JULY 14th, 5:05pm: The Heat have made the announcement that the deal is now official. Of the signing, Pat Riley said (Twitter links), “We felt from day one that he was one of our main targets. We are delighted that this multi-faceted player will help us immensely in being the kind of team that Coach Spoelstra wants with his versatility.”
2:58pm: The deal that McRoberts received from the Heat was slightly better than the Hornets’ best offer, as Rick Bonnell of the Charlotte Observer hears (Twitter link). The Heat released a statement today acknowledging their agreement with the power forward.
JULY 7th, 2:03pm: Josh McRoberts has verbally committed to sign with the Heat, reports Marc Stein of ESPN.com (Twitter link). Miami appeared to be in a two-way battle with the Hornets earlier today. It’s a four-year deal worth the full value of the non-taxpayer’s mid-level exception, with a player option for the final season, Stein adds (on Twitter). That would make it worth $22,652,350, as I explained.
The use of the mid-level will make the Heat hard-capped for the 2014/15, meaning they can’t go more than $4MM above the tax level at any point. That hard cap is projected to be about $81MM.
Charlotte apparently made the same offer to retain the slick-passing power forward, but the Heat have seemingly won out. An increasing number of executives reportedly believed that the client of agent Mike Conley Sr. would indeed end up with a deal for the mid-level.
It’s the first agreement so far this month for the Heat and team president Pat Riley, who’ve been courting LeBron James, Chris Bosh and Dwyane Wade in the hopes that the star trio will return. McRoberts isn’t the sort of significant free agent addition that Marcin Gortat, Kyle Lowry and Luol Deng, all of whom the Heat have reportedly had on their radar, would have been, but he is coming off a career year. He averaged 8.5 points and 4.8 rebounds in 30.3 minutes per game for the then-Bobcats, but he also notched one of the league’s best assist-to-turnover ratios, averaging 4.3 and 1.1 in those categories, respectively. The Blazers, Mavs, Cavs, Clippers, Knicks, Spurs, Suns and Lakers were all among his reported suitors.