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.
Agent Henry Thomas, on report clients Bosh & Wade will take $12M/per & $11M/per, respectively: "all the BS you are reading is just that."—
David Aldridge (@daldridgetnt) July 01, 2014
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.
LeBron James wants short term (1-2 year deal) at max money contract w Heat, source close to negotiation tells me.—
John Canzano (@johncanzanobft) July 01, 2014
Chris Bosh’s 5-year deal with Miami expected to start at $11 million in year 1. Dwyane Wade will sign four years, $12 million in year 1—
John Canzano (@johncanzanobft) July 01, 2014
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.
Aug 22, 2014, 10:35 AM EDT
The Greek freak is going to be so much fun to watch at the world Cup.
Aug 22, 2014, 10:00 AM EDT
The hopes of the Finnish nation are crushed…. if they even noticed.
Aug 22, 2014, 9:15 AM EDT
Stiviano claims Sterling paid her to act as his beard
Aug 22, 2014, 8:44 AM EDT
Energy is a skill.
Aug 22, 2014, 8:00 AM EDT
James, on one-year minimum-salary contract, will have right to veto trades
Aug 22, 2014, 12:59 AM EDT
This had been expected.
Aug 21, 2014, 8:59 PM EDT
Knicks finally considering the importance of developing young talent for the future.
Aug 21, 2014, 7:31 PM EDT
Wiggins too, while guys like Alexey Shved will be sent to the Sixers.
Aug 21, 2014, 6:12 PM EDT
Gone are the days when Shaq would have used this as an opportunity to take a shot at Kobe.
Aug 21, 2014, 5:02 PM EDT
Why give up assets now, when either player could be signed outright as an unrestricted free agent next summer?
Aug 21, 2014, 3:59 PM EDT
Stephen Curry: “We’re still taking applications.”
Aug 21, 2014, 3:04 PM EDT
He denied this yesterday.
Aug 21, 2014, 1:59 PM EDT
Video of Durant telling this humorous story.
Aug 21, 2014, 1:08 PM EDT
Silver says it’s ultimately the individual athlete’s personal choice.
Aug 21, 2014, 12:10 PM EDT
Being Jeremy Lin’s parent must be an interesting experience. What do you say to him to correct him.
Aug 21, 2014, 11:30 AM EDT
It’s a great move, one Irving pulls off almost ever game.
Aug 21, 2014, 10:45 AM EDT
Patience is the right play here. And patience is never popular with any fan base.
Aug 21, 2014, 10:15 AM EDT
Coming back off foot surgery, this is a good thing.
Aug 21, 2014, 9:45 AM EDT
Blatt can coach, but if it takes a season for the Cavaliers to find their identity (as it did with LeBron in Miami) will he get the chance to stick around for it?
Aug 21, 2014, 9:16 AM EDT
If you’re now rebuilding in Minnesota, why trade Bennett?
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