Miami Heat Rumors | Hoops Rumors

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 Until Olynyk’s QO was rescinded, he had been a restricted free agent, but becoming unrestricted helped accelerate his market.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.

Heat Trade Josh McRoberts To Mavericks

July 7th, 2017 at 12:25pm CST by Luke Adams

The Heat and Mavericks have officially finalized a deal that sends veteran forward Josh McRoberts to Dallas, the Heat announced today in a press release. In addition to McRoberts, the Mavs will receive a 2023 second-round pick and cash considerations. Miami will acquire young center A.J. Hammons.

The move is a salary dump from the Heat’s perspective, and helps clear the way for the team to finalize its contract agreements with Dion Waiters, Kelly Olynyk, and James Johnson. All three players reached deals with Miami this week that will reportedly pay them between $12-15MM annually.

McRoberts has been limited by injuries for the last two seasons, and may not have a future with the Mavericks, who could stretch the final year of his contract if they so choose. Last season, the 30-year-old averaged 4.9 PPG and 3.4 RPG in 22 games (14 starts) for the Heat.

The Heat have already traded their second-round picks in each of the next four years, meaning the earliest pick Miami could have offered would have been its 2022 selection. The club hangs onto that pick in the transaction, sending its 2023 second-rounder instead. Meanwhile, the amount of cash changing hands isn’t known, but the cap for the 2017/18 league year on cash paid or cash received is $5.1MM.

Heat, Mavs Nearing Josh McRoberts Trade

July 6th, 2017 at 7:54pm CST by ChrisCrouse

7:54pm: The Mavericks will use a trade exception to absorb McRoberts’ salary, tweets Eddie Sefko of The Dallas Morning News. Dallas has a $6.6MM+ TPE that would fit McRoberts’ $6MM+ salary. The use of that exception signals that the Mavs intend to function as an over-the-cap team for now.

Meanwhile, Charania’s full report on the proposed deal also notes that the Mavs will receive cash from the Heat.

7:12pm: The Heat are working to trade Josh McRoberts to the Mavericks as they look to clear salary, Adrian Wojnarowski of ESPN.com tweets. Shams Charania of The Vertical reports (Twitter links) that Dallas will send A.J. Hammons to Miami in exchange for the power forward.

The Mavericks will also receive a future second-round pick from Miami, Charania adds. The Heat have already traded their second-round picks in each of the next four seasons, meaning the earliest pick Miami could offer would be the 2022 selection.

By removing McRoberts’ salary, which is approximately $6.02MM for the 2017/18 campaign, the Heat should be able to fit in the already agreed upon deals for Dion Waiters and Kelly Olynyk as well as a new contract for James Johnson, something that the team is still working on. Moving the Duke product should also allow the team to keep Wayne Ellington on the roster.

The Heat also have interest in bringing back Luke Babbitt, and figure to keep his cap hold on their books so that they can retain his Bird rights.

Southeast Notes: Meeks, Porter, Reed, Magic

July 6th, 2017 at 2:56pm CST by Arthur Hill

The Wizards will use their mid-level exception instead of their bi-annual exception to sign Jodie Meeks, tweets Tim Bontemps of The Washington Post. The change was made to avoid being hard-capped by the expected re-signing of Otto Porter. Meeks will still receive $7MM over two seasons; the money will just come from a different source (Twitter link). The Wizards still haven’t received the Nets’ offer sheet for Porter, adds J. Michael of CSNMidAtlantic (Twitter link).

There’s more from the Southeast Division:

The Clippers, Warriors, Hawks, Sixers and Pacers all remain in the market for Heat back-up center Willie Reed, tweets David Aldridge of TNT. Miami also hopes to re-sign him.
The Magic’s new management team is taking a cautious attitude toward rebuilding, relays Josh Robbins of The Orlando Sentinel. Orlando has been quiet during the first week of free agency, despite coming off a 29-53 season and having up to $15.1MM available to spend. “There’s a lot less money in the free-agent market this year than there was last year,” said Jeff Weltman, the team’s new president of basketball operations. “And so, the approach that we’ve taken is to kind of wait and see how some of that shakes out towards the next phase of free agency and see which players we may be able to get into discussions with at that point. But we’ve been touching base with a lot of guys and just kind of gauging the market.”
The Hornets have promoted Buzz Peterson to assistant GM, the team announced on its website. A former standout at North Carolina and a head coach at five colleges, Peterson had been serving as the Hornets’ senior advisor to basketball operations. “He brings a wide breadth of basketball knowledge to the position, having been involved in the game at various levels for close to three decades,” said Charlotte GM Rich Cho. “I’m excited to be working more closely with Buzz in his new role and look forward to his continued contributions to our basketball team.”

