While the idea of opening up cap room in 2026 was once a goal for the Heat, that’s no longer the case, according to Barry Jackson of The Miami Herald, who notes that several potential marquee ’26 free agents have signed contract extensions that will keep them off the market.
The Heat still want to maintain flexibility going forward, but that will likely be more about having room below the luxury tax line than creating cap space, Jackson explains.
Outlining what it would look like for Miami to operate either over or under the 2026/27 cap, Jackson points out that generating a meaningful chunk of cap room would likely require the club to part ways with both Andrew Wiggins and Norman Powell. Operating over the cap appears to be the more “prudent” path for the Heat next summer, Jackson concludes.
Here’s more on the Heat:
- After reporting earlier this week that the Heat have been in contact with Precious Achiuwa and have mulled the idea of waiving Terry Rozier, Ira Winderman of The South Florida Sun Sentinel (subscription required) digs a little deeper into that subject, exploring why Miami has considered that path. As Winderman details, Rozier is a potential bounce-back candidate and may be a better player than Achiuwa in a vacuum, but the veteran guard could also end up buried on a crowded backcourt depth chart, whereas the team has a more pressing need up front.
- Although the Heat’s training camp won’t formally get underway until the week of September 29, several players are already back on the practice court at Kaseya Center for drills, Winderman writes within a look at the team’s roster. Winderman confirms in the same story that Miami – which currently has a full 21-man roster – is still expected to sign undrafted rookie free agent Steve Settle to an Exhibit 10 contract at some point before the regular season, as previously reported.
- The Sioux Falls Skyforce, Miami’s G League affiliate, acquired Jahmir Young‘s returning rights from the Grand Rapids Gold in a three-team trade that sent Bryson Warren‘s rights to the Westchester Knicks and Moses Brown‘s rights to the Gold (the Nuggets‘ affiliate), per a press release. Young was one of four players who signed Exhibit 10 contracts with the Heat on Thursday, so if he’s waived before the season and then decides to play in the G League, the Skyforce would have his rights.
All four players signed 
3:33 pm: The Bulls will be making a change to one of their two-way contract slots, according to Shams Charania of ESPN (
Alexander signed a two-way contract with Denver last July shortly after going undrafted out of Creighton. He has played sparingly at the NBA level, logging just 110 total minutes across 22 outings, most of which came in garbage time. However, he has been a standout for the Grand Rapids Gold, the Nuggets’ G League affiliate.