Jun 29, 2012, 5:20 PM EDT
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.
- Justin Bieber and Kevin Durant share brunch (photo) 8
- Clippers CEO: If Sterling remains owner then Doc Rivers, players, sponsors all ready to bolt 43
- Report: Cavaliers trying to acquire other players to put in Kevin Love trade 54
- Report: Bulls making push to trade for Kevin Love 70
- Seven standout players from Las Vegas Summer League 10
- Maverick Carter: LeBron James and Dwyane Wade still speak nearly daily 37
- Red hot Ray McCallum leads Sacramento Kings to Summer League title with 77-68 win against Houston 3
- Lakers great Michael Cooper diagnosed with cancer 16