Eastern Rumors: Ellington, Haslem, Smart, Hawks

July 6th, 2017 at 8:20am CST by Luke Adams

The belief among Heat players is that Wayne Ellington will be back with the team next season, tweets Tim Reynolds of The Associated Press. Ellington is a candidate to be released within the next 48 hours or so, since his $6.27MM salary for 2017/18 – currently non-guaranteed – will become fully guaranteed if he remains under contract.

Even if the Heat ultimately decide that they need to waive Ellington to create some extra cap room for another move, that doesn’t necessarily rule out his return — the team could eventually re-sign him to a deal worth the $4.3MM room exception, if he’s open to accepting a pay cut.

Here’s more from around the Eastern Conference:

Reynolds provides another Heat-related tidbit, tweeting that Udonis Haslem is on the Cavaliers‘ radar. Haslem, who has spent his entire career in Miami, wants to stay with the Heat, and that looks like the most probable outcome. But a conversation between Haslem and the Cavs is likely, per Reynolds.
On Wednesday, an ESPN report indicated that the Celtics had called the Knicks about Marcus Smart, but New York’s level of interest in Smart was unclear. Following up on that story, Marc Berman of The New York Post reports that the Knicks do indeed have interest in Smart and are considering trade options as a way of filling part or all of their remaining cap space.
Italian forward Nicolo Melli received a contract offer from the Hawks, according to international basketball journalist David Pick (Twitter link). However, Pick reports that Melli has turned down that offer and will sign a multiyear pact with Fenerbahce in Turkey. Per Sportando (Twitter link), Melli’s new deal isn’t done yet, but will be within a few days.
The Raptors are the latest team to line up a deal to add a sponsored patch to their jersey, according to TSN’s Rick Westhead, who reports that Toronto has signed a three-year agreement with insurance company Sun Life Financial. The deal will pay Raptors ownership more than $5MM annually, sources tell Westhead. The list of NBA clubs that have agreed to jersey sponsorship deals can be found here.

Free Agent Rumors: Celtics, Heat, Cavs, Wolves

July 5th, 2017 at 5:51pm CST by Luke Adams

Having landed Gordon Hayward, the Celtics have shifted their focus to adding a rim-protecting big man, and are showing interest in several free agents who fit that bill, tweets Alex Kennedy of HoopsHype. Currently, the Celtics could only offer the $4.3MM room exception, but if they clear more than the minimum space necessary for Hayward’s deal, they could potentially make a bigger offer.

Speaking of Hayward, Jody Genessy of The Deseret News talked at length with agent Mark Bartelstein about how and why his client’s free agency announcement turned into such a mess on Tuesday. As Genessy details, via Bartelstein, Hayward went back and forth between the Jazz and Celtics before making his final decision.

Here are more free agency updates from around the NBA:

Having reached a deal with Dion Waiters, the Heat have interest in bringing back James Johnson and Luke Babbitt as well, writes Barry Jackson of The Miami Herald. Bartelstein, who is also Johnson’s agent, will talk to Pat Riley tonight, according to Jackson.
While Richard Jefferson, who is under contract for 2017/18, plans to return to the Cavaliers, James Jones may not, per Joe Vardon of Cleveland.com. Agent Joel Bell says that neither the Cavs nor Jones have made any decisions, but a source tells Vardon that Jones – who is a free agent – won’t be back in Cleveland next season.
The Timberwolves have touched base with veteran free agent Vince Carter, but there’s nothing “concrete” happening with him for now, tweets Darren Wolfson of 5 Eyewitness News.
The Mavericks are considering adding German power forward Maxi Kleber, per Sportando (Twitter link). Kleber expects to continue playing for Bayern Munich if he doesn’t make the jump to the NBA.

Heat, Knicks, Lakers Still In On Dion Waiters

July 5th, 2017 at 1:59pm CST by Luke Adams

Dion Waiters may be nearing a decision on his free agent destination, according to Adrian Wojnarowski of ESPN, who reports (via Twitter) that the Waiters situation is “inching closer to resolution.” Waiters is considering the Heat, Knicks, and Lakers, per Wojnarowski.

Waiters, who earned less than $3MM in 2016/17, had a big year for the Heat, averaging 15.8 PPG, 4.3 APG, and 3.3 RPG with a shooting line of .424/.395/.646. Although he was limited to 46 games (43 starts), the 25-year-old appears likely to parlay his performance in Miami into a much bigger payday this summer after turning down his player option with the club.

The Heat, Knicks, and Lakers all have a good deal of cap room available, though New York will have to renounce Derrick Rose to make use of that room and Miami may dedicate a portion of its space to a new deal for James Johnson. It’s not clear how many years those teams will be willing to offer — the Lakers are known to be avoiding multiyear commitments, and it’s possible that Miami and New York will want to preserve cap flexibility for the summer of 2018 as well.

