The Heat are still working on options to complete the Jimmy Butler sign-and-trade with the Sixers, according to Ramona Shelburne of ESPN.com (Twitter link). The two sides will search for a third team to take on additional salary from Miami, as Marc Stein of the New York Times tweets.
The Mavericks appeared to be the team willing to take on salary in order to help both teams complete the trade. It was reported that Goran Dragic would be sent to Dallas as part of a three-team deal, but the Mavs then felt that Dragic’s salary would eat into their cap space and hinder their other plans.
Kelly Olynyk and Derrick Jones were believed to be taking Dragic’s place in the trade, but then it was revealed that the Heat did not want to part with Jones in the deal. The Olynyk/Jones combo wouldn’t have been quite enough from a salary-matching perspective anyway.
The Heat will look for a trade partner for Dragic out of respect for the veteran. The team and his representatives are working to find a deal by July 6. per Shelburne. However, Barry Jackson of the Miami Herald (Twitter link) hears from Dragic’s camp that there is no joint effort yet to find him a suitor.
Dragic will make approximately $19.2MM next season. After a day of contract agreements, The Mavericks, Clippers, and Lakers are the only teams with the clear ability to absorb Dragic’s deal without sending salary back, though other teams could potentially create the necessary space.
It’s possible the Mavericks will change its stance again on Dragic once they have a clearer picture of who they can sign with their cap space, though that’s simply my speculation.
Assuming the two sides find a third team to make the sign-and-trade work, Josh Richardson will go to Philadelphia and Butler will begin the Miami chapter of his career on a four-year max deal.