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Report: LeBron wants 1-2 year deal at max; Bosh five years starting at $11 million, Wade four-years starting at $12 million; agent denies

Jul 1, 2014, 5:01 PM EST

UPDATE 5:01 pm: As you might expect, the CAA agent for Bosh and Wade doesn’t like the suggestions his players would take a massive pay cut. He denies it.

Everybody is likely spinning a little here. You can be sure that Miami’s “big three” gave Pat Riley some kind of salary framework for him to have an idea what he could spend in free agency. The numbers below may or may not be exactly accurate, but if they are not close Riley is not going to have his hands free to upgrade the roster in the way LeBron (and Heat fans) want.

It also is possible that this is the lowest the Heat players go and if Riley doesn’t use all that money Bosh and Wade will soak it up.

3:40 pm: LeBron James does not want to take the pressure off Pat Riley and Miami Heat management — not this summer, not when it’s over. However, Chris Bosh and Dwyane Wade are making the sacrifices to both give LeBron his cash and give Heat president Pat Riley room to maneuver.

We knew LeBron, Bosh and Wade presented their plans to Riley, providing a financial framework of what he would have to spend.

Now we have an idea what that is that is, thanks to John Canzano of the Oregonian.

That’s some big per-year sacrifices from Wade and Bosh, both of whom could have made $10 million more a year for the next two years (but do get more guaranteed money in the long run). Zach Lowe of Grantland said he heard flopped numbers — Wade $12 million to start, Bosh $10 million to start — but it seems in the same ballpark.

[MORE: The Top 50 free agents for summer of 2014]

If this report is accurate what does that mean for Riley? What can he spend?

He has $12,918,609 in cap room below the projected cap of $63.2 million to spend, according to PBT’s own Dan Feldman who ran the numbers.

That accounts for LeBron at his max ($20.7 million, although he may take a little less), Wade at $12 million, Bosh at $11 million, Norris Cole who is on the books already, the rookie contract for Shabazz Napier and seven minimum-salary cap holds.

Riley could use all or almost all of that to go after one big player — Kyle Lowry or Luol Deng, although neither is willing to take a discout to come to South Beach — or he could divide it up into two or three players at and try and fill a few needs with quality players. After using up that cap space Miami would still have a $2,732,000 exception, which could be useful for Udonis Haslem (it can only be a two-year deal but Haslem isn’t playing longer than that anyway). After that it is all minimum contracts.

The ball is in Pat Riley’s court — he got a healthy chunk of cap space thanks to player sacrifices. Now he has to do something with it.

143 Comments (Feed for Comments)
  1. braddavery - Jul 1, 2014 at 6:12 PM

    It’s pretty insane that LeBron won’t take a pay cut to help his team, but he seems perfectly fine with his teammates doing it.

    • paleihe - Jul 1, 2014 at 6:20 PM

      It’s also pretty insane that you expect the best player in the world, the one that completely carried his team, to take a pay cut.

      • braddavery - Jul 1, 2014 at 6:21 PM

        I don’t expect it. I pointed out the irony of him accepting his teammates to do something he seems unwilling to do.

      • paleihe - Jul 1, 2014 at 6:35 PM

        He should be unwilling to because he’s worthy of the max. They aren’t worth the money they’re demanding. The Heat are simply trying to appease Wade/Bosh. Wade definitely doesn’t deserve 12 million. If he gets it, it’s because of past performance, not expectations of the future.

      • braddavery - Jul 1, 2014 at 6:41 PM

        You should ask your co-workers if they will accept less money in their paychecks so you can make more, because you are better at your job than they are. I’m not arguing that LeBron isn’t worth every penny he makes. I’m arguing that he seems willing to let his teammates, his friends, make less than they can get, while he makes what he can get. If it was truly about winning, he would do what his teammates are doing and accept less, for the good of the team, but it’s not about winning, is it.

      • k3nn3k - Jul 1, 2014 at 6:53 PM

        @brad – you forget there are 2 aspects to this…willingness for the team AND production. If I worked in an office and I did 60% of the work while my 2 co-workers did 40% combined then they should make less.

