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Heat Picks Up Option on Mario Chalmers

June 17th, 2010

The Miami Heat has picked up its team option on guard Mario Chalmers.

And now there are three.

Point guard Mario Chalmers has become the third Miami Heat player secured on the books for 2010-11. The Heat has picked up its third year option on his three-year contract. The team had until June 30, the official end of the 2009-10 season, to make its decision.

Chalmers now joins Michael Beasley and Daequan Cook as the only Heat players locked into 2010-11 salaries.

Still to be determined are the $885,120 player option held by center Joel Anthony, who faces a June 24 deadline, the $17.1 million player option held by Dwyane Wade, and the Heat’s buyout decision on the final three years of the contract of James Jones.

Both Wade and Jones are expected to become unrestricted free agents, with the decisions on those matters due by June 30, a day before the N.B.A.’s free-agency negotiating period begins.

Upon acquiring Chalmers in the second round of the 2008 draft, the Heat extended the former KansasUniversity standout a three-year contract that included a team option for the final season. Chalmers, who earned $756,000 this past season, is now guaranteed $854,389 for what will be the final season of his contract. Because the option has been decided, he also is now eligible to be traded.

With the N.B.A.’s salary cap, which will be announced just prior to the July 8 start of the offseason signing period, expected to fall at about $56 million for 2010-11, the Heat, with Beasley, Cook and Chalmers, now has $8.0 million in committed salary for next season. Factoring in the $1.9 million Jones would receive if he were waived, as a partial guarantee on his $4.7 million 2010-11 salary, it would put the Heat at roughly $9.8 million in committed payroll. 

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