Oct 8, 2013, 9:09 PM EDT
Norris Cole is entering his third NBA season, but has already proven to be a key contributor on two straight championship teams for the Heat. Not surprisingly, since he’s still playing out his rookie contract and is considered to be still-developing talent at an extremely low price, Miami exercised its option to keep Cole under contract for the 2014-15 season.
From the official release:
Cole has appeared in 145 career games (six starts) and averaged 6.1 points, 2.0 assists, 1.5 rebounds and 19.7 minutes while shooting 40.7 percent from the field. Last season, he led the Miami reserves in assists 37 times, steals on 29 occasions, points 12 times and in rebounds and minutes six times each. In his two seasons with the HEAT, Cole has helped Miami capture back-to-back NBA championships, appearing in 40 postseason games while averaging 4.1 points, 1.4 assists and 1.2 rebounds in 14.7 minutes of action.
Cole was originally drafted by Minnesota in the first round (28th overall) of the 2011 NBA Draft before his draft rights were acquired by the HEAT in a draft night trade.
Under the rookie scale, Cole is set to make just over $2 million in 2014-15, and will need to have a qualifying offer extended of just over $3 million the following season for Miami to retain his rights as a restricted free agent (salary data via HoopsWorld).
This move was a mere formality, but it doesn’t come without a level of interest.
By now you’re probably aware that LeBron James, Dwyane Wade, and Chris Bosh can all opt out of their contracts next summer to become unrestricted free agents, or (more likely) sign longer-term deals to stay in Miami. The Heat brain trust set up the rest of the contracts on the roster with this not-so-small fact in mind, and up until today, no one was guaranteed a single dollar of salary beyond the upcoming season.
That’s right — the Heat potentially were at a completely clean slate from a salary perspective beginning next summer. That’s no longer the case, however, after Cole became the first to officially get locked in for the 2014-15 season.
Apr 18, 2015, 12:30 AM EDT
Their rivalry goes back until the Dwight Howard free agent recruitment. If not earlier.
Apr 17, 2015, 11:30 PM EDT
The winner in 7 games will be …
Apr 17, 2015, 10:30 PM EDT
Cuban also says of Houston: “that’s not a very good team over there.”
Apr 17, 2015, 9:30 PM EDT
Can Brooklyn win a game?
Sounds like Pacers president Larry Bird, head coach Frank Vogel don’t want Roy Hibbert back next year
Apr 17, 2015, 8:30 PM EDT
Hibbert has a player option for $15.5 million next season.
Apr 17, 2015, 7:30 PM EDT
Three PBT writers pick the Warrior to beat the Cavaliers in the Finals.
Apr 17, 2015, 6:45 PM EDT
Wesley Matthews. Arron Afflalo. Nicolas Batum. C.J. McCollum. Chris Kaman. Mike Conley. Tony Allen. All injured.
Apr 17, 2015, 6:00 PM EDT
Projection: 2016-17: $89 million; 2017-18: $108 million.
Apr 17, 2015, 5:15 PM EDT
I just think Doc Rivers the GM has tied the hands of Doc Rivers the coach too much — the Spurs versatility and depth gives Gregg Popovich more options.
Apr 17, 2015, 4:38 PM EDT
He is expected to make a full recovery.
Apr 17, 2015, 3:59 PM EDT
It’s great to see Anthony Davis on the playoff stage for the first time. Even if it doesn’t last long.
Apr 17, 2015, 3:15 PM EDT
Jazz, Bulls, Spurs, Celtics lose
Apr 17, 2015, 2:33 PM EDT
Cavaliers in 5
Apr 17, 2015, 1:48 PM EDT
Warriors in 6
Apr 17, 2015, 1:11 PM EDT
Four of five first-team spots are unanimous
Apr 17, 2015, 12:28 PM EDT
Portland’s health and Memphis’ size are a bad match.
Apr 17, 2015, 11:53 AM EDT
Wizards guard played for Donovan in college
Apr 17, 2015, 11:11 AM EDT
That may be true, but he’s still likely to stick in Portland
Apr 17, 2015, 10:35 AM EDT
The 3-1 edge goes to…
Apr 17, 2015, 9:50 AM EDT
The Bucks’ elite defense will have its work cut out for it with the Bulls’ much-improved offense.
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