        Its unfair criticism on your part because he has already taken less for the good of the team. He’s already done that…as a matter of fact, he has been the best player in the WORLD for years now and he has never been the highest paid player on any team he has been on. Does that make sense?

        He is not unwilling to do it, he has already shown us he will do it, multiple times.

      • paleihe - Jul 1, 2014 at 6:55 PM

        Ask yourself this, does a player that averaged 14 pts and 5 rebounds in the finals deserve an 11 million salary?

        How about someone averaging 15 pts and 4 rebounds? Should they get 12 million?

        You’re right, it’s not all about winning. If it was, LeBron would either leave Miami, or make them drop Bosh and Wade. It’s more nuanced than simply being about winning, or simply being about money.

        By the way, you can’t compare a regular employee to an athlete that’s the absolute, unquestioned, best in the world at his profession.

      • braddavery - Jul 1, 2014 at 6:59 PM

        This is about this situation right now. Bringing up the past is meaningless. If LeBron is cool with his teammates/friends taking pay CUTS, while he reaps the rewards of their pay CUTS, that, to me, is BS. Seems like Wade and Bosh are team guys while LeBron is a LeBron guy. They can make $5 million+ more on another team or on a Heat team without LeBron, but they should take less because why, Wade had a down playoffs and Bosh is Bosh? Give me a break. If winning is what their intentions is, it shouldn’t JUST be Wade and Bosh taking pay cuts for the good of the 2014-15 and 2015-16 Heat seasons, it should be the guy also raking in $50+ million a year in endorsement deals too. But as everyone knows, it’s ALL about LeBron now.

      • paleihe - Jul 1, 2014 at 7:11 PM

        The reason they, and not he, should take a pay cut, is because they aren’t as good. They all took a pay cut four years ago to get together, because the workload was going to be divided by three.

        Since he’s the workhorse, just like he was in Cleveland, why should he take a pay cut? They’re the ones that aren’t producing, so they should be paid accordingly, which is by taking less money.

        Wade won’t get 12 million from any team. For Bosh, it’s still possible. However, if he wants to play for the Heat, since he’s extremely disposable, he should take a pay cut.

    • zoomy123 - Jul 1, 2014 at 7:34 PM

      You sound like a child right now. First you claim that Lebron isn’t willing to sacrifice for the team but when you’re presented with obvious evidence that refutes your claims you say it’s “in the past” and it doesn’t matter. So, let me put this in terms you can understand: When you were a child and you sat at the dinner table, everybody knows why dad gets the biggest piece of chicken or the biggest steak. Similarly, everybody at the table knows why Lebron is getting the biggest piece of the pie. End of story.

      • braddavery - Jul 1, 2014 at 7:37 PM

        Your dad must be a real selfish jerk if he ate at the expense of your hunger while preaching family values.

      • justtoldya - Jul 1, 2014 at 8:53 PM

        This brad guy just doesn’t get it.

    • cristren - Jul 1, 2014 at 7:39 PM

      LeBron, took a huge pay cut when he left Cleveland, and decided to come to Miami, every NBA team in the league was willing to pay BIG bucks to sign LeBron. LeBron, lead the Heat to 4 straight playoffs, 4 straight finals, and back to back championships, he’s a 4 X”s MVP player, a 2 X’s Gold medalist, a 2 X’s Bronze medalist winner, among other accomplishments, their are athletes, that haven’t accomplished half the things that LeBron has, but, yet, they are making twice the money he’s making, LeBron, is 29 years old, and it’s about time, that he gets paid the maximum. What’s insane, is that people are trying to make LeBron, out to be some greedy, evil person, because, he’s asking for more money, if people, could walk in LeBrons shoes, they would be asking for a bigger salary themselves, only a fool, would continue to work for less money, when they have the opportunity to make more money!

      • braddavery - Jul 1, 2014 at 7:42 PM

        So you are saying Wade and Bosh are fools.

