HEAT Looking to Move Joel Anthony?
With the addition of center Greg Oden, it is possible the Miami HEAT now look to move center Joel Anthony’s contract, which has two seasons remaining, as a means of reducing their luxury-tax bill, having recently released swingman Mike Miller under the amnesty provision due to such concerns. In addition, Varnado’s contract does not become partially guaranteed until opening night.
Because of the HEAT’s position against the NBA’s luxury tax, Oden’s contract will cost the Heat roughly $2.6 million this coming season.
With Oden accepting the veteran’s minimum, it leaves the HEAT in position to still spend their $3.2 million taxpayer mid-level exception any time through the end of the season. The HEAT, however, currently are on course for a $19 million luxury-tax payment to the NBA at season’s end.