Miami Heat Rumors | Hoops Rumors

Jazz Target Free Agents, Hope To Trade Boris Diaw

July 12th, 2017 at 5:29pm CST by Arthur Hill

After signing Thabo Sefolosha earlier today, the Jazz are looking at more moves to beef up their front line, according to Tony Jones of The Salt Lake Tribune.

Utah would like to add another forward and a center to back up Rudy Gobert, Jones relays. The Jazz are trying to trade veteran big man Boris Diaw, whose $7.5MM salary for the upcoming season doesn’t become fully guaranteed until Saturday. If they can’t find a trade partner, they are expected to waive Diaw before the end of the week.

Jones mentions three free agents that Utah is targeting: small forward Dante Cunningham, who spent last season with the Pelicans, power forward Ersan Ilyasova, who was traded from the Sixers to the Hawks at the February deadline, and center Willie Reed, who is coming off a breakthrough season as a backup with the Heat.

Jazz management is especially fond of Cunningham and Reed because they bring toughness and atleticism on defense. Cunningham is also coming off a career-best year from 3-point range, connecting on 39% from long distance.

Sefolosha, who also has a strong reputation as a defender, chose the Jazz because they utilize an international style of offense similar to what he experienced in Atlanta, Jones writes. He started 42 games for Atlanta last season, but Utah may view him as a backup to Joe Ingles.

The Jazz have two options for signing Sefolosha, who will receive $10.5MM over two years, according to a post from Bobby Marks on ESPN Now. They could remain over the cap and use part of their mid-level exception, which would allow them to keep a $3.3MM bi-annual exception and $3.2MM of the MLE. The other option is to waive Diaw and sign Sefolosha with cap room, leaving them with $6MM to spend, along with a $4.3MM room MLE.

Southeast Notes: Wall, Porter, Bosh, Muscala, Riley, Ellington

July 11th, 2017 at 7:30pm CST by Joshua Fischman

Wizards star point guard John Wall is making no apologies for his aggressive recruitment of Paul George during free agency, writes Candace Buckner of The Washington Post. Many observers took Wall’s comments as a slight against the team’s current small forward Otto Porter, but Wall explained his comments in a different way:

“Otto’s going to be a great player for us, a great role player for a lot of teams. There’s a difference between a role player and a superstar. It’s a big difference. There’s a lot teams that will make a lot of trades for a superstar. Look at Kevin Love getting traded for Andrew Wiggins, you never know who that player going to turn out to be.”

Buckner also points out that Wall is not in a rush regarding his own extension. Last season Wall qualified for the designated player exception after making the All-NBA third team. Wall maintained that he’s devoted to the city of Washington and plans to carefully consider whether he wishes to remain a Wizard in the long term. An extension could keep Wall in the District for the next six years.

Here’s what else you should know from the Southeast division:

Former Heat star Chris Bosh penned an open letter to the city of Miami, thanking its residents for the past seven years of support. The 33-year-old power forward credited Miamians for showing him “how to stay strong and push through in the toughest moments,” which has “made [him] a better man, the person [he is] today.” In the letter, Bosh did not broach the topics of his current health or his future plans.
Hawks big man Mike Muscala viewed his return to Atlanta as a “no-brainer,” writes Chris Vivlamore of The Atlanta Journal-Constitution. Last week, Muscala agreed to a two-year, $10MM contract to remain with the Hawks.
Heat president Pat Riley opined on various Heat players, with his comments about Wayne Ellington particularly effusive: “It would have killed me to see him go. He committed himself unlike anybody else. And just like James Johnson and Dion [Waiters], changed everything about how he played…And he’s so in, so committed, and he can see what did for himself with our help, and how it improved his game. He’s one of the best catch-and-shoot players in the league.” Riley goes on to mention that the team has Early Bird Rights on Ellington and credits the player’s loss of 20 pounds with yielding many benefits on the court. Ellington’s $6.3MM contract was guaranteed on Friday.

Heat Paid $5.1MM To Mavs In McRoberts Deal

July 10th, 2017 at 3:57pm CST by Luke Adams

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.

Clippers Sign Milos Teodosic

July 10th, 2017 at 3:27pm CST by Arthur Hill

JULY 10, 3:27pm: Teodosic has officially signed his contract with the Clippers, according to a tweet sent out by his agency.

JULY 6, 1:44pm: European point guard Milos Teodosic has reached an agreement with the Clippers, tweets Adrian Wojnarowski of ESPN.com. It will be a two-year, $12.3MM contract with a player option on the second season (Twitter link).

Several teams have been in competition for the 30-year-old, who is considered to be one of the top players outside the NBA. He was reportedly seeking a three-year deal worth $25MM to $30MM, but his new contract is substantially less, at least in the first season.

