WEDNESDAY, 2:50pm: Bosh is seeking a deal worth $16-18MM, a source tells Sam Amico of Fox Sports Ohio (Twitter link).
TUESDAY, 4:00pm: Agent Henry Thomas, who reps both Wade and Bosh, told TNT’s David Aldridge that the salary figures reported for his client are inaccurate (Twitter link).
3:28pm: Ken Berger of CBSSports.com and Ethan Skolnick of Bleacher Report put the brakes on the idea of such deep discounts, having heard that Bosh and Wade aren’t expected to accept figures quite so low (Twitter link).
2:44pm: The Heat are telling free agents that they have more than $12MM to spend, indicating that Dwyane Wade, Chris Bosh or both are willing to take major discounts, tweets Brian Windhorst of ESPN.com. The Oregonian’s John Canzano hears Bosh is set to sign a five-year deal worth $11MM in the first year, while Wade will get a four-year deal starting at $12MM. Grantland’s Zach Lowe hears those figures are $12MM for Bosh and $10MM for Wade (Twitter links).
Those numbers, together with the maximum deal that LeBron James is insisting upon, would appear to give the Heat even more flexibility, since LeBron’s max is projected to be around $22MM. That would leave the Heat with $44-45MM or so in commitments, not counting roster charges and the cap hold for first-round pick Shabazz Napier. The salary cap is projected to come in at $62.3MM, so it seems Heat president Pat Riley is leaving room for a player or two at above the minimum salary in addition to a $12MM acquisition. That might come in the form of a signing at the value of the $2.732MM room exception.
The Heat are trying to arrange a meeting with Kyle Lowry today, according to Windhorst, who also suggests the team could go after Marcin Gortat (Twitter link). The Heat reportedly see Luol Deng and Lowry as their top free agent targets from outside the team, and while Deng is unwilling to take a discount to sign in Miami, $12MM appears to be close to market value.