The Heat took full advantage of the increased limits for cash used in trades last week, sending $5.1MM to the Mavericks in the deal that landed Josh McRoberts to Dallas, reports Ira Winderman of The South Florida Sun Sentinel.
In each NBA league year, teams are permitted to send up to a certain amount of cash in trades, and are permitted to receive no more than that amount as well. In 2016/17, that figure was $3.5MM, but it increased to $5.1MM in 2017/18. That means that the Heat have already used their limit for the current league year, and won’t be able to send out any additional cash in trades until July 2018. Miami could still receive up to $5.1MM in trades, however.
With the cash taken into account, the Mavericks come out ahead in the trade in more ways than one. McRoberts is earning $6,021,175 this year, and A.J. Hammons – who went from the Mavs to the Heat in the swap – is making $1,312,611, so the difference in their salaries is $4,708,564. Dallas received more than enough cash to make up that difference and received a future second-round pick from their troubles. Since they’re acting as an over-the-cap team, the Mavs didn’t sacrifice any cap room by taking on McRoberts, though they now won’t be eligible to receive any more cash in trades until next July.
Meanwhile, the deal is also a win from the Heat’s perspective, since the team had to use every last dollar of cap room to squeeze in new deals for Dion Waiters, James Johnson, and Kelly Olynyk. Cash paid in a trade doesn’t count toward the cap, so by dumping McRoberts’ salary and only taking back Hammons’ modest contract, the Heat were able to just barely create the space necessary for their signings. They also landed Hammons, a player Riley spoke highly of earlier today.