Jun 29, 2014, 9:30 AM EDT
UPDATE 5:20 p.m.: Bosh has indeed opted out as expected.
9:30 a.m.: Pat Riley’s master plan to retool the Miami Heat after they were crushed by the Spurs in the NBA Finals seems to be coming together, even if it’s happening a bit more slowly than expected.
LeBron James wasted no time in opting out of the remaining two years on his deal to become an unrestricted free agent, but it’s likely he isn’t going anywhere, and only did so to gain a longer-term contract for more guaranteed dollars, and potentially take less money in the short-term in order to help the team gain flexibility to add talent to the roster.
Dwyane Wade opted out of the final two years and $42 million he was owed on Saturday, in a similar move that will allow the Heat to pay him more in total on a new deal, but less per year to gain more room to maneuver under the salary cap.
Chris Bosh hasn’t done the same just yet, but is expected to acquiesce before Monday’s deadline.
[Bosh’s agent Henry Thomas], meanwhile, said Bosh has not decided on whether to opt out, but sources told ESPN The Magazine’s Chris Broussard that the All-Star big man will indeed follow suit and choose free agency by Monday’s midnight ET deadline. …
Bosh will head into free agency willing to accept a pay cut from the $20 million he was owed next year, sources said.
Again, this is all part of the plan — one that apparently didn’t take too much convincing.
The Heat have been to the Finals four straight years, which is every season that James, Wade and Bosh have been together in Miami. They ran into a buzz saw in San Antonio, but there’s not a ton that needs fixing here, and the team’s three stars seem to realize that.
Miami will have salary cap money to use by the time all is said and done. In addition to the three stars opting out to restructure their deals, Udonis Haslem has done the same, and the team is looking to unload $2 million more in salary by attempting to deal Norris Cole, who is somewhat expendable now that the Heat were able to trade for Shabazz Napier on draft night.
Needless to say, it’ll be extremely interesting to see how they end up spending it.
Jul 2, 2015, 9:06 AM EDT
Kim Hughes: ‘I’m sure he won’t come back’
Jul 2, 2015, 8:34 AM EDT
There are still some very good players on the board
Jul 2, 2015, 8:02 AM EDT
This is a good deal for both sides.
Jul 2, 2015, 1:11 AM EDT
If he does, will Miami trade Mario Chalmers and/or Shabazz Napier?
Jul 2, 2015, 12:01 AM EDT
Good value for Boston
Jul 1, 2015, 11:27 PM EDT
The Warriors are keeping the band together — and they will be at the top of the West for a while.
Jul 1, 2015, 11:27 PM EDT
Philadelphia takes Jason Thompson, Carl Landry from Sacramento
Jul 1, 2015, 11:04 PM EDT
Asik will take some pressure off Anthony Davis
Jul 1, 2015, 9:57 PM EDT
Neither are the Pacers
Jul 1, 2015, 9:00 PM EDT
Not a good idea
Jul 1, 2015, 7:53 PM EDT
The Brad Stevens Effect
Jul 1, 2015, 7:40 PM EDT
Cleveland continues to soar over luxury-tax lines
Jul 1, 2015, 7:34 PM EDT
Would Paul Pierce agree to this if DeAndre Jordan were leaving town?
Jul 1, 2015, 7:07 PM EDT
Millsap had been flirting with Orlando but chose a shorter deal in Atlanta.
Jul 1, 2015, 7:04 PM EDT
Will Wright back up or replace Marc Gasol?
Jul 1, 2015, 6:43 PM EDT
Will that be enough to get Aldridge back to Portland?
Jul 1, 2015, 6:31 PM EDT
He is using this to leverage the Cavaliers, but the door is open.
Jul 1, 2015, 6:07 PM EDT
This is a contract the Thunder can live with or move, depending.
Jul 1, 2015, 4:51 PM EDT
Even if another team signs him to an offer sheet, the Warriors will just match it.
Jul 1, 2015, 4:47 PM EDT
Aldridge and Kobe Bryant didn’t quite click in their meeting.
- Trail Blazers assistant coach: ‘We didn’t publicize it, but we lost LaMarcus Aldridge’ 0
- Who is left on the board after wild first day of NBA free agency? 2
- Report: Warriors, Draymond Green agree to five-year, $85 million deal 17
- 76ers get Nik Stauskas, first-rounder in salary-dump trade with Kings 45
- Report: Pelicans finalizing deal with Omer Asik 3
- Reports: Paul Pierce agrees to three-year, $10 million contract with Los Angeles Clippers 23
- Report: LaMarcus Aldridge rules out Lakers in free agent decision 108
- Reports: Phoenix Suns sign Tyson Chandler, re-sign Brandon Knight, try to reshape roster 14