Dwyane Wade

Heat Big Three Will Give Riley Time To Upgrade

12:48am: In an update to his story, Wojnarowski writes that Bosh, Wade, and Udonis Haslem have the framework of deals in place to remain with Miami, arming Riley with his limitations within the salary cap to sign talent, league sources told Yahoo Sports.

Everybody has their [contract] number and has left a little bit of room to let [Riley] maneuver,” one source briefed on the contract discussions said.

With that bit of space, Riley plans to look into free agents including Marcin Gortat and Marvin Williams.

8:16pm: As free agency starts, LeBron James, Chris Bosh, and Dwyane Wade plan to give Pat Riley a window to enact his plan for upgrading the team’s supporting cast, sources tell Adrian Wojnarowski of Yahoo Sports (on Twitter).

Of course, much of what Riley can do will depend on how much breathing room he has to operate with.  There was some hope that James would take less than the max deal to help the Heat reload, but earlier today we learned that’s not in the cards.  LeBron met with Wade and Bosh to discuss salaries over the weekend, so it will be up to Wade and Bosh to take discounts if the Heat are going to add a free agent of note this summer.  Both Bosh and Wade, along with LeBron, took less than the max to sign with Miami in 2010, so it remains to be seen if they’ll take another pay cut.

Teams will be blowing up all three of their phones when the clock strikes midnight tonight, but LeBron, Wade, and Bosh will give Miami an opportunity to prepare a battle plan before they consider going elsewhere.

Dwyane Wade, Chris Bosh Opt Out

SUNDAY, 4:05pm: Pat Riley was informed today by agent Henry Thomas that Bosh is exercising his early termination option and will become an unrestricted free agent, Jeff Zillgitt of USA Today reports (Twitter link).

5:28pm: Bosh is “on the verge” of opting out, and will do so before the deadline on Monday, tweets Ira Winderman of The Sun Sentinel.

3:18pm: Bosh has not yet decided whether he’ll opt out or not, his agent tells David Aldridge of TNT (Twitter link).

SATURDAY, 2:37pm: Dwyane Wade and Chris Bosh will opt out of their current deals and enter free agency this summer, according to Tim Reynolds of The Associated Press and Chris Broussard of ESPN (Twitter links). Wade and Bosh become the latest members of Miami to opt out of their deals, following news that LeBron James and Udonis Haslem had done the same.

Wade’s decision to exercise his early termination option and pass on the final two years of his deal means that he’ll forfeit over $41.8MM in guaranteed salary. He’s unlikely to garner an offer worth a higher annual value in free agency, given his age and concerns about his health.

Bosh, who’s sacrificing a guaranteed $42.6MM, will likely be able to fetch a higher salary than Wade, and Broussard hears the big man is seeking a five-year pact worth $15-$16MM per year. Such a deal would be worth less than what Bosh would have made had he chosen not to opt out.

The duo’s motivation to sacrifice so much money is a result of their desire to make a future work with LeBron, who’s seeking a max contract, sources tell Adrian Wojnarowski of Yahoo! Sports. Although LeBron’s priority remains to find a way to make a future work with Miami, a failure by the organization toward improving their roster to his satisfaction could mean the four-time MVP leaves Miami, says Wojnarowski.

If the Heat renounce the Bird Rights of their free agents, they will have a record $55MM in cap room this summer, with only Norris Cole‘s contract guaranteed on the books next season. To no surprise, Pat Riley has already confirmed to reporters, including Jason Lieser of the Palm Beach Post, that he hopes to bring back Wade and Haslem for the 2014/15 campaign (Twitter link).

Haslem Opts Out, Wade And Bosh To Follow?

Udonis Haslem has opted out of the the final year of his contract, tweets Ethan J. Skolnick of Bleacher Report. Skolnick suggests that the move is a part of a concerted strategy by the Heat’s Big Three to provide cap flexibility in Miami, and that Dwyane Wade and Chris Bosh will exercise their early termination clauses for the same purpose. Haslem will forgo $4.6MM in salary for 2014/15 in hopes of re-signing a multi-year deal that rewards him financially while giving the Heat some much needed breathing room as it seeks to retain and build around its championship core (all Twitter links).

