Bobcats, Rockets Enter Bosh Sign-and-Trade Discussions
It appears as though Michael Beasley may not be part of Pat Riley’s vision for the future of the Miami Heat organization.
Sources say that a four-team trade scenario between the Heat, Raptors, Bobcats and Rockets hatched on the eve of LeBron’s hour-long “Decision” special on ESPN would enable Toronto to bring back an asset or two in the wake of Chris Bosh’s departure but also avoid taking back Beasley. Which is believed to be the only sort of sign-and-trade that the Raptors would consider.
The proposed deal, sources said, would send Beasley and Rockets forward Jared Jeffries to Charlotte, land Bobcats center Tyson Chandler in Houston and create sufficient cap space for Heat president Pat Riley to offer max-contract money to Dwyane Wade, Chris Bosh and James.
The Heat and Raptors engaged in discussions for several hours after Bosh and Wade announced that they were committing to Miami in a package about the various sign-and-trade options. Discussions were serious enough Wednesday night, according to two sources, that Heat officials told Beasley to start preparing to relocate.
Such a transaction would be contingent on the approval of Toronto general manager Bryan Colangelo which, despite significant financial rationale, has yet to be given. The Raptors appear unwilling to play a part in any transaction that would make Bosh’s departure more lucrative as well as aid the Heat in the possible acquisition of LeBron James.
If the Raptors ultimately consent to a sign-and-trade, Bosh would be able to sign a six-year max contract with the Heat worth approximately $125.5 million, and Wade and James could secure maximum contracts as well. As of now, if the trio split the shortfall equal, they would each fall $937,452 short of maximum dollars, which equates to $7,101,099 over the life of a six-year max deal utilizing full Bird rights and $5,437,222 over the life of potential five-year non-Bird max contract.
Toronto, meanwhile, would come away with a combination of Rockets personnel set to make at least $3.1 million in salary in the coming season as well as a trade exception as large as $13.5 million. Alternatively, the Raptors could secure Beasley and a trade exception worth more than $11.6 million in a direct Heat-Raptors sign-and-trade scenario. It is yet to be determined whether any additional considerations (potentially up to $3 million in cash and/or draft picks) would be included by the Heat in any such package.
It has also been suggested that the Heat may have alternative plans for the cap room a Beasley departure would free up. Mike Miller has reportedly been offered a five-year deal, worth approximately $27 million to $30 million. If Miller were to accept the offer, his contract would likely have a starting salary of between $4,655,172 and $5,172,414 in the coming season. Beasley is set to make $4,962,240.