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Posts Tagged ‘Dwyane Wade’

Pat Riley Addresses the Miami Heat Summer

July 17th, 2016 1 comment
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The following post attempts to parse through the eloquent words of Pat Riley, delivered at his press conference on Saturday, to arrive at their true meaning.

Things are not always necessarily what they seem.

During a press conference on Saturday to discuss the state of his Miami Heat team, Pat Riley opened up about the sadness he feels for having lost Dwyane Wade, the team’s most important ever player.

“What happened with Dwyane floored me. And I’m going to miss the fact of what I might have had planned for him and his future and how I saw the end and my thought process in how I could see his end here with the Heat… It’s not going to be the same without him… I have been here when Zo left, Shaq left, when Brian Grant, Eddie Jones. But Dwyane is unique.”

After 13 seasons, Wade is gone. Officially signed by the Chicago Bulls.

Wade will get paid $47.0 million over the next two years, with a player option on the second season. That’s more than the Heat’s two-year, $40.0 million offer. But this wasn’t about the money.

Wade’s decision was predicated on a deteriorating relationship that resulted from a fundamental difference in philosophies. A difference that was two years in the making.  Read more…

Framing the Dwyane Wade — Miami Heat Dilemma

July 4th, 2016 8 comments
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Update: The Heat has reportedly offered Dwyane Wade a two-year, $40 million contract with a player option on the second year that would allow him to become a free agent next summer. My guess is that he will, at the very least, push the Heat to add a third year to the contract which, for reasons stated below, the Heat will strongly resist. 

For the second straight summer, the Miami Heat and its star free agent Dwyane Wade and are having difficulties reaching conclusion on a new contract. Only this time around, things feel significantly more serious. Dire even.

Wade is frustrated.

He’s frustrated at having been asked to stand pat as Pat Riley and the Heat organization made its first priority for the summer to retain Hassan Whiteside, and second priority to pursue the never realistic pipe dream that was Kevin Durant. Wade, a future All-Star is no third option – particularly when successful pursuits of either or both of the first two severely limits that which is left over for the organization to compensate himself.

He’s frustrated by what appears to be an unwillingness by Riley to offer an adequate contract. A total of 10 unrestricted free agent shooting guards have come to agreements on new contracts thus far this summer. The average payout: $18 million per season. Average length: Four years. Combined All-Star selections: Two.

Even Wade’s own backup, Tyler Johnson, received an offer sheet from the Brooklyn Nets that will pay him an average of $12.5 million per season, and that was reportedly less than other teams were willing to offer.

Wade’s salary demands are unknown, but perhaps not all that dissimilar to what they were last season: perhaps three-years, somewhere in the range of $60 million.

His desire for such a contract can easily be justified. He has guided the Heat to five NBA finals and three titles. He played a critical role in luring LeBron James and Chris Bosh to Miami. He has sacrificed $25 million in salary in order to give the Heat flexibility over the past six years (a disputable amount, considering the sacrifice surely benefited himself as much as it did the organization). And, perhaps most importantly, his on-court play, in this market, is worthy of it.

The Heat would surely love to give Wade every last penny he wants in theory, but paying him what he’s seeking would present significant challenges in practice.

The team currently has $18.9 million of cap space. With that, it could build out a potential three-year, $61 million contract (or even a four-year, $84 million deal).

But, if you were Pat Riley, would you give it to him?  Read more…

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Miami Heat Player-by-Player Overview

May 27th, 2016 1 comment
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I have a request. I try to write posts which I believe are unique, in depth and insightful. I hope you agree. I therefore ask that you please not simply copy my work without providing proper credit. It feels rather awful to see my work being exploited. If just you ask, I am more than willing to help out anyone and everyone in any way I can (and do so on a regular basis behind the scenes).

The Miami Heat will start the summer with just six players under contract for the 2016-17 season – Chris Bosh, Goran Dragic, Josh McRoberts, Justise Winslow, Briante Weber and Josh Richardson. Those six players will cost a combined $49.8 million.

The remaining nine players will become free agents – Dwyane Wade, Luol Deng, Udonis Haslem, Hassan Whiteside, Gerald Green, Amare Stoudemire, Tyler Johnson, Joe Johnson and Dorell Wright. Those nine players will carry a combined $54.7 million in cap holds.