As soon as LeBron James terminated his contract with Miami for this season, the onus shifted to the Heat management and players to find a way to convince the league’s best player of their viability as a long-term contender. Haslem shares representation with Wade and Bosh, and had the trio opted to remain on their original contracts, there would have been virtually no room for team president Pat Riley to significantly improve the roster outside of re-signing aging veterans.

While Bosh has maintained his willingness to accept a reduced deal in order to keep the team in tact, Wade has been mum on his decision. Wade stands to sacrifice the most by terminating his deal, as he would give up over $41.8MM over the next two years in salary. That’s a number he is very unlikely to fetch on the open market, especially after a poor showing in the Finals despite regimented rest to keep him fresh throughout the year.

And-Ones: Knicks, Kings, Heat

It’s been a busy day around the league, and things could get even crazier tomorrow. Here’s a roundup of the night’s notes:

  • If Zach Randolph isn’t signed prior to the draft and the Grizzlies select a power forward, it could be an indication that Memphis is preparing to move on from Randolph, writes Ronald Tillery of Commercial Appeal.
  • A rival executive tells Howard Beck of Bleacher Report (Twitter link) that he could envision the Knicks breaking into the first round by flipping newly acquired Shane Larkin, as we speculated earlier tonight.
  • Beck tweets that the Knicks hope Jose Calderon‘s presence will help them lure Marc Gasol to New York when the dynamic center hits free agency before the 2015/16 season.
  • The Kevin Love talks between the Wolves and Warriors were “never off” and remain ongoing, tweets Sam Amick and Jeff Zillgitt of USA Today.
  • The Kings primary concern is adding perimeter shooting, writes Jason Jones of The Sacramento Bee“I think it’s a very important factor for the draft,” GM Pete D’Alessandro told Jones. “I think it’s something we have to take seriously and take a strong look at, for sure.”
  • A person with knowledge of restricted free agent Isaiah Thomas‘s situation tells Sam Amick of USA Today that the point guard’s market value is between $4MM and $6MM per year.
  • Dwyane Wade has yet to make his decision regarding the early termination clause in his contract, but sources tell Tim Reynolds of The Associated Press that he, LeBron James, and Chris Bosh had a positive meeting regarding their offseason (Twitter link).

Eastern Notes: Allen, Wade, Pistons

Ray Allen is leaning toward returning for a 19th season in the NBA and has a desire to continue playing alongside LeBron James, sources told Brian Windhorst of ESPN. Back in February, the sharpshooting veteran said that he wouldn’t be retiring this summer, and today’s report echoes a similar sentiment passed along last week. Allen just completed the second of a two-year, $6.32MM deal with the Heat and will be an unrestricted free agent this summer.

As for Dwyane Wade‘s contract status and whether or not he’ll decide to opt out, the 32-year-old guard didn’t have any updates today. “No news here yet.”

You can find more of tonight’s rumblings out of the Eastern Conference below:

  • Pistons president/head coach Stan Van Gundy said that he’s open to signing Greg Monroe to a one-year qualifying offer and letting the big man hit unrestricted free agency next summer, according to Larry Lage of the Associated Press. Van Gundy said that Monroe’s contract situation is the “most important thing on (the Pistons’) plate this offseason.”
  • Van Gundy added that the team would be willing to trade a future second-round pick and cash in order to land a late first round pick, especially if someone they ranked in the teens falls to the end of the first round.
  • Jim Boeheim – Carmelo Anthony‘s former college coach at Syracuse – believes that Anthony would take less money to sign with a contender this summer, writes Nick Friedell of ESPN Chicago.
  • Chauncey Billups is considering retirement, writes Aaron Matas of 9News.com. When Matas mentioned rumors of the Timberwolves approaching the 37-year-old guard about an assistant coaching job, Billups declined comment; however, Billups did say that he’d generally consider a television or front office position first before dipping into coaching when he does decide to retire from playing.
  • The Celtics hired Benas Matkevicius – a former scout of CSKA Moscow – to be the team’s international scout, tweets Baxter Holmes of the Boston Globe (h/t to CSKABasket.com).

