The Heat will have interest in Kyle Lowry in free agency, but they’ll face plenty of competition for the veteran point guard, who will have a high asking price, according to Barry Jackson and Anthony Chiang of The Miami Herald. A source in touch with Lowry tells the Miami Herald that the 35-year-old is expected to seek a guaranteed three-year contract worth $30MM per year.
Lowry may not ultimately achieve that goal, but he seems likely to get at least $25MM per year, per Jackson and Chiang. The Herald duo suggests a reunion with the Raptors isn’t considered particularly likely for Lowry, but he’s expected to draw interest from the Sixers, Lakers, Mavericks, and Pelicans, as well as the Heat and Knicks.
As Jackson and Chiang outline, the Heat could theoretically open up enough cap room to offer Lowry about $85MM over three years if they waive or renounce several veterans who are free agents or who have non-guaranteed salaries. They could retain RFAs Duncan Robinson and Kendrick Nunn in that scenario, but would otherwise be limited to the room exception and minimum-salary contracts to fill out the roster.
A sign-and-trade for Lowry is another possibility and wouldn’t necessarily require the Heat to part ways with so many veterans, but the Raptors would have to approve the compensation in any deal. Miami remains unenthusiastic about including Tyler Herro in any sign-and-trade for Lowry, according to The Herald.
Here’s more on the Heat:
- If things don’t work out with Lowry, count on Spencer Dinwiddie to be among the Heat’s top targets, according to Jackson and Chiang. Chris Paul could also be an option for Miami if he opts out, though that’s likely a longer shot.
- If Bradley Beal were to request a trade, the Heat are among the teams that would appeal to him, per The Miami Herald. However, Beal isn’t available for now and Miami wouldn’t be able to offer many draft assets if he does land on the trade block.
- Goran Dragic isn’t likely to return to the Heat on his $19MM+ team option, but the club would have interest in re-signing him at a lower price point, according to Jackson and Chiang. Miami would also be interested in re-signing free agent forward Trevor Ariza.