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Heat send Michael Beasley to Timberwolves

July 9th, 2010 No comments
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Update (July 12, 2010): The compensation received for Michael Beasley has been changed to a pair of second round draft picks from the Minnesota Timberwolves in 2011 and 2014. 

The cloud of mystery that has surrounded the stay of Michael Beasley in South Florida for the past two seasons has been lifted.

In the wake of Thursday’s addition of Cleveland Cavaliers free-agent forward LeBron James, and amid the need to clear additional cap space, the Miami Heat late Thursday night traded Beasley, the No. 2 overall pick in the 2008 NBA Draft, to the Minnesota Timberwolves, who can simply absorb Beasley into empty salary-cap space.

The Heat will almost surely turn around and utilize the $4.96 million in gained cap space on Washington Wizards free-agent swingman Mike Miller, who has a standing five-year, $30 million offer on the table from the Heat which figures to start at roughly $5 million.

The Heat had to virtually give away the No. 2 overall pick from the 2008 draft to rid themselves of his expiring contract. To complete the trade, Minnesota must only part with a 2011 second-round pick. The teams have also agreed to a swap of unspecified future first-round picks.

Miami was previously working on a four-team trade that would have turned the Heat’s acquisition of Chris Bosh into a sign-and-trade with the Toronto Raptors while also sending Beasley to the Charlotte Bobcats. The Houston Rockets were also involved in that deal, which called for the Rockets to ship swingman Jared Jeffries to Charlotte and take back Bobcats center Tyson Chandler.

The Raptors, though, held firm on their determination to participate in a Bosh sign-and-trade only if they have to take back draft picks, while also creating a large trade exception through Bosh’s departure. The four-way proposal, which was introduced Wednesday, would have required Toronto to take back at least $3.1 million in contracts from Houston, which the Raptors were unwilling to do.  Read more…

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Vindication!

July 8th, 2010 7 comments
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Pat Riley turned 65 years old in March, the retirement age for most but apparently the age of reinvention for him.

Just when Riley seemed to be on the verge of fading into professional irrelevance, buried under the weight of a pile of mistakes and a bitter fan base, he executed an unprecedented triple play, as he calls it, positioning himself for a climactic final act of a six-decade career that resembles the finale of an Alfred Hitchcock thriller.

As the model of his own standard, Riley has long been a target for satire with his slicked-back hair, Armani dress code and a motivational intensity that could exhaust a robot army. But NBA people who dismissed him as a pretty-boy ex-player and Magic Johnson’s house man in the 1980s and wrote him off as a Miami burnout case not all that long ago must now concede that he is an unparalleled multi-generational titan of the world’s greatest game.

This is vindication.

Riley’s unrivaled summer of 2010 truly started with the summer of 2004.

There was no elaborate plan for the Heat to woo LeBron James and Chris Bosh back then. Instead, that’s when Riley got Shaquille O’Neal to sign a $100 million, five-year contract. With that one move, costly as it was, the Heat had become instantaneous NBA royalty. The very next season, only an ill-timed strained Dwyane Wade rib muscle denied the Heat its ultimate goal. But a championship followed the season after. Riley believed another dynasty was on the way.

Then, thud.

The team quickly got old. Fat. Unmotivated. Undisciplined. Ultimately embarrassed in a first round playoff shutout.

Things had to change. Desperately.

In an effort to pull out from under the abyss, Riley made a series of questionable decisions which crippled the organization. Unable to salvage its former glory, the Heat unceremoniously traded O’Neal in February 2008, they were quickly the NBA’s worst team, and Riley soon after realized that the bloated contracts the Heat had been accumulating would keep his team from having any real money to spend until the summer of 2010.

The intervening years were a monumental struggle. Riley stood idly by as a once-proud roster was slowly and effectively depleted of its talent. He seemingly couldn’t adapt. Couldn’t adjust. He was getting old. His philosophies outdated. His rants tired. His trades awful. His draft selections even worse. He seemingly had no idea what he was doing.

Wade was unhappy. Fans were angry.

