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Miami Heat Complete Buyout Agreement with Beno Udrih

February 29th, 2016 3 comments
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Miami Heat point guard Beno Udrih is out of commission for three months after undergoing surgery on Thursday to repair a torn plantar plate in his right foot. Apparently, however, that doesn’t mean he can’t still contribute.

The Heat has been locked in a seemingly endless on-again, off-again battle with the luxury tax thus far this season. On July 10th, it was $11.3 million over the threshold. Eight months and five trades later, Miami accomplished its season-long goal to drop below the tax threshold at the trade deadline, by a mere $218,000.

Then, on Thursday, Joe Johnson was released from his contract by the Brooklyn Nets. He cleared waivers two days later. Just over an hour after that, he was an official member of the Heat, signing a rest-of-season minimum salary contract. The $261,894 salary cap hit associated with the contract vaulted the Heat right back over the tax line, by $43,894. 

Earlier today, the Heat waived Udrih in conjunction with a buyout. According to Eric Pincus, Udrih agreed to give up $90,000, which again takes the Heat below the tax threshold, presumably this time for good. The Heat now officially stands at $46,106 below the tax level. The roster currently stands at 13, two players below the 15-player maximum.  Read more…

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