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Pat Riley Says HEAT Won’t Use Amnesty
Posted By HOOPSWORLD On July 13, 2013 @ 8:00 am In Headlines,NBA Headlines | No Comments
For now, the prospects of paying a big luxury-tax bill next year is not enough to dissuade Miami from its plan to keep the Heat’s current championship core intact.
Heat President Pat Riley said Friday that the team does not currently plan to use its one-time amnesty option as a way of lightening its looming tax load, with the team’s focus instead being on simply finding ways to get better.
“Right now, we’re not using amnesty, no,” Riley said.
Amnesty would allow the Heat to essentially cut one player and pay whatever is left on his contract, but without that salary counting against the team’s cap space or add to future luxury-tax bills. Miami is currently in line to pay more than $30 million in tax for the coming season, though could shave off at least one-quarter of that by parting with someone like Joel Anthony or Mike Miller.
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