And-Ones: Pistons, Draft, LeBron

Stan Van Gundy doesn’t necessarily view the Pistons lack of a first round pick as a negative, writes David Mayo of MLive. Van Gundy believes that the cap room that would have gone to a first-rounder can be used to acquire useful veterans, notes Mayo. Van Gundy wants to find what he termed, “winning players.” Van Gundy expanded on that saying, “I’ve had the good fortune to be around a lot of them, and they’re not winning players because they’re the most talented guys. I had Udonis Haslem in Miami and he’s still helping teams win championships. He’s a good player but he’s not the most talented guy in the world. I had a lot of those guys in Orlando — Rashard Lewis, Jameer Nelson, J.J. Redick — who help you win a lot of games, and they’re very good, but they’re not the most talented guys. But they’re winning guys.”

More from around the league:

Eastern Notes: Sixers, Draft, Heat, Hairston

Steve Kyler of Basketball Insiders reports (Twitter link) that the Lakers and the Sixers are discussing a deal that would send the seventh-overall pick to Philly, but it wasn’t known what the Lakers would receive in return. The Sixers most desirable player assets are Thaddeus Young and Michael Carter-Williams. Trading Carter-Williams would open the door for Philadelphia to grab Dante Exum with the third pick, but that’s pure speculation on my part.

More from the east:

  • Speaking of Exum and the Sixers, he is scheduled to work out for them on Sunday along with Marcus Smart, reports Marc J. Spears of Yahoo! Sports (Twitter link).
  • If the Sixers do acquire the Lakers first round pick and fail to land Exum, the team is contemplating selecting Smart, reports Keith Pompey of The Philadelphia Inquirer. On potentially going to Philadelphia, Smart said, “I think I will fit in well. You know the Sixers are slacking in some areas and the point guard role is one of them. They are looking for that type of leadership and toughness that will come in and handle it and take control of it.”
  • The most recent CBA set the date for players to decide on their Early Termination Options (ETO’s) by June 29th, but the Heat‘s “Big-Three” of LeBron James, Dwyane Wade, and Chris Bosh are grandfathered in due to signing their deals prior to 2011, so they have until June 30th to decide, reports Brian Windhorst of ESPN.com (Twitter link).
  • The chances of Carmelo Anthony ending up with the Heat are remote, but Tommy Beer of Basketball Insiders thinks that signing ‘Melo would be a bad move because it wouldn’t address the team’s biggest issue–lack of depth.
  • P.J. Hairston has one more scheduled workout ahead of NBA draft, tweets Shams Charania of RealGm. He reports that the Bulls intend to bring in Hairston, who is a projected first round pick, sometime prior to Thursday night.

Pat Riley On LeBron, Wade, Bosh, Tax

Heat president Pat Riley today characterized last year’s amnesty waiver of Mike Miller and the January trade that offloaded Joel Anthony to the Celtics as moves that were about creating cap flexibility for this summer and not about sparing the team luxury tax penalties. James doesn’t see it that way, according to Brian Windhorst of ESPN.com (Twitter link), who reported yesterday that James feels some bitterness about the maneuvers. Riley pointed to the contracts for Miller and Anthony, which run through next season, as the motivationm and the architect of the past four Eastern Conference champions had plenty more to say in his press conference, as Ira Winderman of the Sun Sentinel details. We’ll hit the highlights here:

On the notion that owner Micky Arison wants to curb spending:

“He will do anything to get those guys to come back. There has been a perception he doesn’t want to pay the tax. That’s B.S. He isn’t asking anyone to take a cut to pay the tax. That’s a voluntary thing from the player. We are not asking them to do that. Micky will do whatever he has to do to keep this team together.”

On whether he’d ask James, Dwyane Wade and Chris Bosh to take discounts:

“I’m not going to get down on my knees. I wouldn’t do that to a player.”