The Heat will therefore technically start the summer over the cap, with a team salary of $104.5 million against a projected salary cap of $92.0 million.

Here is a brief overview of how things can go from there for all 15 current Heat players.  Read more…

Can the Heat Sign Kevin Durant AND LeBron James?

May 25th, 2016 No comments
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“LeBron James promised the city of Cleveland, ‘I’m coming back to bring you that elusive title that has escaped this city since 1964.’ He never said anything about staying once he does accomplish that… I’m hearing about a return to Miami if this man wins. He ain’t going nowhere if he loses. But, if he wins, his options are open. LA, but especially Miami, a return to South Beach.”

That was Stephen A. Smith two days ago, talking about the prospect of LeBron James returning to the Miami Heat, just weeks after he said this about Kevin Durant:

“I believe the team that hasn’t been mentioned that much may be the dark horse in [the chase for impending free agent Kevin Durant this summer], which are the Miami Heat. Consider who the Heat are. You’re led by Pat Riley. You’ve got an exceptional young coach in Erik Spoelstra. You’ve got LeBron and D-Wade having captured two championships together there… Then you take into account the young guys — the Josh Richardsons, the Justise Winslows, the Hassan Whitesides… You add Kevin Durant to that equation and bring back Dwyane Wade, you’re talking instant title contention. Automatically.”

Unlikely as it may be, either James or Durant would be a game-changing free-agent acquisition for the Heat. But why either one? As long as we’re dreaming, why not both?

Why not a scenario whereby the Heat sign both James and Durant, while also also re-signing Dwyane Wade and Hassan Whiteside, and retaining Chris Bosh?

Is it a reasonable possibility? Of course not.

But is it possible? Let’s have some fun and find out.

The concept, ludicrous as it may be, would presumably go something like this:

Kevin Durant and the Oklahoma City Thunder somehow blow their current 3-1 series lead over the Golden State Warriors after two straight blowout victories, leading Durant to become so frustrated over his inability return to the NBA Finals as to consider his alternatives.

LeBron James and the Cleveland Cavaliers push past the Toronto Raptors and somehow go on to beat the Warriors in the NBA Finals, whereupon James decides that he has fulfilled his obligation to his hometown team and is willing to risk again enraging his local fan base for a return trip to Miami.

A summit is held between James, Durant, Wade, Bosh and Whiteside. They contemplate a possible joining of forces. The Heat organization has nothing do to with it, of course.

They use the following assumptions to coordinate a plan of attack to bring to Pat Riley on July 1st:

What is that plan of attack? Here it is, in 13 easy steps:  Read more…

Analyzing the Miami Heat Approach to Dwyane Wade

May 19th, 2016 No comments
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“The whole free agency thing… I don’t want to be in it this summer. I don’t want to be on the market at all…. I’m not curious at all… I want to be able to sign my deal [with the Heat] and move on, and not have to deal with any rumors, any free agency, any this, any that. This is where I want to end my career. So we’ll figure it out.”

That was Dwyane Wade, speaking in February to Barry Jackson of the Miami Herald about his desire to avoid testing the free agent market and instead wanting to wrap up a new deal without any of the drama of last offseason, when he and the Miami Heat were initially so far apart on contract negotiations as to threaten the continued tenure of the future Hall of Famer with the only professional organization he has ever known.

Wade’s preference was for a three-year deal that paid out somewhere in the range of $50 million. The Heat’s preference was for Wade to exercise his $16.1 million player option but, short of that, for him to accept a three-year deal that paid out somewhere in the range of $30 million. The two sides ultimately settled on a one-year, $20 million contract.

The Heat’s primary concern in drawing such a hard line with Wade wasn’t the damage such a large salary would cause for the 2015-16 season, with the Heat projected at the time to become the NBA’s first-ever repeater taxpayer, but rather the destruction it would cause to the team’s flexibility for the 2016-17 and 2017-18 seasons.

What was true then remains true today, which could portend an even more contentious negotiation. And perhaps even that which Wade threatened last year at this time: the end to his tenure as a member of the Miami Heat.  Read more…

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Getting Creative With Dwyane Wade

May 18th, 2016 No comments
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I have a request. I try to write posts which I believe are unique, in depth and insightful. I hope you agree. I therefore ask that you please not simply copy my work without providing proper credit. It feels rather awful to see my work being exploited. If just you ask, I am more than willing to help out anyone and everyone in any way I can.