But there was method in his madness. Every deal he struck was made with summer 2010 in mind, not wanting to take on any contract that would eat into the team’s valuable cap space for that fateful summer. It was a strategy that infuriated Heat fans who refused to waste prime years of their Hall of Fame shooting guard’s career.

It was a strategy that Riley himself struggled with at times. In the summer of 2007, he nearly killed the dream when he offered contracts to Milwaukee point guards Mo Williams and Charlie Bell; the Bucks thankfully retained both. In the summer of 2008, he signed James Jones to a contract that could have killed the dream. In the summer of 2009, he offered Lamar Odom a contract that would have killed the dream.

But here we stand.

After three long years of preaching patience in the face of uneasy failure, Riley has become the face behind the most brilliant plan in NBA history — a dream scenario even he never thought possible.

Dwyane Wade, LeBron James and Chris Bosh will each be wearing a Miami Heat uniform in October, a trio of All-Stars and Olympic teammates that rivals anything from Magic, Kareem and Worthy of the “Showtime” Lakers to the Bird, McHale and Parish of the original “Big Three” era Celtics to M.J., Pippin and Dennis Rodman of the best-ever Bulls.

Whether the earth-rattling move was the result of a longtime scheme hatched by James and Wade, the product of a masterful strategy implemented by Riley, or the synergistic power of the Creative Artists Agency, which represents the Heat’s principal characters in the story, is at this stage irrelevant.

Riley cleared the money. He created the structure. He developed the culture of family.

He leveraged his own experience. Talk of titles wasn’t just idle talk with him. He lived it. He had the rings to prove it. Seven of them, in fact, as a player and coach.

And that’s what Riley sold James and Bosh on. Come to Miami, he said. Win championships. Make history.

In James’ case, Riley brought his proof. A bag of championship rings.

Rings and family. That’s what he talked to James about for the better part of three hours, sitting at opposite ends of a conference room table that held nothing but seven championship rings on top of it.

When that meeting ended, he and Arison walked out of the room, confident that James was coming to Miami.

A week later, the deal was done.

“Blood, sweat and tears, all that as a family. And that’s what I’ve always been a part of my whole life,” James said. “That’s always, since I was a kid, what I always seeked. And when I heard that from Pat and from Micky, it was, that was kind of like the icing on the cake for me.”

James paused. “And the rings were pretty cool. I need a few of those.”

Riley played with Wilt Chamberlain and Jerry West. He coached Magic Johnson and Kareem Abdul-Jabbar. He coached Wade and Shaq. Now, as an executive, he’s brought in LeBron James and Chris Bosh. He leveraged his championship legacy and Hall of Fame ties to deliver what could be the most talented trio in league history.

Wade. Bosh. And, in a stunner, a two-time league MVP in James. All together on one team, his team, basketball’s best in 2006, basketball’s worst in 2008, and now basketball’s most feared for years to come.

Love him or hate him, few can argue that in a league filled with movers and shakers, Riley moves the needle like no other. He’s done it for decades.

Act VI – decade six – is just beginning. It could be his best of all.

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Predictions

July 8th, 2010 4 comments
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Rampant media speculation about the future of LeBron James seems to have given way to a harsh reality for several team owners across the league. The overwhelming consensus is that LeBron James will join Dwyane Wade and Chris Bosh as a member of the Miami Heat.

His recent actions, and those of Heat president Pat Riley, support such a notion. But the Chicago Bulls, Cleveland Cavaliers, New Jersey Nets and New York Knicks all remain hopeful.

The moment of truth is now upon us. James is scheduled to announce his decision as part of an hour-long ESPN special that starts tonight at 9:00 pm. The decision is expected to come within the first ten minutes.

What do you think?

I, for one, think LeBron James will choose the Miami Heat.

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Bobcats, Rockets Enter Bosh Sign-and-Trade Discussions

July 8th, 2010 3 comments
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The Miami Heat’s reported offer to Mike Miller suggests not only that LeBron James has decided to play for the Heat and that both he and the Heat would like Miller to join him, but also that the Heat has identified a trade partner for Michael Beasley if Miller elects to do so.