On the prospect of adding a fourth star:

“That’s a pipe dream. But everybody thought 2010 was a pipe dream, too. I don’t harbor that thought. That’s not where we are headed. That’s not what we’re thinking about.”

On how the team can return to championship form:

“All of a sudden, people say we need to improve at every position. We need to get our core back, OK? We need to organically grow from within. The Spurs, after they lost last year, went home, licked their wounds, went off into the summer and they made one move.  They got [Marco] Belinelli, who had a great year for them, didn’t have much impact in the Finals except for one three[-pointer] that he hit against us that was big. But it was Patty Mills from within the organization. It was Boris Diaw from within the organization. It was [Manu] Ginobili being better at [36] years old this year than he was last year. It was Kawhi Leonard all of a sudden, the bloom was off the rose for him from that standpoint. He was given the green light and he showed what he could do. I think first and foremost, we want to try and do that. And whatever and what’s available out there that will complement our players and our style is who we’re going to go after. You can always upgrade your talent. You can never have enough.”

Amico’s Latest: LeBron, Sixers, Cavs, Draft

LeBron James said this week that if his family is happy, he’s happy, and Sam Amico of Fox Sports Ohio hears that James’ wife, Savannah, doesn’t have Miami atop her list of places she’d like to live. Sources tell Amico that she’d rather live in the couple’s hometown of Akron or in San Diego. Of course, neither place has an NBA team, but they’re relatively close to Cleveland and Los Angeles, respectively. One place Savannah doesn’t want to move to is New York, Amico also hears. As the anticipation regarding LeBron’s decision heats up, Amico has more on potential factors in the four-time MVP’s decision-making and other topics, and we’ll hit the highlights:

  • The general belief is that Dwyane Wade is likely to opt in to his contract with the Heat, but what he and Chris Bosh decide to do with their deals won’t affect what James decides to do about his option, according to Amico. That’s in spite of James having told reporters that all three stars will meet and discuss their futures.
  • The Sixers have reportedly inquired with the Cavs about the No. 1 pick in this year’s draft, but Philadelphia has yet to make a “concrete offer” for the selection, Amico reports. Still, Cleveland is confident that the Sixers will follow through with an offer in advance of the draft, Amico adds.
  • The Cavs are exploring the notion of packaging the 33rd overall pick with another asset in an attempt to acquire a first-round pick, and clubs with picks in the back end of the first round have been receptive to the idea, Amico writes.
  • Byron Scott has pulled into the lead for the Lakers head coaching job, according to Amico, echoing his Twitter report from late Wednesday.

Heat Rumors: LeBron, Wade, Bosh, Allen

LeBron James can have as much say in the Heat’s roster construction as he wants to, as Erik Spoelstra told reporters at Miami’s press conference today, including Jason Lieser of the Palm Beach Post (Twitter link). Here’s more on the dethroned champs:

  • Spoelstra expressed support for potential free agent Dwyane Wade, saying,I’ll go in that foxhole with Dwyane, any day. It’s funny how the narrative changes in a matter of days,” as Ira Winderman of the Sun Sentinel quotes the coach.
  • Winderman notes that Wade skipped the press conference altogether.
  • Chris Bosh maintained what he has been saying in recent weeks, that he wants to return to the Heat along with the other two thirds of the Big Three.
  • LeBron was less committal, saying that he hasn’t begun to think ahead to the prospect of opting in or out, or luring other free agents to bolster the Miami lineup. “Being able to have flexibility as a professional, that’s what we all would like,” he said. “I understand what this team, this franchise, brings to the table.”
  • LeBron said he wasn’t sure where Wade’s thought process is at the moment, but that the Big Three will gather to get on the same page as planned. “It’s only right. We’ve earned that from each other to have a conversation and see what could happen,” Lieser quotes James as saying (via Twitter).
  • All indications are that Ray Allen would put off retirement another season for the chance to play with James again in 2014/15, Bleacher Report’s Ethan Skolnick tweets.
  • Earlier, we passed on word of Kyle Lowry‘s interest in Miami and the Mavs’ interest in Chris Andersen.

Chuck Myron contributed to this post.