Miami Heat Rumors | Hoops Rumors

Heat Sign James Ennis

July 15th, 2014 at 5:32pm CST by Eddie Scarito

TUESDAY, 5:32pm: The Heat have officially announced the signing, according to a team press release.

“We were excited to draft James a year ago and have been impressed by the growth of his game in Summer League and Puerto Rico, as well as his terrific experience in Australia, leading Perth to a championship,” said team president Pat Riley in a statement. “We are looking forward to the infusion of energy he will bring to our roster.”

JUNE 13TH: With the Heat on the ropes to the Spurs in the NBA Finals, the need for the team to get younger and deeper is becoming apparent. The Heat are pleased enough with the development of 2013 second-round pick James Ennis that there is a “strong likelihood” the team will sign him this summer, reports Shams Charania of RealGM (Twitter link).

After a strong season in Australia’s National Basketball League where he averaged 21.2 PPG, 7.2 RPG, and 2.0 APG, Ennis spent the past week working out for the Heat front office in Miami, reports Charania (via RealGM). Ennis, 23, will headline the Heat’s Summer League rosters in Orlando and Las Vegas, according to the article.

The Heat acquired Ennis from the Hawks, who selected him with the 50th overall pick in the 2013 NBA Draft. The potential signing of Ennis would likely be a multi-year deal, sources told Charania.

Heat Sign Luol Deng

July 15th, 2014 at 4:44pm CST by Zachary Links

TUESDAY, 4:44pm: The deal is official, the team announced via press release.

“Signing Luol Deng is one of the most important free agent signings that we have ever had in the history of the franchise,” team president Pat Riley said in the statement. “He is a proven All-Star and quintessential team player, both as a scorer, as well as an All-NBA defender. He brings the attitude of a warrior and competes every single night against the very, very best. We are thrilled to welcome him to the Heat family.”

SUNDAY, 1:36pm: The Heat are set to sign Luol Deng, tweets Shams Charania of RealGM. It’s a two-year, $20MM deal and includes a player option on year two, according to Adrian Wojnarowski of Yahoo Sports (on Twitter).

Deng will now help the Heat kick off of a brand new era that they hoped they would never have to see. Fortunately for Miami, even though LeBron James is returning to Cleveland, Chris Bosh will be sticking around on a max deal and it sounds as though Dwyane Wade and Udonis Haslem will be re-signing as well. Miami may not be world beaters this season, but they at least have some continuity and a good chance at returning to the postseason.

This morning it was reported that Pat Riley & Co. were in the lead for the small forward with the Mavericks, Suns, and Hawks also in the mix. The Ron Shade client was said to have been turning down offers that had an average annual value of $10MM, but he either couldn’t drum up a better deal or took a little less to enjoy one of the NBA’s most beautiful cities. Regardless of how it came together, it’s a good value for the Heat when considering the contracts given to Gordon Hayward and Chandler Parsons this offseason.

For his career, Deng has averaged 16.0 PPG, 6.3 RPG, and 2.5 APG over ten NBA seasons.

Photo courtesy of USA Today Sports Images.

Heat Re-Sign Dwyane Wade

July 15th, 2014 at 3:39pm CST by Chuck Myron

3:39pm: The deal is official, the Heat announced via press release.

“Dwyane has been the franchise cornerstone for this team since the day he arrived 11 years ago,” team president Pat Riley said in the club’s statement. “He has shown his commitment to the Heat many times over the course of his career and has always been willing to sacrifice in order to help build this team into a champion. This time is no different. I am ecstatic to have him back in the fold and I am confident that Dwyane, as always, will be leading this team as we look to contend for NBA Championships.”

1:54pm: It’s a two-year deal with player option in the final season, sources tell Tim Reynolds of The Associated Press, who expects Wade’s salary for this season to come in between $16-17MM (Twitter link).