Beasley is currently under contract to the Heat for $4.96 million next season. Miller has a standing offer from the Heat for up to $30 million over five years, which implies a starting salary of approximately $5 million. Utilizing the cap space created from trading Beasley to sign Miller would therefore have no impact on the Heat’s salary cap position.

The details of any possible trade discussions for Beasley have largely been clandestine. Speculative indications based solely on salary cap maneuverings has suggested that such discussions could involve the Minnesota Timberwolves. Wolves general manager David Kahn has recently expressed a strong interest in Beasley. But a potential new trade partner has reportedly emerged.  Read more…

Miami Heat Make Contract Offer To Mike Miller

July 8th, 2010 No comments
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The Miami Heat have reportedly offered Mike Miller a five-year deal worth up to $30 million, and have imposed a deadline of midnight for him to accept.

Anecdotal evidence is rapidly building that LeBron James will join Dwyane Wade and Chris Bosh with the Heat. James will announce his intention tonight during a one-hour special, “The Decision,” on ESPN tonight at 9 p.m. The offer to Miller appears to be a prelude to that inevitability.

The former University of Florida standout has James’ strong endorsement. The two have been good friends for years.

The friendship actually started when James was a rising prep phenom at St. Vincent-St. Mary High School in Akron, Ohio. While still playing with Orlando, which drafted him fifth overall in 2000, Miller attended a few of James’ games and hit it off with the future No. 1 overall pick. The bond grew stronger when they played together on Team USA during the qualifying tournament for the 2008 Olympics, where James later teamed with Dwyane Wade and Chris Bosh to claim a gold medal in Beijing. Last season, Miller caused a minor stir by sporting James’ Nike Zoom Soldier shoes while playing for the Washington Wizards.

Miller is also close with Maverick Carter, LeBron’s best friend and business manager; Miller named his second son Mavrick in Carter’s honor.

As James explained last season, “Mike is a good friend of mine.”

Miller had talks with James during the NBA finals about free agency, and the reigning two-time MVP had a simple message for one of the league’s best shooters: “Sit tight,” James told Miller.

According to multiple NBA sources, two-time MVP is expected to choose the Heat, where he would join fellow All-Stars Wade and Bosh. The two Wednesday announced their commitments to the Heat but neither has agreed to terms, which suggests they are waiting on James, and possibly Miller, as third and fourth pieces.  Read more…

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Multiple Sources Suggest LeBron to Choose Miami Heat

July 8th, 2010 2 comments
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After more than three years of planning and preparing, of salary dumping and cap-carving trades and wishful thinking, it appears as if the Miami Heat will be paid off with the ultimate reward: LeBron James.

According to multiple NBA sources, two-time MVP is expected to choose the Heat, where he would join fellow All-Stars Dwyane Wade and Chris Bosh. The two Wednesday announced their commitments to the Heat but neither Wade nor Bosh has agreed to terms, which suggests they are waiting on James as the third piece.

James officially will announce his choice during a one-hour special, “The Decision,” on ESPN tonight at 9 p.m. He will make his selection from a group of six teams – the Heat, Knicks, Nets, Cavaliers, Bulls and Clippers – that met with him last week during a three-day period of presentations and sales pitches.The show will be staged at the Boys & Girls Club in Greenwich, Conn. Proceeds for the show will go to the Boys & Girls Club of America, a charity that is special to James.

If the Heat is, indeed, the choice, James, Wade and Bosh would form an unprecedented superstar trio that would instantly become a perennial NBA title favorite and mark the beginnings of a potential Heat dynasty.

Did you ever dream of a scenario so absurdly amazing?

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NBA Sets Salary Cap at $58.044 for 2010-11

July 7th, 2010 3 comments
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As we were all calmly processing the news that Chris Bosh will be joining Dwyane Wade here in Miami, and as we were all eagerly awaiting the conclusion of the LeBron James saga, Commissioner David Stern shocked us all by announcing Wednesday night that the salary cap for next season will be $58,044,000, nearly $2 million more than was projected just two months prior.

