Jun 29, 2012, 5:20 PM EST
Miami has some looming tax issues.
Next year they have nearly $80 million on the books, and that’s without going after Ray Allen or any other free agent with their taxpayer’s mid-level exception ($3 million). Or rounding out the roster. LeBron James, Dwyane Wade and Chris Bosh alone will account for about $52 million in salary next year and the salary cap is at $58 million (the tax line is $70). As the stiffer penalties and repeater tax kick in in the next few years, the tax burden will get brutal.
Pat Riley said the Heat apparently will bypass amnesty this summer, “We’re not looking at amenstying anybody.”
The Heat could change their minds, the amnesty window starts July 11. I don’t expect Miller to change his mind (not with $18.6 million still on the table). But they may be a team willing to pay a price for a few years to chase a few more rings.
Winning one will do that to you.
- Thursday night NBA Grades: Mike Woodson is allowed to exhale 0
- Knicks snap nine-game losing streak by crushing depleted Nets 1
- David Stern issues statement on passing of Nelson Mandela, players take to twitter 6
- Kobe Bryant sounds close to return, will not offer specific date 5
- Knicks and Nets might not remain so mockable for long, so enjoy it while you can 14
- LeBron says Wade is “getting that Kobe deal” in next contract. Should he? (64)
- The Extra Pass: Our awards at the quarter pole, plus Monday recaps (42)
- Michael Beasley finding a role, groove in Miami (41)
- Kobe Bryant dunks, looks good in Lakers practice; Friday return possible (38)
- Dwight Howard frustrated with Rockets’ effort in recent losses (36)