7:22pm: The move is official, the team announced.
JULY 10th, 6:02pm: The Heat have matched Brooklyn’s $50MM offer sheet for Tyler Johnson, tweets The Vertical’s Adrian Wojnarowski. Johnson signed the offer on Thursday, so tonight was the deadline for Miami to make a decision.
The Nets’ offer contained a significant jump in salary for the third and fourth season to make it difficult for the Heat to match. Johnson will receive $5.628MM in the first year and $5,881,260 in the second, followed by $18,858,765 in season three and $19,631,975 in season four.
This is the second disappointment of the day for Brooklyn, which earlier learned that Portland has matched a four-year, $75MM offer sheet to Allen Crabbe. The Nets still have more than $30MM in cap space available and are expected to move on to other free agents.