Other Info

November 10th, 2015

Exceptions Available:
Taxpayer Mid-Level Exception (partially used on Josh Richardson) – $2,850,907
Trade Exception (Mario Chalmers, expiring 11/10/15) – $2,129,535
Trade Exception (Zoran Dragic, expiring 07/27/16) – $1,706,250
Trade Exception (Shabazz Napier, expiring 07/27/16) – $1,294,440

Draft Rights Held:
Roberto Duenas (58th pick, 1997)
George Banks (46th pick, 1995)

Non-Player Assets Available for Trade:
First Round Picks: None
Second Round Picks: 2018 (conditioned upon Atlanta receiving Heat’s top 40 protected pick in 2017), 2021, 2022
Cash Considerations: Up to $721,300 outgoing and up to $3,400,000 incoming

Cash Paid ($3.4 million max): $1,600,000 to Celtics (07/27/16); $1,078,700 to Magic (07/27/16)

Cash Received ($3.4 million max): None

Transactions:
07/01/15 – Dwyane Wade, Goran Dragic and Michael Beasley became free agents.
07/03/15 – Heat signed Justise Winslow to a four-year, $11.2 million rookie-scale contract (10th pick).
07/09/15 – Heat signed Goran Dragic to a five-year, $85 million contract (with player option on final season).
07/09/15 – Heat signed Gerald Green to a one-year, $1.4 million minimum salary contract.
07/10/15 – Heat signed Dwyane Wade to a one-year, $20.0 million contract.
07/10/15 – Heat signed Amare Stoudemire to a one-year, $1.5 million minimum salary contract.
07/27/15 – Heat traded Shabazz Napier and $1.1 million in cash to Magic in exchange for 2016 top-55 protected second round draft pick.
07/27/15 – Heat traded Zoran Dragic, $1.6 million in cash and its 2020 second-round draft pick to Celtics in exchange for 2019 top-55 protected second round draft pick.
07/25/15 – Heat amended James Ennis’ contract so that his $845,059 salary would no longer become 50% partially guaranteed on 08/01/15 but rather fully so on opening night.
08/03/15 – Heat signed Josh Richardson to a three-year, $2.4 million minimum salary contract.
08/18/15 – Heat signed Keith Benson to a one-year, $845,059 summer contract.
08/21/15 – Heat signed Corey Hawkins to a one-year, $525,093 summer contract.
09/02/15 – Heat amended Hassan Whiteside’s $981,348 salary, which was 25% partially guaranteed, to fully so.
09/03/15 – Heat signed Greg Whittington to a one-year, $525,093 summer contract.
09/28/15 – Heat signed John Lucas III to a one-year, $1,356,146 summer contract.
09/28/15 – Heat signed Tre Kelley to a one-year, $525,093 summer contract.
10/19/15 – Heat waived Corey Hawkins.
10/19/15 – Heat signed Briante Weber to a one-year, $525,093 summer contract.
10/24/15 – Heat waived Keith Benson, Tre Kelley, John Lucas III, Briante Weber and Greg Whittington.
10/24/15 – Heat amended James Ennis’ contract so that his $845,059 salary would be 37% guaranteed on 10/28/15.
11/10/15 – Heat traded Mario Chalmers and James Ennis to the Memphis Grizzlies in exchange for Beno Udrih and Jarnell Stokes.

Key Dates:
07/01/15 – 2015-16 salary cap year begins
07/09/15 – Moratorium ends; salary cap adjusts; teams can sign free agents and make trades
07/16/15 – First-round picks become free agents if not given required tenders
09/05/15 – Second-round picks become free agents if not given required tenders
09/29/15 – Training camp begins
10/01/15 – Last day a restricted free agent can accept a qualifying offer
10/24/15 – Final day to waive non-guaranteed contracts without incurring a cap hit
10/27/15 – Regular season begins; roster limit decreases to 15 players
11/02/15 – Last day to exercise team options on or extend rookie-scale contracts
12/15/15 – Players (except for those described in 01/15/16 below) who signed a contract before 09/16/15 can be traded
01/05/16 – 10-Day contracts may be signed
01/10/16 – All contracts become guaranteed for the rest of the season
01/15/16 – Players who re-signed before 10/16/15 with Bird or Early Bird rights and received raise greater than 20% can be traded
02/18/16 – NBA trade deadline
04/13/16 – Regular season ends; last day players can be signed; luxury tax calculated as of start of last game
04/16/16 – NBA playoffs begin
05/17/16 – 2016 NBA Draft Lottery
06/02/16 – NBA finals begin
06/23/16 – 2016 NBA Draft
06/25/16 – Last day to exercise player option if player will be a restricted free agent
06/29/16 – Last day to exercise option years (except in rookie-scale contracts and player options for upcoming restricted free agents) and ETOs
06/30/16 – Salary cap year ends; last day to extend qualifying offer, sign extension

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