Let the games begin…

Now that the Miami Heat is eliminated from the playoffs, the 2010/11 rebuilding plan is officially underway.

The Heat is now allowed to pursue trades with other teams not currently in the playoffs. Off limits are any players who will become free agents or who have team or player options. That means no Bosh discussions just yet. But it does mean the Heat can start to desperately pursue suitors to take over the contracts of James Jones and Daequan Cook, and perhaps Michael Beasley.

The only team which can create cap space for trades is Oklahoma City. The Thunder could create as much as $2.4 million of cap space before the current season officially ends on June 30. Therefore, if the Heat aims to send out contracts without taking on contracts in return, it will need to pursue a trade with the Thunder, pursue a trade with a team with a large enough trade exception to take on the salary the Heat would be shedding, or agree to a trade that will technically be completed during the next salary cap year in July.

The next big dates to keep in mind:

June 24: 2010 N.B.A. draft
June 25: Last day for Joel Anthony to exercise his player option
June 30: Last day for the Heat to exercise its team option on Mario Chalmers
June 30: Last day for the Heat to waive James Jones, or his contract becomes guaranteed
June 30: Official end of the 2009-10 regular season
July 1: Free agency begins for all teams
July 8: Free agent contracts can be signed

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