Jul 13, 2013, 1:41 AM EDT
As of right now, the Miami Heat have a payroll just above $87 million — that is $28 million over the salary cap and $15.6 million over the luxury tax line.
Which will mean about $30 million in taxes on top of the existing salary load — a $117 million bill total. Maybe the Nets wouldn’t balk at that number, but basically everyone else would.
The Heat could shave $10 million or more off that bill by using the amnesty provision on a player such as Joel Anthony or Mike Miller, but they don’t plan to do it team president Pat Riles said, reports the Associated Press.
Heat President Pat Riley said Friday that the team does not currently plan to use its one-time amnesty option as a way of lightening its looming tax load, with the team’s focus instead being on simply finding ways to get better.
“Right now, we’re not using amnesty, no,” Riley said….
“We want to win and we want to win again next year and we’re going to try to do everything we can to do that,” Riley said. “What I said at the end of the season is what I meant. I want to try to keep this team intact as long as we can because we have a championship basketball team here and continuity being, I think the most important thing to when it comes to winning championships … I would hate to break it up.”
Pat Riley is smart enough to know that this roster, as constructed, is not going to win three years from now. He knows some big changes are coming.
But you don’t break up a team that is back-to-back NBA champs and has been to two straight finals. Look for the Heat to start making changes a year from now, a discussion that Riley will involve LeBron James in (to help keep him). But for right now he is bringing the band back together.
Aug 3, 2015, 12:01 AM EDT
Orlando keeps backup center on minimum contract
Aug 2, 2015, 10:30 PM EDT
I think the movie is coming, people.
Aug 2, 2015, 9:32 PM EDT
Saunders has a versatile front line, but does he have enough shooting to give them room to operate?
Aug 2, 2015, 8:50 PM EDT
Jordan will gloat about this to Butler for years.
Aug 2, 2015, 3:30 PM EDT
The game in Africa felt like an exhibition.
Aug 2, 2015, 2:00 PM EDT
It’s a standard rookie contract for a first-round pick.
Aug 2, 2015, 12:30 PM EDT
He will be one of the favorites to win ROY.
Aug 2, 2015, 11:00 AM EDT
He was a star with the Buffalo Braves (the franchise that is now the L.A. Clippers).
Aug 2, 2015, 9:30 AM EDT
“Dude, what are you talking about? You’re only a year older than me!” — Giannis Antetokounmpo on Anthony Davis calling him “kid.”
Aug 2, 2015, 8:00 AM EDT
Okafor is getting acquainted with his young fans in Philadelphia.
Aug 2, 2015, 12:30 AM EDT
Davis is in talks to re-sign with the Clippers.
Aug 1, 2015, 11:00 PM EDT
Hamilton played 14 games with the Clippers last season.
Aug 1, 2015, 9:30 PM EDT
Rose played in the 2010 and 2014 FIBA World Championships.
Aug 1, 2015, 8:00 PM EDT
That would be good news for the Spurs and bad news for the rest of the Western Conference.
Aug 1, 2015, 6:30 PM EDT
Noah spent most of last season limited by knee surgery.
Aug 1, 2015, 5:00 PM EDT
His $4.7 million salary for next season is unguaranteed.
Aug 1, 2015, 3:30 PM EDT
Paul is still in the running for a spot on the 2016 Olympic team.
Aug 1, 2015, 2:00 PM EDT
Will this lead to all 30 teams getting their own affiliates?
Hakeem Olajuwon and Dikembe Mutombo make surprise appearances for Team Africa in NBA exhibition game (VIDEO)
Aug 1, 2015, 12:30 PM EDT
Team Africa faced off against Team World in Johannesburg.
Aug 1, 2015, 11:00 AM EDT
Mbah a Moute signed a one-year deal with the Kings in July.
- Jahlil Okafor: “Rookie of the Year is one of the goals I set for myself” 13
- Report: Derrick Rose undecided about attending Team USA minicamp 8
- Report: Pacers planning to purchase D-League’s Fort Wayne Mad Ants 3
- Report: Hawks’ Mike Scott told police after arrest all drugs in car were his 17
- NBA lands in Africa trying to put down roots, which is all about youth programs, infrastructure 1
- Report: Kings expected to hire Nancy Lieberman as assistant coach 9
- Report: Hawks’ Mike Scott arrested for felony drug possession 16
- Gilbert Arenas on LeBron James: “James isn’t a #1 option..and yes I (didn’t stutter)” 50