Jun 28, 2014, 4:46 PM EDT
UPDATE 6:21 p.m.: Bosh apparently has not opted out just yet, and remains undecided.
Chris Bosh‘s agent now tells AP that Bosh has not decided on the opt-out decision. Not yes, not no.
— Tim Reynolds (@ByTimReynolds) June 28, 2014
4:46 p.m.: LeBron James got what he wanted. Pat Riley has gotten what he wanted. The Miami Heat are going to have cap space to maneuver this summer.
Dwyane Wade and Chris Bosh have both confirmed to the Miami Heat that they are opting out of their contracts, Tim Reynolds of the Associated Press reports. (Other reports say Bosh has yet to opt out, according to his agent, which is the same one as Wade and Udonis Haslem. Hard to see Bosh not opting out at this point, hard to see him being the one to blow up the Heat.)
While in theory they all have the right to leave Miami (free agency opens July 1), this move really makes it more likely that all three members of Miami’s “big three” — the ones that have led them to four straight NBA Finals and two titles in that span — will return together. Teams that have called trying to set up meetings after July 1 with LeBron have been rebuffed. It was expected that all three of Miami’s stars would opt out and take pay cuts per year on new, longer deals. Haslem also opted out of the last year of his deal, as did Chris Andersen.
However, LeBron may seek an actual max deal or close to it, reports Adrian Wojnarowski of Yahoo Sports.
While Bosh, Wade and Haslem could ultimately take less money with the early termination outs in their deals, James, the NBA’s four-time MVP, is seeking a full maximum contract extension – or something close to it – to stay with Miami, sources told Yahoo Sports. James is eligible to sign a five-year, $130 million extension with the Heat.
We will see if that pans out to be true, the idea of them all taking $15 million a year on five-year, $75 million deals has been floated. LeBron is certainly by far the best player on the Heat and the key to all their success, but he’s also the one most able to take a salary cut because his off the court income dwarfs his actual salary. If he goes for a max it will put a lot of pressure on Wade and Bosh to take much less.
Whatever happens it is very likely that Riley will have room under the salary cap to add players. While Wade’s knee issues are causing a deterioration in his game, Riley has said from the start that he wants Wade to be a member of the Heat for lift — he wants to bring him back.
Riley on Wade: "We hope he remains a part of the Heat family for life."—
Tim Reynolds (@ByTimReynolds) June 28, 2014
Had all three Heat stars had opted in, each owed about $20 million next season, combined with Norris Cole‘s contract, the Heat would have been at the salary cap and Riley would have had no room to maneuver. With something like the proposal above where each takes $15 million Riley would be roughly $15 million under the cap to go chase name free agents.
Kyle Lowry’s name has come up. The Heat could go after big men such as Pau Gasol or Marcin Gortat, both of whom would fit their system well. Depends on how much cash the Riley has to play with and the costs for those players. Carmelo Anthony does not plan to meet with Miami at this time.
However it shakes out, it is unlikely that Miami’s big three is breaking up any time soon.
Jul 25, 2014, 3:05 PM EDT
George Karl is a better coach than Byron Scott
Jul 25, 2014, 2:22 PM EDT
Finally. Job has been vacant since April 30.
Jul 25, 2014, 1:44 PM EDT
Knicks’ record last season: 37-45
Melo’s contract value: $124,064,681
Jul 25, 2014, 1:11 PM EDT
Bulls also must make room for Nikola Mirotic in frontcourt
Jul 25, 2014, 12:30 PM EDT
Dirk Nowitzki presents a big strike zone.
Jul 25, 2014, 11:51 AM EDT
Former Bull and Piston sat out last season
Jul 25, 2014, 11:11 AM EDT
New TV deal expected to drastically increase revenue
Jul 25, 2014, 10:33 AM EDT
Not a Cleveland Cavaliers beat reporter. A LeBron James beat reporter.
Jul 25, 2014, 9:55 AM EDT
Rookie big man has been mentioned in Kevin Love trade rumors
Jul 25, 2014, 9:22 AM EDT
Timberwolves reportedly come to their senses, prefer Andrew Wiggins to Klay Thompson
Jul 25, 2014, 8:46 AM EDT
Francisco Garcia opted out of a veteran minimum deal, he will re-sign for a veteran minimum deal.
Chris Paul on boycott if Sterling is still owner: “That’s something me and Doc are both talking about”
Jul 25, 2014, 8:00 AM EDT
It benefits CP3, the president of the players’ union, to talk tough on this issue.
Jul 25, 2014, 12:01 AM EDT
Bonner is one of a few Spurs teammates taking the trophy on tour this summer.
Jul 24, 2014, 11:00 PM EDT
Sixers continue their plan of seeking out delayed gratification.
Agency that reps Ray Allen says reports he intends to play for Cavaliers are ‘unfounded,’ no decision has been made
Jul 24, 2014, 9:45 PM EDT
Despite reports that Allen was on the verge of signing with Cleveland, nothing has been decided just yet.
Jul 24, 2014, 8:44 PM EDT
Blake Griffin joins Kawhi Leonard and LaMarcus Aldridge as players who are passing on Team USA this summer.
Jul 24, 2014, 7:18 PM EDT
Team USA is bringing Kyrie Irving, Stephen Curry, Damian Lillard, Derrick Rose and John Wall to camp. And that’s just at the point guard spot.
Jul 24, 2014, 6:30 PM EDT
The NBPA is up to something here
It’s official: Jameer Nelson signs with Mavericks, says: “I’m just preparing myself to make open shots.”
Jul 24, 2014, 5:49 PM EDT
Another solid signing for a Mavs team that has had a good offseason.
- Report: Lakers finally offer coaching position to Byron Scott, deal expected soon 8
- Report: Cavaliers leading Kevin Love-trade sweepstakes 32
- Chris Paul on boycott if Sterling is still owner: “That’s something me and Doc are both talking about” 25
- Players union approves of Thunder’s Josh Huestis arrangement 14
- Cavaliers officially sign Andrew Wiggins, putting 30-day hold on him being traded 52
- Lakers deny rumor they are waiting around for Doc Rivers to be coach 61
- James Harden: “Dwight and I are the cornerstones of the Rockets. The rest of the guys are role players.” 91
- Mavericks signing Al-Farouq Aminu to two-year, minimum salary contract 12