1:08pm: Dwyane Wade is indeed set to re-sign with the Heat, reports Jeff Zillgitt of USA Today (on Twitter), confiming Wade’s Instagram post suggesting that a deal is done. There was little doubt that Miami and the Henry Thomas client would strike an agreement, and the Heat made a strong push to retain its longtime star in the hours after LeBron James returned to Cleveland.

Wade opted out of the final two years and $41.819MM remaining on his deal last month in an apparent effort to squeeze more talent on the roster and convince James to re-sign, but it’s unclear just how much Wade will receive on his new contract. Brian Windhorst of ESPN.com estimated that he’d receive a salary of $15MM for the coming season.

Wade, 32, appeared in only 54 games during the regular season this year as knee injuries took a larger toll. He was still an all-around force when on the court, averaging 19.0 points, 4.7 assists and 4.5 rebounds and compiling a 22.0 PER. He was seventh in the latest edition of the Hoops Rumors Free Agent Power Rankings.

The Bulls reportedly gauged Wade’s interest in a deal that would allow him to play in his native Chicago, but he rebuffed them. Miami has become in many ways a second home for the perennial All-Star who’s played only for the Heat during his 11-year NBA career.

Photo courtesy of USA Today Sports Images.

Heat Notes: LeBron, Bosh, Chalmers, Wade

July 15th, 2014 at 12:00pm CST by Chuck Myron

The Bulls were among the teams with which agent Rich Paul took meetings to discuss LeBron James during the first week of free agency, as Ramona Shelburne and Brian Windhorst of ESPN.com reveal in a behind-the-scenes look at LeBron’s choice. Regardless, James was no longer willing to accept being underpaid, as Windhorst examines in a separate piece. James decided before free agency began that he’d take a max contract, and no matter where he would end up, he would demand a deal with a player option after year one, Windhorst writes. James wants to continue to sign short-term deals for the foreseeable future to maintain flexibility in case the maximum salary jumps or is eliminated in the next collective bargaining agreement, as Windhorst explains. He also wants to keep the pressure on Cavs brass to improve the team around him, the ESPN scribe adds. Here’s more on the Heat as they pick up the pieces after LeBron’s departure:

It wasn’t merely a two-team race between the Rockets and Heat for Chris Bosh, as the Nuggets, Suns and Lakers all made offers to the No. 3 player in the Hoops Rumors Free Agent Power Rankings, reports Tom Haberstroh of ESPN.com.
The Heat’s contract with Mario Chalmers calls for him to make $4MM for this coming season and $4.3MM in 2015/16, Windhorst tweets. The ESPN scribe pegs the likely salary for Dwyane Wade at $15MM based on the Heat’s other moves this summer and the cap space the team still has available (Twitter link).
Miami renounced its rights to Ray Allen, Udonis Haslem Michael Beasley, Toney Douglas, James Jones, Rashard Lewis, Greg Oden and the retired Shane Battier and Juwan Howard, tweets Eric Pincus of Basketball Insiders. That’ll make it difficult to re-sign Allen, but the team continues moving toward a new deal with Haslem, according to Ira Winderman of the Sun Sentinel. The Heat would likely use either cap space or the $2.732MM room exception on Haslem.

Western Notes: Miller, Bosh, Tucker, Mavs

July 14th, 2014 at 9:07pm CST by Eddie Scarito

The Rockets and the Mavericks are interested in Mike Miller, reports Mark Stein of ESPN.com (Twitter link). The Nuggets have the best financial offer on the table for Miller, but Dallas, Houston, and the Cavaliers offer him a better chance to play for a winner, tweets Stein.

Eastern Notes: Knicks, Antic, Turner, Hornets

July 14th, 2014 at 7:59pm CST by Eddie Scarito

The Knicks are bringing back Carmelo Anthony on a near-max deal, but Knicks president Phil Jackson signaled that austerity is ahead for the club as it looks to preserve cap flexibility for next summer. Marc Berman of the New York Post has the details, including Jackson’s comments about his desire for the Knicks to get out of the tax, a goal that the team will be unable to accomplish for the coming season without significant salary-clearing trades.

