Salary Cap Snapshot: Miami Heat

With the free agent signing period winding down and teams looking ahead to the preseason, we at Hoops Rumors will be tracking the Salary Cap figures for each team around the league.  These posts will be maintained throughout the season once financial data is reported. They will be located on the sidebar throughout the year, once all the teams’ cap figures have been relayed. The next franchise we’ll be looking at are the Miami Heat, who currently are well over the league’s salary cap of $94,143,000 for the 2016/17 season. You can always check RosterResource.com for up-to-date rosters for each franchise, with the Heat’s team page accessible here.

Here’s a breakdown of where the Heat currently stand financially:


Guaranteed Salary

Total Guaranteed Salary= $101,916,133


Non-Guaranteed Salary

  • Briante Weber —$655,977 [If on the roster for the first game of season, salary guarantee increases to $437,319]
  • Stefan Jankovic —$443,471 [Salary becomes fully guaranteed on January 10th, 2017]
  • Okaro White —$443,471 [If on the roster for the first game of season, salary guarantee increases to $225,000]
  • Rodney McGruder —$393,471 [If on the roster for the first game of season, salary guarantee increases to $300,000]

Total Non-Guaranteed Salary= $1,936,390


Eligible for Rookie Scale Extensions: None


Cash Sent Out Via Trade:  $0 [Amount Remaining $3.5MM]

Cash Received Via Trade: TBD sent an undisclosed amount to Pelicans in Luke Babbitt trade [Amount Remaining $3.5MM]


Payroll Exceptions Available


Total Projected Payroll: $103,852,523

Salary Cap: $94,143,000

Estimated Available Cap Space: $9,709,523

Luxury Tax Threshold: $113,287,000

Amount Below Luxury Tax: $9,434,477

The Basketball Insiders salary pages were used in the creation of this post.

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