2017 Offseason Salary Cap Digest: Miami Heat

The Heat started the 2016/17 season with a 7-12 record, then had a pair of wild swings, losing 18 of their next 22 games before winning 30 of their final 41. There’s reason to believe that Miami’s strong second half is a positive sign of things to come, but a few of the club’s key players from that run are now eligible for free agency. That will create some uncertainty going forward, but with Chris Bosh‘s $25MM+ salary no longer on their books, the Heat will have a little more room to maneuver this offseason.

Here’s where things currently stand for the Heat financially, as we continue our Offseason Salary Cap Digest series for 2017:

Guaranteed Salary

Player Options

  • None

Team Options

  • None

Non-Guaranteed Salary

Restricted Free Agents

  • None

Cap Holds

Projected Salary Cap: $101,000,000

Maximum Cap Room: $38,232,519

  • Taking into account their five guaranteed contracts, plus cap holds for a first-round pick and six empty roster spots, the Heat have a team salary of $62,767,481. However, that would mean waiving all their non-guaranteed players, including Richardson and McGruder, which is very unlikely — still, since those players are on veteran minimum salaries, they won’t cut into Miami’s cap room in a major way.

Footnotes:

  1. Ellington’s salary becomes fully guaranteed after July 6.
  2. Richardson’s salary becomes fully guaranteed after June 30.
  3. McGruder’s salary becomes partially guaranteed ($452,625) after August 1.
  4. White’s salary becomes partially guaranteed ($226,312) after July 1. Partial guarantee increases to $452,624 after August 1.

Salary information from Basketball Insiders and The Vertical was used in the creation of this post.

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