Posts Tagged ‘NBA Free Agency’

Chris Bosh takes one small step toward the HEAT.

Friday, June 5th, 2009

Might Bosh be joining Wade soon?

Might we see Chris Bosh in a Miami Heat uniform soon?  According to an  Associated Press report, Chris Bosh does not plan on extending his contract with the Toronto Raptors this summer, and he intends to join the free agent class of 2010.

“[When] I signed a three-year [extension in 2006]… I had a goal in mind, and that was to put myself in the best position [in 2010] … I’m thinking I just want to stick to my goal, stick to what I was doing,” Bosh told reporters. “That’s a part of the plan … I just want to address things [after] next season. There’s a reason why I did things the way I did them back then.”

Something More than Money?

NBA officials suggest that the salary cap will decrease next season, making it likely that the talented crop of sought after players (Bosh, LeBron James, Dwyane Wade, Amare Stoudemire) can get more lucrative deals by extending their contracts with their current teams this summer than they can signing max deals as free agents in 2010.  Bosh’s statement can easily be interpreted as the first step toward an anticipated departure from Toronto.  If he was after money alone, he would extend his current contract.  Might Bosh have a warmer climate in mind?

If Pat Riley signs Wade to an extension this summer, the Heat has still positioned itself with enough space in 2010 to offer a max contract to Bosh.  Without state income tax in Florida, the Heat’s offer would be the richest Bosh could receive from a team other than Toronto.  Money, South Beach, sunshine, and a championship caliber pairing with Wade is an offer difficult to refuse.

Trade Options

If Miami doesn’t want to take its chances in next summer’s free agent sweepstakes, the statement from Bosh could be the motivation that Toronto needs to pull the trigger on a trade that would send Bosh to Miami in exchange for Michael Beasley and expiring contracts.

Either way, Bosh took a small but significant step this Thursday toward joining the Heat.

Miami Heat Off-Season Begins. Now What?

Sunday, May 3rd, 2009

Pat Riley and Dwyane Wade have decisions to make. 

 

Pat Riley and Dwyane Wade have decisions to make.

 

Escorted out of the playoffs by a hungrier, more athletic, and more talented Atlanta Hawks team, the Miami Heat begins looking to next year.  But will next year be any different?

Miami will have 11 players under contract next season: Dwyane Wade, Jermaine O’Neal, Udonis Haslem, Michael Beasley, Mario Chalmers, James Jones, Daequan Cook, Dorell Wright, Chris Quinn, Yakhouba Diawara, and Mark Blount.  Expected to be roughly $12 million over the cap, the Heat is limited to the Mid-Level Exception for any meaningful free-agent signings.  However…

POTENTIAL LUXURY TAX DILEMMA

With the salary cap expected to decrease next season, the luxury tax is also expected to lower to approximately $68 million.  If the Heat wants to stay under the tax threshold, not only can’t it use its MLE to sign anyone new, but it’ll need to shed about $3.5 million by trading off one or more of its existing players and replacing them minimum salaries.  Assuming the Heat is able to find an interested cap-friendly team, potential roster casualties include:

* DORELL WRIGHT ($2,887,165 salary in 2009-2010): minus brief flashes and summer league statistics, Wright hasn’t lived up to his potential with the Heat.  A lot is due to injury and Miami’s glut of players at his position, so maybe another team would be interested in the athletic wing.  His is an expiring contract, so taking him isn’t much of a commitment.  If Miami cuts ties with Wright, it would likely need to find a home for either Cook, Quinn, or Diawara as well in order to sneak under the tax threshold.

* JAMES JONES ($4,330,000 salary in 2009-2010): Jones’s season was derailed by a wrist injury before it got started, so he was never really able to earn his keep.  But he’s still accurate from behind the arc, money from the charity stripe, and a decent defender.  His contract is expensive compared to his production, but it has a team option after 2009-2010, so if anyone takes him, they can cut ties at the end of the season.

* UDONIS HASLEM ($7,100,000 salary in 2009-2010): Haslem provides the hard work, consistency, and leadership that make him a great compliment for a championship team.  Like Charles Oakley and PJ Brown before him, Haslem is a Riley-guy, but sloughing off his salary puts the Heat well under the luxury tax threshold, allows Beasley to move into the 4-spot, Jones to move into the starting lineup, and a smattering of one-year veteran contracts to help the Heat compete next season.

The decreasing salary cap could also put a damper on the potential free agent bonanza planned for the 2010 off-season.  If you were Pat Riley, how would you proceed?