      • k3nn3k - Jul 1, 2014 at 8:41 PM

        @brad – there you go twisting words. He isn’t saying Wade and Bosh are fools…he is saying that if you are the BEST, you would be a fool to settle. Wade and Bosh are not the best, there is only one “the best” and Wade and Bosh want to play with him, hence they are taking less than he is.

      • k3nn3k - Jul 1, 2014 at 8:45 PM

        @brad – by the way…have you seen the length of term Bosh and Wade are getting compared to Lebron? They aren’t getting that much less if at all, it’s just structured differently to free up cap space for now.

    • justtoldya - Jul 1, 2014 at 8:47 PM

      Unwilling? Didn’t he take a payout for the team on his previous contract already.

    • sfchoosier - Jul 2, 2014 at 8:03 AM

      Not a Lebron fan, but if anyone deserves top money it is him. How can any reasonable person expect Wade and Bosh to live on 12M a year ? My heart goes out to them.

    • tonybot3 - Jul 3, 2014 at 6:34 PM

      The Heat are not LeBron’s team… For that matter, neither is it the team of Wade and Bosh…. They all opted out, remember? Its a fallacy for you presume that LeBron cares what Wade and Bosh do or don’t do, as it relates to the Heat.

      The pressure is on Heat to make it work, not on LeBron to make it work. He can walk to open arms to literally any team in the league.

  2. shipdog7 - Jul 1, 2014 at 6:33 PM

    How absurd! How can you expect players of today to not look out for their families future.
    No one can tell if a couple million dollars more would hold them over in a time of need.

  3. braddavery - Jul 1, 2014 at 6:50 PM

    If I were Bosh, who seems like a cool, level-headed dude, I would get out of that dumpster fire. If Gasol leaves the Lakers, maybe they are a good fit for Bosh. He’s knows LeBron will be gone in a year or two, so why waste 5 more years there. Go to a team with future potential or with a rich history of putting good teams on the court.

    • jcmeyer10 - Jul 1, 2014 at 6:57 PM

      I have a feeling they are asking for opt outs if LeBron gets two years and Riley will be tough to budge.

    • k3nn3k - Jul 1, 2014 at 8:53 PM

      @brad- weren’t you the one that just said what happened in the past doesn’t matter? Who cares about the rich history of the Lakers? Why would Bosh leave a winning team with the best player for at least two more years so he can join a D-league Lakers team with the former best player for 1 more year? Sounds like you sir are a Lakers homer and that would be a HORRIBLE move for Bosh.

      Bosh should stay in Miami if Lebron stays to collect his check for 5 years and win more titles. If he thinks he is going to retire after 2 years, then he should join another team for a max contract which he will have the option in picking and still potentially be in contention to win a championship. Call this a stretch, but I seriously DOUBT the Lakers would be at the top of that list.

    • bdazzler00 - Jul 1, 2014 at 9:10 PM

      dumpster fire??? have you been watching the last 4 years?

      why waste 5 more years?? as if 4 straight championship appearances was a waste of time?

      are you the same guy as the reporter from oregon who broke this farce of a story?

      Lebron is waiting to see who Riley lines up and whether or not micky arison is willing to sacrifice some of his own money to dip into the luxury tax, if he is, then Lebron will be willing to sign a long term deal for less than the max.

      P.S. the Lakers aren’t a good fit for ANYBODY as long as Kobe is there hogging both the ball and the money.

    • ghelton03 - Jul 1, 2014 at 10:20 PM

      I feel for Bosh. He has done his job and been underpaid. If I were Bosh, I would NOT have opted out. I would have let James and Wade figure out how much more LBJ gets and how much less Wade gets.

      • naterich21 - Jul 1, 2014 at 10:33 PM

        $20 million last year for what he did was underpaid?! Now that’s a joke

      • grndizzle - Jul 2, 2014 at 11:43 AM

        A 7 footer grabbing 5 rebounds a game in the finals is underpaid?
        What series were you watching?

  4. kb2408 - Jul 1, 2014 at 6:54 PM

    All this comparing Kobe and Wade is pointless…there is no comparison. Just about every All-Time list has Kobe ranked as the 2nd best shooting guard ever. Wade is not even in the top 3, unless you ask Mark Jackson.