The new number, although a considerable increase from initial doomsday projections of $50.4 million issued one year ago, hasn’t created much fanfare around the league. That’s probably because it has absolutely no effect on 2/3 of its teams. But it could very well have a major impact for the Heat in its off-season planning. Read more…

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Ray Allen, Celtics agree on two-year deal

July 7th, 2010 No comments
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Ray Allen and the Boston Celtics have agreed upon a two-year, $20 million deal, his agent Lon Babby confirmed. The second year of Allen’s deal is a player option.

It was widely hoped that Allen would consider accepting a minimum contract in order to join a Wade-James-Bosh trio in South Florida. At one point, it was speculated that LeBron James had contacted Allen about the possibility of doing just that.

Frank Isola of the New York Daily News reported on June 30:

LeBron James is calling the possible union of Dwyane Wade, Chris Bosh, and himself, “Dream Team.”

Those were the words James used when he reached out to another free agent in the past 10 days and pitched the idea of joining them.

He said, “Would you be willing to take less to join Dream Team?” the player, who did not want to be identified, told the Daily News. He said his people were putting it together.

The Miami Herald’s own Jorge Sedano followed it up with:

I’ve come across a source who has told me that free agent player could be Ray Allen. The source tells me that Allen has spoken to James and his preference is to remain with the Celtics, but that’s predicated on Paul Pierce remaining with the team. The money is not a huge factor. Winning more championships is the most important factor.

According to the source, Allen has spoken to James and would consider joining said, “Dream Team.” Along with possibly taking less money if it was the perfect opportunity.

Apparently, it wasn’t the perfect opportunity. Oh well.

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Bulls come to terms with Carlos Boozer

July 7th, 2010 2 comments
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Mere hours after Chris Bosh committed to the Miami Heat, the Bulls secured their consolation prize – locking in Carlos Boozer to a long-term deal.

Per Ric Bucher of ESPN:

Carlos Boozer is the latest domino to fall, agreeing to a five-year, $80 million contract with the Chicago Bulls, a source close to the negotiations told ESPN The Magazine’s Ric Bucher on Wednesday.

Boozer follows agreements by premier free agents Dwyane Wade and Chris Bosh in Miami, Amare Stoudemire with the Knicks and Joe Johnson in Atlanta.

The 5-year, $80 million contract equates to an average of $16 million per season. For Boozer, it was approximately $11.4 million short of the maximum.

Boozer represents a nice back-up option for the Bulls. He’s certainly not to be mistaken with a member of the Trifecta, but he’s an ambidextrous scorer at the rim and a fierce rebounder at both ends of the floor. Of course, he’s also a man who has missed the season opener in three of his eight NBA seasons, and one who doesn’t much like to defend.

One can’t help but take notice at how his contact breaks out. It was likely structured with the maximum 8.0% annual raises, which would make his 2010/11 salary $13,793,103. That’s not a random number. The Bulls now have committed salaries totaling $36,644,079, enough, after incorporating roster charges, for a full maximum contract player (with $45,389 to spare at current cap projections).

LeBron’s mind is likely already made up. Anecdotal evidence suggests he has chosen Miami, the third part of the coveted holy trinity. If there remains any doubt, however, the Boozer addition in Chicago could make things interesting.

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Salary cap expected to be released tonight

July 7th, 2010 17 comments
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UPDATE: The salary cap will be higher than the $56.1M projection, according to a league executive. The moratorium ends on Thursday morning at 12:01 AM and it will be when the NBA releases its official cap figure for the 10-11 season.

Well, it’s unofficially official. Dwyane Wade and Chris Bosh each has publicly declared his intention to sign with the Miami Heat.

That leaves LeBron James as the only member of the triumvirate yet to make a decision.

There has been much discussion as to whether the Heat can actually afford to pay him the max within the confines of the salary cap. Of course, that depends on what the salary cap is.

The latest estimates provided by Commissioner David Stern, on April 16, called for a cap of $56.1 million. The final figure is expected to be released by tonight.

Keep these two figures in mind:

$55,986,936: If the cap meets or exceeds this figure, the Heat will be able to offer three max contracts IF it moves Michael Beasley and Mario Chalmers

$56,367,721: If the cap meets or exceeds this figure, the Heat will be able to offer three max contracts IF it moves Michael Beasley

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