The Heat, Kings, Nuggets, Jazz, Nets, Bulls and Timberwolves were among the other teams that expressed interest. Minnesota offered its room exception, but understood that he could get more money elsewhere, tweets Darren Wolfson of 5 Eyewitness News. Brooklyn decided that Teodosic’s defensive shortcomings made him a poor candidate for big money or big minutes, according to NetsDaily (Twitter link).

A star with Serbia at the 2016 Olympics, Teodosic made his current team, CSKA Moscow, one of the best in the Euroleague. He has averaged 16.1 points per game over the past two seasons and 6.5 assists over the last three. The Russian squad was hoping to keep him, but admitted that it couldn’t compete financially with NBA teams.

Teodosic’s signing may end the Clippers’ interest in Derrick Rose, who met with the team on Wednesday. With Patrick Beverley and Lou Williams already on the roster, there doesn’t seem to be any room for Rose.

Pat Riley Talks Offseason, Haslem, Babbitt, More

July 10th, 2017 at 12:37pm CST by Luke Adams

After an eventful week of free agency, Heat president Pat Riley spoke to local reporters and addressed a handful of subject related to his team and the offseason so far. Barry Jackson of The Miami Herald passed along the highlights of that session, so let’s dive in and round up some of Riley’s most notable observations and comments…

Riley called the Heat’s pursuit of Gordon Hayward a “no-brainer” even though it didn’t ultimately work out. “The fact Gordon had an interest in us, we felt a need to pursue that but not at the risk of [not] negotiating hard with our own free agents,” Riley said.
The Heat went hard after Kelly Olynyk because the team viewed a stretch four or five as one type of player the roster was lacking. Riley also suggested that Olynyk “sets probably the best screens in the NBA” and is an ideal fit alongside Hassan Whiteside or Bam Adebayo.
The Heat have used “every last dollar” of the salary cap, but still have the $4.3MM room exception. Still, Riley doesn’t expect the team to use that exception right away. “We have 10 guys that we really like, 11 guys or 12 who will be fighting for rotation minutes,” Riley said. “I’m going to add another room mid level guy who is going to be fighting for 10 minutes? … If something pops up that’s really good, we’ll think about using it.”
Asked if the Heat need to add a backup point guard, Riley replied, “Absolutely not.” The Heat president pointed to Tyler Johnson, Justise Winslow, and Josh Richardson as possible ball-handlers.
Miami wants to re-sign Udonis Haslem and is “still talking” to Luke Babbitt. However, Willie Reed is unlikely to return, per Riley.
When it came to the Josh McRoberts trade, A.J. Hammons wasn’t just a throw-in for the Heat — Riley likes what he brings to the table. “He’s the kind of player that fits that mold of a stretch five or four,” Riley said. “We remember him from Purdue. That happened very quickly. We made that deal pretty quickly. We already had scouting reports on him.”

NBA Teams With Cap Room Remaining

July 10th, 2017 at 11:08am CST by Luke Adams

We’re only on the 10th day of the NBA league year, but already, the number of teams with cap room still available is dwindling.

Clubs without cap room remaining could create space at some point — the Knicks, for instance, used the last of their cap room to finalize Tim Hardaway‘s offer sheet, but may try to clear salary by trading Carmelo Anthony and/or Courtney Lee. For now though, only a handful of teams have a useful amount of cap space left.

Those teams with cap room are listed below, along with an informal breakdown of what their situation looks like. Many deals haven’t yet been finalized, so these figures our based on our projections, with the help of information from Basketball Insiders and HeatHoops.

Teams with cap room remaining:

Atlanta Hawks: With agreed-upon deals for Mike Muscala and Tyler Dorsey not yet official, the Hawks retain about $18-19MM in cap room. And that’s not counting whatever amount of money Jamal Crawford was willing to give up in his buyout, so that figure may creep a little higher.
Brooklyn Nets: The Nets remain in a holding pattern with Otto Porter, but after he officially moves over to the Wizards’ books and Brooklyn completes its trade for DeMarre Carroll, the team should have about $16-17MM in cap room. The Nets could create a little more space by waiving one or more non-guaranteed players.
Denver Nuggets: Once the Nuggets’ signing of Paul Millsap becomes official, the team won’t have much cap flexibility left, though that could change if Mike Miller is waived and/or Mason Plumlee is renounced. If both of those players remain on the cap, Denver will only have about $2MM in room. If they move on from both players, the Nuggets could get up to about $11MM+ in space.
Indiana Pacers: Assuming the Pacers stretch Monta Ellis‘ salary, as has been reported, they should have in the neighborhood of $7-8MM in remaining cap room, even after finalizing the acquisitions of Darren Collison, Bojan Bogdanovic, and Cory Joseph.
Los Angeles Lakers: The Lakers have approximately $17MM in cap room left, though they’d have to renounce their remaining unrestricted free agents to make use of all that space.
Orlando Magic: The Magic could have retained their exceptions and cap holds and stayed over the cap, but it looks like they’re operating under the cap, signing Shelvin Mack with room instead of the mid-level exception. Orlando doesn’t have much space available, but could get up to $8MM+ in room by waiving C.J. Watson, and could increase that number a little more by cutting other non-guaranteed players.
Philadelphia 76ers: The Sixers’ remaining cap room will depend on the exact numbers for J.J. Redick and Amir Johnson, but it figures to be in the neighborhood of $16-17MM.
Phoenix Suns: Alex Len‘s $12MM+ cap hold is a significant factor in the Suns’ remaining cap room. If they were to renounce Len, the Suns could get up to about $23MM in room, with the ability to create even more by waiving non-guaranteed contracts. However, if they keep Len on the books, Phoenix’s cap room is below $11MM, and will be reduced further when Alan Williams‘ new deal becomes official.
Sacramento Kings: Deals for George Hill, Zach Randolph, Vince Carter, and Bogdan Bogdanovic will use up most of the Kings’ space, but the team should still have room in the $8-10MM range after those signings become official.

Teams that went under the cap, but have used all (or virtually all) of their room:

Boston Celtics
Miami Heat
Minnesota Timberwolves
New York Knicks

These teams went below the cap this summer to accommodate big-money moves. In some cases, those deals aren’t yet official, but when they’re finalized, they’ll eliminate any cap room these teams have left. A couple of these clubs have already committed their room exception to certain players, with the Celtics on track to sign Aron Baynes and the Wolves lining up a deal with Jamal Crawford.

Teams that are operating over the cap, but could create some cap room:

Chicago Bulls
Dallas Mavericks
Utah Jazz

These teams are currently operating as over-the-cap clubs in order to retain their full mid-level, bi-annual, and trade exceptions, but there could be scenarios in which it makes more sense to renounce those exceptions and dip below the cap.

In the Bulls’ and Mavs’ cases, it would likely only happen if they don’t retain top RFAs (Nikola Mirotic and Nerlens Noel, respectively). Meanwhile, the Jazz could only create up to about $12MM in room if they were to waive their non-guaranteed contracts and wait to sign Joe Ingles.

Note: Items on Indiana Pacers and Orlando Magic were edited after publication to adjust figures.

Heat To Retain Wayne Ellington

July 7th, 2017 at 8:10pm CST by Austin Kent

With their free agent acquisitions of Kelly Olynyk, Dion Waiters and James Johnson now in the books, the Heat can breathe easy knowing that they’ll soon retain Wayne Ellington, Ira Winderman of the Sun-Sentinel tweets.

The Heat were very calculated about the order in which they officially signed the above-mentioned trio, doing so in such a way that they managed to keep Ellington on their books long enough for his partially guaranteed deal to kick in after July 7.

In 62 games for the injury-riddled 2016/17 Heat, Ellington averaged 10.5 points per game. The 29-year-old played a big role in Miami rallying after a disastrous first half of the season to compete for a playoff spot.

With Ellington on board for 2017/18, along with returnees Waiters and Johnson, the Heat have shown that they’re eager to double down on the gritty chemistry that powered them to their historic turnaround.

Heat Officially Sign James Johnson

July 7th, 2017 at 7:48pm CST by ChrisCrouse

July 7, 7:47pm: The Heat have officially re-signed Johnson, the team announced over Twitter.

July 6, 10:00 PM: Johnson’s deal will be for four years and $60MM, Michael Scotto of Basketball Insiders reports (Twitter links). Scotto adds that the contract contains a player option in the fourth season.

7:59 PM: The Heat and James Johnson have agreed on the framework of a four-year deal, Adrian Wojnarowski of ESPN.com reports (Twitter link). Johnson was widely expected to return to Miami.

Johnson floated around the league before signing a one-year deal with the Heat last offseason. He played a key role for Miami, earning 27.4 minutes per contest while serving as the team’s top perimeter defender.

The 30-year-old averaged double-digit scoring for the first time in his career (12.8 PPG) in 2016/17, and set new career-highs in RPG (4.9), APG (3.6), and 3PT% (.340).

The Heat struck out on bigger stars, such as Gordon Hayward, but rebounded by bringing in Kelly Olynyk and re-signing their own free agents.

The organization needs to clear cap space to accommodate lucrative deals for Olynyk, Johnson and Dion Waiters, and the team is working on moving Josh McRoberts to the Mavericks in order to do so.

Photo courtesy of USA Today Sports Images.

Heat Sign Dion Waiters To Four-Year Deal

July 7th, 2017 at 7:32pm CST by Luke Adams

July 7, 7:32pm: The Heat have officially re-signed Waiters, the team announced over Twitter.