    • sportsfan18 - Jul 1, 2014 at 7:26 PM

      uh, personally, I’m NOT comparing them…

      Kobe IS better overall and the #2 shooting guard behind the GOAT

      D Wade is further down.

      No comparison.

      BUT, in terms of putting the ball through the basket efficiently, D Wade IS MORE efficient than Kobe.

      That does not mean Kobe isn’t the better overall player because he is.

      One does not preclude the other…

    • justtoldya - Jul 1, 2014 at 8:59 PM

      I agree with you, in my ranking Kobe is above wade. However I think Lebron will be rated and is better then Kobe in the all time greatest list (not just sg list). Kobe has better range then Lebron, but Lebron does just about everything else better then Kobe, he’s also a better teammate. Players, even star players want to team up with Lebron, while that has never been the case for Kobe.

      • sportsfan18 - Jul 1, 2014 at 11:48 PM

        LBJ career 3 pt shooting percentage .341%

        And improving like his overall shooting is.

        LJB’s last 3 seasons for 3 pt shooting… .362%, .460% and .379% this season… all helping his career 3 pt shooting percentage.

        Kobe’s career 3 pt shooting percentage .335%

        I think LBJ will be considered a better long range shooter than Kobe when he’s done… he already hits a higher percentage of them than Kobe does and LBJ’s percentage will go up for several more seasons…

      • justtoldya - Jul 2, 2014 at 4:39 AM

        Regardless it seem true that Lebron is better then Kobe. When comparing wade and Kobe, Kobe defendrs come out and talk about how Kobe is better. When saying Lebron is better then Kobe, you don’t hear them say anything but thumbs down on the comment.

      • sportsfan18 - Jul 2, 2014 at 7:40 AM

        justtoldya

        1) MJ

        lots and lots of space… then

        LBJ

        many many more miles of space… then

        Kobe

        several hundred more miles of space… then

        Melo

  5. peralez2383 - Jul 1, 2014 at 7:03 PM

    Can’t wait for the cHeat bandwagoners to burn their LeWank jerseys

    • gofinsgoheatfloria - Jul 1, 2014 at 7:30 PM

      If LeBron and the Heat can’t work it out from this point, we may sink miniature Carnival ships in our bathtubs, but LeBron jerseys will be safe.

  6. seasickcecil - Jul 1, 2014 at 7:15 PM

    This crap has been shot down by the agents. I’m watching a draft special on ESPN and they are saying that this has been shot down by 3 different sources. Bosh and Wade are not going that low.

  7. muathjam21 - Jul 1, 2014 at 7:18 PM

    Ugh, ffs. Does this mean we’re gonna have to go through this AGAIN in another couple of years?

    Seriously, LeBron, just stop it.

  8. seasickcecil - Jul 1, 2014 at 7:21 PM

    Lard head better hope that Melo doesn’t go to the Bulls because if that happens the cheat are over.

  9. papichulo55 - Jul 1, 2014 at 7:30 PM

    It looks like LBJ is challenging the Heat Owners to re-invest in the team, via the Luxury Tax. Teams can sign their own FAs as Salary Cap Exceptions. I think the idea is to sign new talent first, then sign Bosh, Wade and LBJ, which would create a Luxury Tax that, up until now, has been tightly managed. Arison is worth $6 Billion! Why can’t Arison flip some of that money he has made in the last 4 years back into the team? LBJ is not asking for the $91 Million Tax bill of the Nets. Just enough to put the team back on track.

    • gofinsgoheatfloria - Jul 1, 2014 at 7:45 PM

      The first day of free agency is a bit early to be sure that Arison won’t do exactly that, especially given Riley’s recent public comments.

  10. kamauthabiti - Jul 1, 2014 at 7:46 PM

    these guessers know about as much concerning the future of this club as that little boy graduating from Kindergarten last week.

    • 6stn - Jul 2, 2014 at 8:24 AM

      Graduating from kindergarten: A true “One-and-Done.”