The Bulls and Kings were linked to Waiters earlier in the offseason, but Chicago is now in rebuilding mode and Sacramento made its big backcourt splash by agreeing to sign George Hill.

Mutual Interest Between James Johnson, Jazz

July 5th, 2017 at 8:21am CST by Luke Adams

Having watched free agents Gordon Hayward and George Hill reach deals with other teams on Tuesday, the Jazz have shifted their focus to other targets. According to Tony Jones of The Salt Lake Tribune (Twitter link), James Johnson is one potential option for Utah — Johnson and the Jazz have mutual interest, says Jones.

[RELATED: Kings agree to sign George Hill]

Johnson, 30, had a breakout season for the Heat in 2016/17, averaging double-digit scoring for the first time in his career (12.8 PPG), and setting new career-highs in RPG (4.9), APG (3.6), and 3PT% (.340). He was also a major asset on the defensive end of the court, given his ability to guard multiple positions.

While Johnson certainly isn’t the scorer that Hayward is, he looks like a logical candidate for a Jazz team with a newly-opened hole at the forward spot. Utah also parted ways with Trey Lyles on draft night, so Johnson could help provide depth at both forward positions, and with Rodney Hood poised to take on a larger role after Hayward’s departure, Johnson wouldn’t be asked to shoulder much of the scoring load.

Still, Johnson remains a priority for the Heat, with a Tuesday report suggesting that the two sides were set to re-engage in the wake of Hayward’s decision not to head to South Beach. The Heat may have a leg up on the Jazz, since Miami has more cap room and has had a one-year headstart on building a relationship with the versatile forward.

Free Agent Rumors: Wolves, Knicks, Waiters, Jazz

July 4th, 2017 at 10:09pm CST by Luke Adams

The Timberwolves were linked to free agent swingman C.J. Miles earlier today, but weren’t necessarily considered a probable landing spot for Miles due to the team’s lack of cap flexibility. However, according to Darren Wolfson of 5 Eyewitness News (Twitter link), who passed along the initial report on Miles, the Pacers are open to the idea of a sign-and-trade which would net them Cole Aldrich‘s contract and OKC’s 2018 first-round pick from Minnesota.

Both teams would have to agree on that sign-and-trade scenario, and of course Miles would also have to be on board, so there may be some snags along the way. But as Wolfson points out, there are ways for the Wolves to get creative if they really want to land Miles or another free agent.

Wolfson has more on the Wolves, tweeting that he has heard the team made an offer to Nick Young. That offer would likely be worth the $4.3MM room exception, and Young turned down a $5.67MM player option with the Lakers last month, so I’d be surprised if Minnesota’s offer is enough to land him, but the club clearly remains on the lookout for shooting help.

Here’s more on free agency:

The Knicks continue to stay in touch with free agent guard Dion Waiters, according to Ramona Shelburne of ESPN, who reports (via Twitter) that Waiters and Rajon Rondo remain on the Lakers‘ radar.
With Gordon Hayward and Otto Porter off the board, the Jazz have expressed interest in Rudy Gay, says Alex Kennedy of Basketball Insiders (Twitter link). As Royce Young of ESPN tweets, Patrick Patterson essentially took the deal that Gay was unwilling to with the Thunder, so OKC may be out, leaving the Heat and Jazz as the top contenders for Gay.
Having already brought back nearly all of their key free agents, the Warriors are also considered likely to re-sign Zaza Pachulia, according to Sam Amick of USA Today.
After a strong showing for the Pistons in Summer League play, Eric Moreland is believed to have received a multiyear contract offer from Detroit, tweets Steve Kyler of Basketball Insiders.

C.J. Miles Drawing Interest From Heat, Hawks, Others

July 4th, 2017 at 6:11pm CST by Luke Adams

Veteran swingman C.J. Miles is receiving interest from a handful of teams, according to Darren Wolfson of 5 Eyewitness News, who reports (via Twitter) that the Heat, Hawks, and Kings are among the teams in the mix. The Timberwolves also maintain interest in Miles, but don’t currently have the cap flexibility to make a competitive offer, Wolfson notes.

Miles, 30, hits the free agent market this summer after one of the strongest seasons of his career. In 76 games (29 starts) for the Pacers, the 6’6″ sharpshooter averaged 10.7 PPG and 3.0 RPG, converting a career-best 41.3% of his three-point attempts.

The Heat, Hawks, and Kings all have cap room left over, though Miami has a number of balls up in the air as the club waits for Gordon Hayward‘s decision. As for the Wolves, their commitments to Jeff Teague and Taj Gibson have eaten up virtually all of their cap space, so the most they could offer Miles – without moving salary or working out a sign-and-trade – would likely be the $4.3MM room exception.

Miles is expected to take free agent visits soon, according to Wolfson.