Pat Riley apparently felt the need to throw away some of owner Micky Arison’s money away in celebration of landing the Big Three.
The Heat on Tuesday signed free agent forward Shavlik Randolph to a two-year minimum salary deal.
Randolph, who had two brief stints with the Heat this past season, becomes the 14th player under contract for 2010-11, but unlike the previous 13 players signed, did not receive a fully guaranteed contract. The first season is only $250,000 guaranteed, becoming $500,000 guaranteed on opening night. The second year is fully unguaranteed, becoming fully guaranteed if not waived on or before June 30, 2011.
Randolph is the fourth power forward under contract, joining Toronto Raptors free agent Chris Bosh, Portland Trail Blazers free agent Juwan Howard and returning Heat free agent Udonis Haslem.
Randolph has no realistic shot at making the regular season roster. The Heat has therefore, in effect, thrown away $250,000. Or, if you’d prefer to look at it differently, they’ve paid Randolph $250,000 to participate in training camp.
Randolph has appeared in 95 career games over five seasons, making seven starts, averaging 2.4 points, 2.4 rebounds in 8.3 minutes while shooting .447 from the field.
The Duke product was previously signed September 28, 2009 by the Heat, appearing in two games before he was waived on December 14. He was then signed by Portland on December 30, appearing in three games for the Trail Blazers. He re-signed with the Heat on April 6, 2010 for the balance of last season, appearing once, in the regular-season finale against the New Jersey Nets. He appeared in six games for the Heat and Blazers overall this past season, averaging 2.3 points and 2.3 rebounds in 8.8 minutes.