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Miami Heat Receive Josh McRoberts Disabled Player Exception

December 26th, 2014 No comments
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The Miami Heat lost Josh McRoberts for the rest of the season after he underwent surgery to repair the torn lateral meniscus in his right knee last Monday. As a result, the league office has granted the Heat a disabled player exception equal to half his salary, or $2.65 million.

The Heat can use the exception to acquire one player to replace him:

  • The Heat can sign a free agent to a contract for the rest of the season only, with a salary of up to $2.65 million.
  • The Heat can trade for a player in the last season of his contract only (including any option years), who is making no more than $2.75 million.
  • The Heat can claim a player on waivers who is in the last season of his contract only (including any option years), who is making no more than $2.75 million.

McRoberts’ status with the team will not be affected. He will continue to count as one of the NBA-maximum 15 players on the roster. He can return to the active roster before season’s end if he is able to do so (and any replacement player would not be affected). He can be traded while injured. However, if he does return or is traded before the Heat has used the exception, the team would lose it. Otherwise, it expires on March 10.

The Heat had hoped to use the exception to lure free agent forward Josh Smith to Miami. The Detroit Pistons made an abrupt and shocking move to release Smith last Monday, despite $36 million in guaranteed money still to be paid on his contract. Players that good who are owed that much money virtually never hit the open market in such fashion. Smith, however, chose to sign with the Houston Rockets.

The Heat must now look elsewhere in its search for a player who can replace the injured McRoberts and help improve a thin power rotation. Potential targets are both intriguing and problematic.  Read more…

Heat Apply for Disabled Player Exception, Set Sights on Josh Smith

December 22nd, 2014 No comments
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The Miami Heat formally applied to the league office for a disabled player exception on Monday, shortly after Josh McRoberts had season-ending surgery to repair the torn lateral meniscus in his right knee, in a move they hope will help them land soon-to-be free agent Josh Smith.

The Detroit Pistons made an abrupt and stunning move to release Smith earlier in the day, despite $36.0 million in guaranteed money still to be paid on his contract. His contract has an additional $9.0 million still to be paid on his $13.5 million salary for this season, and calls for salaries of $13.5 million in each of the following two seasons as well.

Smith will now spend 48 hours on waivers, during which time any team with the necessary cap space or a qualifying exception large enough to absorb his $13.5 million salary cap hit can make a claim to pick up the remainder of his contract. The only such team is the Philadelphia 76ers, which is not about to do so.

At 5 p.m. on Wednesday, Smith will clear waivers and become an unrestricted free agent, free to sign with the team of his choosing. Players this good who are owed this much money virtually never hit the open market in this fashion.

A number of teams have expressed an interest in signing Smith once he clears waivers, including the Heat, Houston Rockets, Dallas Mavericks, Sacramento Kings, Los Angeles Clippers and Memphis Grizzlies.  Read more…

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