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. You can always check 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= $101,820,405

Cash Sent Out Via Trade: $400K sent to Pelicans in Luke Babbitt trade [Amount Remaining $3.1MM]

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

Payroll Exceptions Available

Total Projected Payroll: $101,820,405

Salary Cap: $94,143,000

Estimated Available Cap Space: $7,677,405

Luxury Tax Threshold: $113,287,000

Amount Below Luxury Tax: $11,466,595

Last Updated: 2/9/17

The Basketball Insiders salary pages and The Vertical’s salary database were used in the creation of this post.

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