Miami HEAT Team Salary
Quick: Over the tax.
Exceptions: $854,389 TPE (Dexter Pittman, expiring 2/21/14)
Acquisitions: Signed Ray Allen via the Mini MLE for two years (second is a player option). Rashard Lewis inked a two-year deal for the vet minimum, also with a player option on the second season. Signed Jarvis Varnado and Mickell Gladness to one-year, minimum contracts. Also singed Terrel Harris, Josh Harrellson, Rodney Carney, Robert Dozier and Garrett Temple to estimated one-year, minimum deals. Re-signed Harrellson to a 10-day contract. Signed Jarvis Varnado to a second 10-day contract and then to a two-year deal. Signed Chris Andersen to a 10-day contract and then a deal for the rest of the season. Traded Dexter Pittman and a second-round pick for the rights to Ricky Sanchez. Signed Juwan Howard to a pair of 10-day contracts and the remainder of the season (salary TBD).
Waived Players: Garrett Temple, Robert Dozier, Rodney Carney, Jarvis Varnado, Mickell Gladness, Josh Harrellson (twice), Terrel Harris
Roster Count: 15 guaranteed
PG: Mario Chalmers, Norris Cole
SG: Dwyane Wade, Ray Allen, James Jones
SF: LeBron James, Shane Battier, Mike Miller
PF: Udonis Haslem, Rashard Lewis, Juwan Howard, Jarvis Varnado
C: Chris Bosh, Chris Andersen, Joel Anthony
*Note: Teams often adjust their depth chart throughout the season, sometimes game by game.
Non-Bird: Juwan Howard
Head Coach: Erik Spoelstra
Unsigned Second-Round Picks: Justin Hamilton, Roberto Duenas, George Banks, Ricky Sanchez
Amnesty: Available. Eligible players include Mike Miller, Chris Bosh, Dwyane Wade, LeBron James, Udonis Haslem, Mario Chalmers (T) and Joel Anthony
2013 – Owe first-rounder (top-10 protected through 2014, unprotected in 2015) to Cleveland Cavaliers (LeBron James).
2013 – Owe second-rounder (protections TBD) to Memphis Grizzlies (Dexter Pittman)
2013 – Owed first-rounder (top-14 protected through 2015, otherwise becomes 2015 and 2016 second-rounders) from Philadelphia 76ers (Arnett Moultrie).
2014 – Owed second-rounder from Minnesota Timberwolves (Michael Beasley).
2015 – Owe first-rounder (top-10 protected through 2016, unprotected in 2017) to Cleveland Cavaliers (LeBron James). Pick not to be sent until two years following completion of prior first-round obligation to Cavs.
Cash Paid ($3.1 million max): $0
Key: B = Bird Rights; E = Early Bird Rights; BR = Bird/Restricted; NB = Non-Bird;
DF = Declined Option on First-Round Scale; WB = Waived Bird; M = Minimum
What is a cap hold? A cap hold is the amount of space a free agent counts towards a team’s cap. These “cap holds” factor in when a team signs free agents. If they didn’t exist, a team could use their cap space to sign other free agents until the space was gone, and then re-sign their own free agents using the Bird exception. A cap hold cannot exceed the maximum contract offer that player can receive on the open market (as defined by years of experience – indicated in the table above by MAX followed by the years of experience). The cap hold disappears if the team renounces their own free agent, that free agent signs with a new team, or re-signs with the same team.
Notes: A free agent does not become restricted until the team issues a qualifying offer. If a player’s option on a first-round rookie scale contract is declined (DF), the most the team can pay is the amount of the declined option (without using a larger exception or cap room). Should a player allow for their Bird Rights to be waived during the season in trade (WB), the most the team can pay is 120% of their prior salary (without using a larger exception or cap room).
Qualifying offers do not count towards the total team salary for that season and are informational only.
Unsigned first-round picks (UF) are not guaranteed until signed but their salary counts against the cap during the offseason. A typical UF gets a bump of 120% upon signing.
Players with at least three years of experience who are signed to a one-year, vet-min contract are only charged $854,389 to the cap and tax. Actual salary amount, which applies to trades is listed under notes.
“Camp invites” can put a team over the hard cap but the math must be resolved by opening night.
Salary and team data changes quite often. If you notice a discrepancy, please notify HOOPSWORLD Senior Writer Eric Pincus.