Here’s more from the east:

The Hawks will not waive Pero Antic and his $1.25MM contract for next season will be fully guaranteed tomorrow, reports Chris Vivlamore of The Atlanta Journal-Constitution (Twitter link).
The Celtics are interested in free agent Evan Turner, tweets Jeff Goodman of ESPN.com, echoing last week’s report from Darren Wolfson of 1500 ESPN Twin Cities on Minnesota’s pursuit of the former No. 2 overall pick. Turner apparently remains the top priority for the Wolves, Wolfson adds (Twitter link).
The Hornets haven’t improved their team since free agency began, writes Scott Fowler of The Charlotte Observer. The team has failed to make a big splash, and the signing of Marvin Williams won’t offset the loss of Josh McRoberts to the Heat in free agency, opines Fowler.

Chuck Myron contributed to this post.

Heat Sign Danny Granger

July 14th, 2014 at 6:26pm CST by Chuck Myron

JULY 14th: The deal is now official, the team has announced. Of the signing, Heat president Pat Riley said, “One of our main priorities this offseason was obtaining a proven veteran like Danny with All-Star experience. We expect him to be a multi-position player and have a very successful season in our system.”

JULY 7th: The Heat and Danny Granger have struck a two-year, $4.2MM deal, reports Adrian Wojnarowski of Yahoo! Sports. It’ll be for the bi-annual exception and it’ll include a player option in year two.

It’s the second agreement Miami has reached today after securing a deal with Josh McRoberts for the non-taxpayer’s mid-level exception. Granger, the long-time Pacers star, comes to Miami after finishing last season with the Clippers, largely failing to regain his scoring prowess after missing almost all of 2012/13 with injury.

In 41 combined games for the Pacers and Clippers last season, Granger averaged 8.2 PPG and 3.6 RPG in 20.7 minutes per contest. His total PER amounted to 10.9 and that was boosted by a small uptick in his dozen games with the Clippers.

The Wizards, Suns, and Clippers have been among the teams that have reached out to Granger since the start of free agency. Obviously, the former All-Star has lost a step or three in recent years but the Heat will be delighted if the 31-year-old can at least gain some of that form back. Excluding these last two forgettable seasons, Granger averaged 18.2 PPG and 5.2 RPG.

Wojnarowski reports that Granger was willing to take less than market value for the chance to join up with LeBron James in Miami which would imply that he was offered more elsewhere.

Heat Sign Josh McRoberts

July 14th, 2014 at 5:05pm CST by Chuck Myron

JULY 14th, 5:05pm: The Heat have made the announcement that the deal is now official. Of the signing, Pat Riley said (Twitter links), “We felt from day one that he was one of our main targets. We are delighted that this multi-faceted player will help us immensely in being the kind of team that Coach Spoelstra wants with his versatility.”

2:58pm: The deal that McRoberts received from the Heat was slightly better than the Hornets’ best offer, as Rick Bonnell of the Charlotte Observer hears (Twitter link). The Heat released a statement today acknowledging their agreement with the power forward.

JULY 7th, 2:03pm: Josh McRoberts has verbally committed to sign with the Heat, reports Marc Stein of ESPN.com (Twitter link). Miami appeared to be in a two-way battle with the Hornets earlier today. It’s a four-year deal worth the full value of the non-taxpayer’s mid-level exception, with a player option for the final season, Stein adds (on Twitter). That would make it worth $22,652,350, as I explained.

The use of the mid-level will make the Heat hard-capped for the 2014/15, meaning they can’t go more than $4MM above the tax level at any point. That hard cap is projected to be about $81MM.

Charlotte apparently made the same offer to retain the slick-passing power forward, but the Heat have seemingly won out. An increasing number of executives reportedly believed that the client of agent Mike Conley Sr. would indeed end up with a deal for the mid-level.

