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

Depth Chart*:
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.

Free Agents:
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

Pick Swaps:

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

Cap Holds
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

Name20122013201420152016
TOTAL$854,389$884,293$23,795,368$30,993,515 $69,174,000
Juwan Howard$854,389-M
Chris Andersen$884,293-M
Mario Chalmers$7,600,000-B
Shane Battier$6,213,000-B
Ray Allen$4,197,765-E
James Jones$2,850,000-B
Rashard Lewis$1,819,360-E
Jarvis Varnado$1,115,243-E
Mike Miller$9,900,000-B
Udonis Haslem$8,778,000-B
Joel Anthony$7,220,000-B
Norris Cole$5,095,515-BR
Chris Bosh$23,218,125-B
LeBron James$23,218,125-B
Dwyane Wade $22,737,750-B

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.

(Updated 3/29/2013)