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.
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.
Sep 16, 2014, 12:30 AM EDT
You won’t see this for the Americans’ gold medal
Sep 15, 2014, 11:40 PM EDT
Forward from St. John’s went undrafted
Sep 15, 2014, 10:40 PM EDT
New details about incident in which he allegedly punched ex-girlfriend in the face
Sep 15, 2014, 9:45 PM EDT
Amundson’s best days are behind him, but maybe he can find a niche in Cleveland
Sep 15, 2014, 8:48 PM EDT
Who else was Lionel Hollins going to start?
Sep 15, 2014, 7:55 PM EDT
Washington building up competition for open 15th spot
Sep 15, 2014, 6:59 PM EDT
Some team will pick him up. Eventually.
Sep 15, 2014, 5:59 PM EDT
KD is an Iverson fan.
Sep 15, 2014, 5:10 PM EDT
Silas appears to have real chance of making the team
Sep 15, 2014, 4:26 PM EDT
Derrick Rose stayed healthy but never shook the rust fully off his shot.
Sep 15, 2014, 3:35 PM EDT
Soccer already has the right model, it’s just going to be hard to get FIBA on board.
Sep 15, 2014, 2:50 PM EDT
D-League is ripe for expansion
Sep 15, 2014, 2:04 PM EDT
Harris unsure whether Orlando will let him hit restricted free agency
Sep 15, 2014, 1:25 PM EDT
Blake Griffin has done some brilliant marketing campaigns.
Sep 15, 2014, 12:48 PM EDT
Liz shot 49 percent on 3-points in World Cup
Sep 15, 2014, 12:08 PM EDT
Dolan said he’s let Phil Jackson run the team, and Jackson affirms Dolan has so far
Sep 15, 2014, 11:24 AM EDT
Duke coach benefits big time in recruiting from World Cup, Olympic coaching
Sep 15, 2014, 10:22 AM EDT
And so it begins.
Sep 15, 2014, 9:43 AM EDT
When do scouts cross a line?
Sep 15, 2014, 9:00 AM EDT
Chalmers thought Heat wouldn’t re-sign him after disastrous NBA Finals
- Report: Greg Oden’s drinking an issue during season, alleged domestic assault 8
- Kevin Durant calls Allen Iverson “pound for pound” best ever 19
- PBT Extra: What players looked good at World Cup? 4
- Time for FIBA/NBA to adopt soccer model: Only one major tournament every four years 16
- ProBasketballTalk 2014-15 Preview: Brooklyn Nets 3
- Five lessons learned from the FIBA World Cup 10
- USA celebrates gold medal with lots of dancing (except Derrick Rose) 12
- Too much World Cup MVP Kyrie Irving for Serbia to handle as USA wins gold easily 129-92 30