent $10 million on Haywood, they would have $6 million left for another stud role player.
- A $9 million and $7 million combination would give them a better shot at landing Mike Miller.