Dwyane Wade has long proven that winning NBA titles with the only professional organization he has ever known – the Miami Heat — is his primary motivation in playing the sport he loves so much.

His actions for the Heat organization over the course of his brilliant thirteen-year career have served as that proof. He has recruited for it. He has surrendered the spotlight (during the prime of his career) for it. He has sacrificed huge salary dollars — $25 million, to be exact — for it.

Wade may well go down in history as having been perhaps the Heat’s best ever player, despite having never been its highest paid player. He has guided the Heat to five NBA finals appearances and three NBA titles, and has done so while comporting himself with class and dignity.

The future Hall of Fame shooting guard has talked about playing at least three more years. He is likely to want that last large, multi-year contract to close out his career which he so rightly deserves for all that he’s done. But would he be willing to compromise on his desire, if it meant a legitimate shot to pad his title count?

If so, how big of a sacrifice would he be willing to make? And could, or would, the Heat return the favor?

If Wade were willing to make a sizable leap of faith, the Heat could have the tool its needs to manipulate the salary cap to an extreme advantage – maximizing cap space for BOTH this summer AND next summer, all while paying Wade a cumulative total that likely meets or exceeds his current desire.

Let’s review how.  Read more…

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A Preliminary Look at the Miami Heat 2016 Offseason

May 16th, 2016 1 comment
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I have a request. I try to write posts which I believe are unique, in depth and insightful. I hope you agree. I therefore ask that you please not simply copy my work without providing proper credit. It feels rather awful to see my work being exploited. If just you ask, I am more than willing to help out anyone and everyone in any way I can (and do so on a regular basis behind the scenes).

This is the first in a series of eight posts that I believe will cover all aspects of the Miami Heat summer. This one is meant as the general overview. Each subsequent post will cover specific concepts related to this overview in greater detail, as well as provide specific possible scenarios. Though all eight posts are already written, I will publish one per day. 

The NBA salary cap is set to explode higher this summer, from $70 million this past season to an estimated $92 million.

The massive increase will give the Miami Heat a ton of cap room with which to maneuver. Choosing how to allocate it, however, will force the Heat to make some tough decisions.

Miami will start the summer with just six players under contract for the 2016-17 season – Chris Bosh, Goran Dragic, Josh McRoberts, Justise Winslow, Briante Weber ($219K guaranteed) and Josh Richardson (non-guaranteed). Those six players will cost a combined $49.8 million.

Miami will also retain the rights to potential restricted free agent Tyler Johnson.

Due to the nature of Johnson’s contract situation(1), at a cost of just a $1.2 million qualifying offer, Miami will be able to sit back this summer and wait for another team to sign him to an offer sheet which, by rule, can have a starting salary no higher than $5.6 million. Then, assuming it times everything correctly, after all of its cap space is used up elsewhere, the Heat can exceed the cap to match that offer sheet and retain him. If no other team engages with Johnson, the Heat can exceed the cap in signing him to a new contract with a starting salary as high as $6.2 million.

Taking into account the $49.8 million in 2016-17 salaries already on the books, the $1.2 million qualifying offer for Tyler Johnson, and applicable charges for open roster spots, Miami would be left with approximately $40 million in cap space with which to spend on its internal free agents – including Hassan Whiteside, Dwyane Wade, Luol Deng and Joe Johnson, among others – as well as any external free agents it may seek to target.

The Heat could increase its cap space even further if it were to waive and stretch the contract of McRoberts, which has two years and $11.8 million remaining on it. By doing so, the Heat would replace his $5.8 million and $6.0 million salaries for the 2016-17 and 2017-18 seasons, respectively, with a $2.4 million dead-money cap charge that would be placed onto the Heat’s books for each of the next five seasons (through 2020-21). That, in turn, would increase the Heat’s cap space to as much as $43 million.

If Miami could instead somehow find a taker for McRoberts without taking any salary back in return, cap space could grow to $45 million. Beyond player assets and a first-round pick all the way out in the year 2023, however, the Heat doesn’t have much with which to entice a potential trade partner to do so.

Choosing how to allocate that $40 million to $45 million of cap space will be of critical concern.  Read more…

Should the Heat Build Around Goran Dragic and Hassan Whiteside?

