Heat forward Kevin Love is turning down his player option for next season, according to ESPN’s Adrian Wojnarowski (Twitter link). Love will become an unrestricted free agent as a result of declining that $4MM option.
Even though Love is declining his option, the two sides are enthusiastic about reaching a new deal in the opening days of free agency, Wojnarowski reports. Love has spent the past season and a half with the Heat after being bought out by the Cavaliers ahead of the 2023 trade deadline.
Love has been one of the more underrated buyout pickups of the last few years, immediately settling into a veteran leader role while averaging 8.5 points and 6.0 rebounds in 76 games with the Heat (22 starts). He was also a big part of Miami’s run to the NBA Finals in 2022/23, averaging 6.9 points and 5.6 rebounds per game while shooting 37.5% from deep (4.4 attempts) in 20 postseason appearances.
Love, 35, is a five-time NBA All-Star and former champion with the Cavaliers in ’15/16. He has played 929 games (684 starts) while holding career averages of 16.5 points and 10.1 rebounds. According to Basketball-Reference.com, Love has a 73.47% chance to be inducted into the Naismith Basketball Hall of Fame.
According to the Miami Herald’s Anthony Chiang, one option could be for Love to re-sign with the Heat at his minimum of about $3.3MM with an additional year attached (Twitter link). That would give the team some extra wiggle room under the second apron to keep some of its own free agents.
Richardson began his career in Miami in 2015 and spent his first four NBA seasons with the team. After bouncing around the league from 2019-23, with stints in Philadelphia, Dallas, Boston, San Antonio, and New Orleans, he returned to the Heat as a free agent last summer, signing a two-year, minimum-salary deal that included a player option on year two.
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The six-time All-Star and five-time All-NBA honoree, who has a player option for 2025/26, will not complete a contract extension with the Heat or agitate for a trade prior to the 2025 offseason, sources inform Charania, who says Butler “has an affinity” for Miami and wants to remain with the organization.