  11. AZ Dem - Jul 1, 2014 at 7:51 PM

    If I were Riley, I’d tell LeBron, “no deal.”

    If LeBron wants Riley and the Heat to commit to him, it’s got to be reciprocal.

    This 1-2 year contract thing does not allow Riley to do any long term planning.

    If LeBron doesn’t sign up for at least 4 years, Riley should tell all of them “no deal.” Then Riley can start from scratch.

    Melo would be a good start. If for no other reason it would prevent PHX from getting both LeBron and Melo. (PHX is the only team with the cap space to sign both, and they are putting full court pressure on both.)

    • tonybot3 - Jul 3, 2014 at 6:31 PM

      what a joke…. Riley does not have any leverage. LeBron doesn’t care if Riley wants to deal or no deal…. LeBron can go to absolutely any team in the league.

  12. ernwop64 - Jul 1, 2014 at 8:10 PM

    I believe that’s fair for Bosh and Wade.I hate the fact that every one has to sacrifice for King James.They win 2 championships King James did all solo they loose one now he needs help.How about Spurs are better and should have won last year.He is a great player but not untouchable ,he can be beat.

    • cwilson6843 - Jul 2, 2014 at 1:07 AM

      Umm don’t you think they lost because LeBron needed some help? That’s pretty much why the spurs were the better team… because only LeBron could find the bottom of the net

  13. twinfan24 - Jul 1, 2014 at 8:26 PM

    I understand that LeBron is absolutely worth the max. He is arguably the best player, and even those that wouldn’t put him first would have him in the top 2 or 3. But, he makes an estimated $50 million or more per year in endorsements. He does not NEED the max contract. If this was TRULY all about winning, why wouldn’t he take $12 million, and talk Bosh and Wade into something like $10 and $7 million, respectively. Then, they could actually add one or two players that would make a difference. It seems LeBron just needs to make a max contract so he can say he made the max.

    By the way, any of you trying to compare the salary situations of those three players to a regular working person are just ridiculous. There isn’t a comparison. Quit trying to say, “Well, you wouldn’t take a pay cut at your job, so why should they?” They are still set to make millions even with a pay cut, so any comparisons are ludicrous.

  14. jimhudson78666 - Jul 1, 2014 at 9:33 PM

    Wade is washed up, not worth it! (See Finals vs Spurs) Bosh is soft, also not worth the long term money! Heat need a Point Guard, a Big Shot Blocker Rebounder and a Gunner that can come in shooting off the bench! (Ray Allen? See comments re Wade and Bosh)! Say Goodnight Gracie, the Parties over! NJ is still thecKing! (You could look it up!)

  15. realfootballfan - Jul 1, 2014 at 9:38 PM

    The guy who used to be a sideline reporter on ESPN is their agent? Is it the same guy?

  16. JT - Jul 1, 2014 at 9:49 PM

    Lowry and. Deng will command 8-12 mill a year .. The Heat can’t afford them unless. Wade and Bosh are taking bigger cuts than we know and I don’t see that..

    http://thefrontofficenews.com

  17. redskins21lakers24 - Jul 1, 2014 at 9:57 PM

    lebron deserves every dollar. wade and bosh would go far into the playoffs if it wasn’t for lebron and they also wouldn’t have 2 rings if it was for lebro wades knees are tarnished and bosh wants to play like a 2 guard who doesn’t rebound the ball yet bosh has been clutch, more clutch then wade, wade is on a major decline.

  18. ghelton03 - Jul 1, 2014 at 10:15 PM

    Wade is a liability. Can’t elevate, can’t run, has lost his explosiveness and could never shoot from the outside. LBJ should be the highest paid player in the NBA. Bosh is a much better player when he is the #2 option (Wade not on the floor). If the Heat are really going to make a move, Wade needs to take a HUGE pay cut. Heat need to start thinking about how they can bring Wade in off the bench. Wade’s contract should be similar to Ray Allen’s. Wade’s career is almost over. He will be out of the league in the next two years.

  19. rgledz - Jul 2, 2014 at 1:56 AM

    Just another reason why the NBA sucks a$$. What a clown show.

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