February 12th, 2016 No comments
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The foundation of the Miami Heat’s future championship aspirations was supposed to rest largely on the shoulders of point guard Goran Dragic and center Hassan Whiteside.

Dragic was supposed to be a catalyst for the Heat offense, as he was for a Phoenix Suns offense that ranked eighth in the NBA in 2013-14 and seventh through the All-Star break last season before being traded to Miami. He was supposed to allow the Heat to play at pace, having flourished in transition with the Suns. He was supposed to be a force in the pick-and-roll, having been, statistically speaking, the best pick-and-roll ball-handler in the NBA two seasons ago.

Whiteside was supposed to rampage through the NBA with reckless abandon, utilizing his massive 7-foot, 7-inch wingspan to wreak havoc on both ends of the court. His superior shot-blocking, shot-altering and rebounding were supposed to make him the dominant defensive anchor the Heat has long-since coveted. His undeniable potential in the pick-and-roll and developing low-post game were supposed to make him an emerging offensive threat.

Things haven’t necessarily gone as planned.  Read more…

Miami Heat Enter 2015-16 Season As Most Enigmatic Teama in the NBA

October 26th, 2015 No comments
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The Miami Heat may well be the most enigmatic team in the league, as we head into the 2015-16 NBA season.

It is difficult to tell whether Pat Riley is building something special, or relegating his team to the atrocity of mediocrity. The current Heat incarnation is both supremely talented and deeply flawed. It is as promising as it is susceptible to the cruelties of age, injury, poor spacing and poor shooting. It has within it the potential to challenge the Cavaliers for Eastern Conference supremacy and the combustibility to ignite a second straight pre-playoff collapse.

Riley has tossed away multiple first-round draft picks in its effort to chase down LeBron in Cleveland, much like he did to snag him and Chris Bosh five years ago. Only this time around, there is no underlying guarantee that it is going to work.

It is as possible that the Heat has mortgaged its future to build an unremarkable team that will die a slow death as it is that the Heat is in the midst of spectacular turnaround that could vault the team into the realm of the game’s elite. Where within that range the Heat will fare is not yet clear.

Read more…

Miami Heat of the Future Beginning to Take Shape

July 9th, 2015 1 comment
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I have a request. I write posts which I believe are unique, more in depth and more insightful than I can otherwise find elsewhere. I hope you agree. I therefore ask that you please not simply copy my ideas without proper sourcing. It feels rather awful to see my work being exploited. If just you ask, I am more than willing to help out anyone and everyone. 

The NBA announced on Wednesday that the salary cap for the 2015-16 season has increased by 11.0 percent to an all-time high of $70 million. The tax level for the 2015-16 season has increased by 10.3 percent to an all-time high $84.74 million.

These are substantial increases from the league’s previous projections issued just last April – $67.1 million for the salary cap, $81.6 million for the tax level – predicated on the basis of exploding revenues.

What does this mean for the Miami Heat? In terms of flexibility, not a whole lot.

But it does mean huge savings for owner Micky Arison.

The Heat will likely be a taxpayer next season. And that will carry with it severe consequences.

If the Heat exceeds the tax threshold, it would become the NBA’s first team to ever pay the “repeater tax,” which adds an extra $1 for every dollar a team is over the luxury tax threshold, over and above the incremental tax rates that would apply. The repeater tax is triggered when a team has paid the tax in four of the previous five seasons. The Heat has paid the tax in three of the last four years.

For every dollar by which the Heat exceeds the tax level next season, it will need to pay at least $2.50 in taxes. That rate increases to $2.75 per dollar for any incremental amount by which the Heat exceeds the tax by $5 million, increasing further to $3.50 per dollar for any incremental amount by which the Heat exceeds the tax by $10 million, increasing further to $4.25 per dollar for any incremental by which the Heat exceeds the tax by $15 million, and increasing an additional $0.50 for each $5 million increment thereafter.

The Heat entered the summer with two primary, and in many ways conflicting, objectives: Field a competitive yet cost effective team for the 2015-16 season, and maximize cap space for a 2016-17 season during which the salary cap is expected to explode higher on the strength of a new national TV rights deal.

The measure of success in those objectives was to be predicated on the Heat’s dealings with three men: Luol Deng, Goran Dragic, and Dwyane Wade.  Read more…