It’s the first agreement so far this month for the Heat and team president Pat Riley, who’ve been courting LeBron James, Chris Bosh and Dwyane Wade in the hopes that the star trio will return. McRoberts isn’t the sort of significant free agent addition that Marcin Gortat, Kyle Lowry and Luol Deng, all of whom the Heat have reportedly had on their radar, would have been, but he is coming off a career year. He averaged 8.5 points and 4.8 rebounds in 30.3 minutes per game for the then-Bobcats, but he also notched one of the league’s best assist-to-turnover ratios, averaging 4.3 and 1.1 in those categories, respectively. The Blazers, Mavs, Cavs, Clippers, Knicks, Spurs, Suns and Lakers were all among his reported suitors.

Heat Re-Sign Mario Chalmers

July 14th, 2014 at 2:00pm CST by Zachary Links

MONDAY, 2:00pm: The deal is official, the Heat announced.

“It’s great to have Mario back,” team president Pat Riley said in the team’s statement. “We’re happy that he wants to continue his career in Miami, he’s one of our core players, and I believe he will have a great season.”

SUNDAY, 10:50pm: It’s a two-year, $8MM+ deal, according to ESPN.com’s Marc Stein (via Twitter).

5:11pm: The Heat will re-sign Mario Chalmers to a two-year deal, tweets Marc Stein of ESPN.com. Terms of the deal are not yet known for the Sam Goldfeder client.

LeBron James, who affectionately referred to Chalmers as “‘Rio”, is gone, but the Heat appear to be on their way to keeping the rest of their core in place. Chalmers is back on a two-year deal, Bosh will re-sign on a max deal, and Dwyane Wade and Udonis Haslem are close to new contracts in Miami.

The Heat were said to be considering sign-and-trade possibilities for Chalmers last week. The 28-year-old struggled mightily in the playoffs, averaging only 6.4 points per contest, and was benched for the team’s final postseason game. It was the first time he didn’t start for the Heat in the past three seasons, and he recorded a career-high 14.0 PER this past year during the regular season. He tied his career mark with 4.9 assists per game, and his 9.8 PPG approached his best, too.

Western Notes: Gasol, Love, Mavs, Deng

July 13th, 2014 at 9:56pm CST by Zachary Links

The Lakers have officially renounced the rights to Pau Gasol along with an entertaining list of long-retired players, according to Mark Deeks of ShamSports (via Twitter). Prepare for a stroll down memory lane. The Lakers renounced the rights to Horace Grant, Ron Harper, Jim Jackson, Karl Malone, Ira Newble, Theo Ratliff, Mitch Richmond, John Salley, Brian Shaw, Joe Smith, and Shammond Williams. The Lakers had to drop the rights to those players in order to help make the Jeremy Lin trade possible. For more on cap holds, check out our cap holds entry in the Hoops Rumors Glossary. More out of the West..

The main holdup in the Kevin Love talks between the Wolves and Warriors is obviously Klay Thompson, but there’s more to it, as Tim Kawakami of the Mercury News explains. The Wolves don’t regard David Lee and Harrison Barnes as highly as Golden State does, thanks to Lee’s hefty contract and Barnes’ down season in 2013/14.
Lakers GM Mitch Kupchak told reporters, including Bill Oram of the Orange County Register, that he wasn’t banking on landing Carmelo Anthony this summer. “We always felt like it was a longshot,” Kupchak said. “We gave it our best shot and we’re happy to accomplish what we did and we still have more work to do.”
Lance Stephenson could prove to be this summer’s Monta Ellis for the Mavericks, tweets Jeff Caplan of NBA.com. The Mavs weren’t necessarily high on Ellis last summer but he fell to them at a great price after everyone else passed.
The Cavaliers’ re-signing of James complicated Deng’s situation, as sign-and-trade options that could have led to a bigger payday for him were no longer available and James’ decision to sign a two-year deal set a new precedent on the market that came into play, writes Sam Amick of USA Today. The Mavericks‘ preference to go after Stephenson if they can’t land Chandler Parsons also limited Deng’s options.