If the Miami Heat haven’t exactly lived up to expectations thus far this season, it isn’t because of their spending.
Despite making some unpopular moves last summer – utilizing the amnesty provision to waive Mike Miller, declining to utilize the mid-level exception – the Heat spent more on player payroll this season than in any other season in team history.
The Heat ended the regular season with a team salary of $80.6 million – which, perhaps surprisingly, amounts to $2.8 million less than last season’s record total.
But team salary isn’t an accurate depiction of a team’s actual spending on player payroll and related costs. There are several adjustments that need to be taken into account.
First, team salary doesn’t factor in mid-season trades. For example, if a team trades a player midway through the season, his salary comes off team salary entirely, even though salary payments will have already been made. Joel Anthony and Roger Mason, Jr. were each traded during the season. Prior to their trades, they had received a combined $2.4 million in salary payments from the Heat. Conversely, the Heat received Toney Douglas in trade midway through the season. Though his $1.6 million salary appears on the Heat’s team salary, the Heat itself was only responsible for $856K of that total. Adjusting appropriately for these trades, then, takes the team’s payroll to $82.2 million. Read more…