Ira Winderman of the Sun-Sentinel notes that the Waiters deal had to be announced prior to the Johnson confirmation, at which point a potential Wayne Ellington guarantee could follow.

July 6, 7:01pm: The Heat and Waiters are in agreement on the previously reported four-year, $52MM deal, per several reports. According to Scotto, the deal won’t include any options.

Scotto also reports that the Lakers made a one-year, $17MM offer to Waiters. L.A. has been reluctant to commit any second-year guaranteed money to free agents.

4:48pm: Waiters’ new deal is expected to be a four-year contract, according to Wojnarowski (via Twitter). Michael Scotto of Basketball Insiders (Twitter link) pegs the total value at $52MM over four years.

4:31pm: The Heat are finalizing a contract agreement with Dion Waiters that will bring the free agent guard back to Miami, reports Adrian Wojnarowski of ESPN (Twitter link). Wojnarowski had indicated earlier today that Waiters was considering the Heat, Lakers, and Knicks, and would likely make a decision soon.

[RELATED: 2017 NBA Free Agent Tracker]

Waiters, a former fourth overall pick, didn’t generate much interest in free agency last summer after the Thunder withdrew his qualifying offer, and ultimately signed a modest deal with the Heat. Although he was limited to 46 games (43 starts), the 25-year-old had a nice bounce-back season in Miami, averaging 15.8 PPG, 4.3 APG, and 3.3 RPG with a shooting line of .424/.395/.646.

Armed with a player option for 2017/18, Waiters turned down that option in search of a more lucrative deal on the open market, and was linked to the Lakers, Knicks, Bulls, and Kings. After Miami missed out on top free agent target Gordon Hayward, however, it made sense for Waiters and the Heat to work out a new agreement that allowed him to return to South Beach.

Terms of Waiters’ deal aren’t yet known, but the Heat figure to use a chunk of cap room to re-sign him, since their Non-Bird rights would only allow for a 20% raise. The club would also like to bring back James Johnson and has interest in Rudy Gay, among other free agents, so we’ll see how much cap space is left over after Waiters’ deal.

Waiters had ranked 21st overall on our list of 2017’s top free agents last week.

Photo courtesy of USA Today Sports Images.

Heat Sign Kelly Olynyk To Four-Year Deal

July 7th, 2017 at 3:19pm CST by Luke Adams

JULY 7, 3:19pm: The Heat have officially signed Olynyk, the team announced today in a press release.

“As soon as Kelly Olynyk became an unrestricted free agent, we pursued him,” Heat president Pat Riley said in a statement. “He is not only a post player, he can also play away from the basket. What we like the most is that he is a playmaker, tough defender and rugged rebounder. At just 26 years old, he fits in perfect with our young core that will play together in their primes.”

JULY 6, 6:45pm: The Heat have reached an agreement on a four-year contract with free agent center Kelly Olynyk, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that the deal is worth $50MM. Olynyk’s new deal will include a fourth-year player option, Wojnarowski adds (via Twitter).

Because the Celtics withdrew Olynyk’s qualifying offer earlier this week, he’s an unrestricted free agent and can sign outright with Miami. Boston needed to clear the big man’s cap hold from its books in order to help create enough space for Gordon Hayward‘s new maximum salary deal with the team. Until Olynyk’s QO was rescinded, he had been a restricted free agent, but becoming unrestricted helped accelerate his market.

Olynyk, 26, appeared in 75 regular season games for the Celtics last season, averaging 9.0 PPG and 4.8 RPG and once again showed off an ability to make an outside shot (.368 career 3PT%). His most memorable performance in Boston came in Game 7 of the Eastern Conference semifinals against the Wizards, when he helped the C’s seal the series with a 26-point outburst.

By signing with the Heat, Olynyk will join a frontcourt that needed a little depth, given Willie Reed‘s free agency. Veteran power forward James Johnson also reached the open market over the weekend, but Olynyk’s deal won’t preclude a new agreement with Johnson, according to Ira Winderman of The South Florida Sun Sentinel, who tweets that the team still intends to get something done with the unrestricted free agent.

Having now reached eight-figure deals with Olynyk and Dion Waiters, the Heat only have about $6MM in cap room left over, but could open up another $6MM+ by waiving Wayne Ellington‘s non-guaranteed contract and another $4MM or so by stretching Josh McRoberts‘ deal.

Tim MacMahon of ESPN.com reports (via Twitter) that the Mavericks and Heat have had discussions about a trade that would create more space for Miami, so it’s possible that Dallas is willing to take on McRoberts — Tyler Johnson would be the other logical trade candidate on the roster.

Photo courtesy of USA Today Sports Images.