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 EDT
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.
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.
May 24, 2015, 11:00 PM EDT
He’s not wrong.
May 24, 2015, 9:46 PM EDT
A trend is becoming clear: Do not mess with Dellavedova.
May 24, 2015, 9:30 PM EDT
The question really is now much do you value the three?
May 24, 2015, 8:05 PM EDT
Matthew Dellavedova will start for the Cavaliers.
May 24, 2015, 6:30 PM EDT
The Lakers will be picking second in next month’s draft.
Report: Heat still considered the frontrunners to re-sign Goran Dragic, but he wants them to play faster
May 24, 2015, 5:00 PM EDT
Dragic can become a free agent this summer.
May 24, 2015, 3:30 PM EDT
The rapper wants Harden to apologize for stealing his dance.
May 24, 2015, 2:00 PM EDT
Korver suffered an ankle injury in Game 2.
May 24, 2015, 12:30 PM EDT
Cleveland has put in a bid for the 2018 event.
May 24, 2015, 11:00 AM EDT
Curry not only dropped 40, but he was talking back to the fans in Houston.
May 24, 2015, 9:30 AM EDT
Depending on what happens with the first two picks, Philadelphia could fill both requirements.
May 24, 2015, 8:00 AM EDT
If one play can sum up a game, this was it.
May 24, 2015, 12:57 AM EDT
There’s seemingly no solving Golden State’s dominant defense
May 24, 2015, 12:07 AM EDT
Houston has played well and valiantly this postseason, but the Warriors are simply better.
May 23, 2015, 10:32 PM EDT
He did it in nine fewer games than Miller.
May 23, 2015, 9:00 PM EDT
Great stuff from the game’s best player.
May 23, 2015, 7:30 PM EDT
Ross, and the Raptors, had a disappointing season.
May 23, 2015, 6:00 PM EDT
He certainly is one of the greatest ball handlers of all time.
Lakers GM: If free agents don’t choose L.A. because of Kobe Bryant, ‘we don’t want them. You should go someplace else.’
May 23, 2015, 4:30 PM EDT
Lakers need a strong-willed star to carry them into their next era of greatness.
May 23, 2015, 3:16 PM EDT
I’d say this puts the Hawks in a difficult spot, but they already were in one.
- Kyrie Irving out for Game 3 for Cavaliers with knee tendonitis 3
- Lil B says James Harden is officially under the Based God’s curse 26
- Warriors don’t live by 3, die by 3. They live by defense, live by defense 9
- Stephen Curry drops 40, Warriors rout Rockets by 35 to take 3-0 series lead 27
- Hawks Kyle Korver out for remainder of playoffs with high ankle sprain 17
- Report: Scott Skiles in lead to become next Orlando coach 17
- Report: Jeff Van Gundy candidate for Pelicans’ coaching job 16
- Cavs’ improved defense deserves credit for commanding 2-0 Eastern Conference Finals lead 36