|Ryan Anderson (W)||$5,214,583||$5,214,583|
|A.J. Hammons (W)||$350,087|
Quick: Over the cap and hard-capped by the Kyle Lowry sign-and-trade.
Salary Cap: $112,414,000
Luxury Tax Threshold: $136,606,000
Hard Cap: $143,002,000
Projection for 2022-23 (cap $119 million): Over the cap.
Roster Count: 14 guaranteed, one two-way, one summer contract
PG: Kyle Lowry, Gabe Vincent, Marcus Garrett (two-way)
SG: Duncan Robinson, Tyler Herro, Max Strus, Victor Oladipo (injured), DJ Stewart Jr (summer contract)
SF: Jimmy Butler, KZ Okpala
PF: PJ Tucker, Markieff Morris, Udonis Haslem
C: Bam Adebayo, Dewayne Dedmon, Omer Yurtseven
*Note: Teams often adjust their depth chart throughout the season, sometimes game by game.
- Non-Taxpayer Mid-Level Exception — $2,536,000 (P.J. Tucker)
- Bi-Annual Exception — $3,732,000
Non-Guaranteed Salaries — Next Cut-Down Date*
- DJ Stewart Jr $925,258 — 1/7/22
* Players and teams can agree to push back cut-down dates but not past January 7 each year.
- Tyler Herro (fourth-year)
Waived Players: None
Traded Players: Goran Dragic, Precious Achiuwa
G-League Affiliate: Sioux Falls Skyforce (general manager Eric Amsler, coach TBD)
Two-Way Contracts: Marcus Garrett
Note: Two-Way Contracts pay $462,629 for the full 2021-22 season, pro-rated based on in-season signing date.
Governor: Micky Arison
- Nick Arison — chief executive officer
- Pat Riley — president
- Andy Elisburg — senior vice president, basketball operations/general manager
- Adam Simon — vice president, basketball operations/assistant general manager
- Chet Kammerer — senior advisor of basketball operations/basketball
- Keith Askins — director of college & pro scouting
- Chad Kammerer — director of NBA scouting/advance scout
Head Coach: Erik Spoelstra
Assistants: Chris Quinn, Malik Allen, Caron Butler, Octavio De La Grana, Anthony Carter, Rob Fodor, Eric Glass
Trainers: Jay Sabol, Eric Foran (head strength & conditioning coach)
- 2022 — Lowest second-rounder from the Denver Nuggets and Philadelphia 76ers (Bol Manute Bol), may go to the Houston Rockets if the HEAT’s 2022 first is in the lottery.
- 2022 — Houston has the right to swap first-rounders with the Miami HEAT (Victor Oladipo). The Rockets get the higher two of the Brooklyn Nets, Heat (top-14 protected) and Rockets. If Miami’s protections kick in, Houston will keep both the Nets’ and their own firsts, and will instead get the lower of the Denver Nuggets or Philadelphia 76ers’ 2022 second-rounder.
- 2022 — Owe second-rounder to the Indiana Pacers (Thaddeus Young).
- 2023 — Owe first-rounder (lottery protected through 2025, unprotected in 2026) to the Oklahoma City Thunder (Jimmy Butler, Paul George).
- 2023 — The higher second-rounder from the Miami HEAT and Dallas Mavericks to the Oklahoma City Thunder. The higher of (the lower second-rounder from Miami and Dallas) and the Houston Rockets (33-60) goes to the Boston Celtics. The pick that does not go to Boston (including Houston 31-32) goes to the Indiana Pacers (Josh McRoberts, Delon Wright, Bruno Caboclo, Desmond Bane, James Johnson, James Harden). The Thunder may send their resulting second to the New York Knicks (Kemba Walker, Evan Fournier).
- 2024 — Owe second-rounder (in the 51-55 range) to the Atlanta Hawks (Bol Manute Bol).
- 2024 — Owe second-rounder (56-60) to the New York Knicks (Dwyane Wade, Kevin Porter Jr., Jordan Bone, George Hill).
- 2025 — Owe second-rounder to the Indiana Pacers (Thaddeus Young).
- 2026 — Owe second-rounder to the Indiana Pacers (Thaddeus Young), may got to the Memphis Grizzlies (Isaiah Todd, Grayson Allen) or San Antonio Spurs (Doug McDermott).
- 2027 — The three highest second-rounders from the Oklahoma City Thunder, Houston Rockets, Miami HEAT and Pacers go to the Thunder, the lowest goes to the Utah Jazz (Trevor Ariza, Derrick Favors, Isaiah Todd).
Cash Paid ($5,785,000 max): $0
Cash Received ($5,785,000 max): $0
- 9/19/21 — No-trade restriction lifts on Marcus Garrett.
- 10/19/21 — First day of the 2021-22 regular season.
- 10/31/21 — Team option on Tyler Herro.
- 12/15/21 — No-trade restrictions lift on Udonis Haslem, Markieff Morris, Kyle Lowry, PJ Tucker, Omer Yurtseven, Victor Oladipo, Max Strus, Gabe Vincent, DJ Stewart Jr and Dewayne Dedmon.
- 1/7/22 — DJ Stewart Jr’s $925,258 guarantees for 2021-22.
- 1/15/22 — No-trade restriction lifts on Duncan Robinson.
- 4/10/22 — Final day of the 2021-22 regular season.
- 6/23/22 — NBA Draft.
- 6/29/22 — Player option on PJ Tucker.
- 6/29/22 — Gabe Vincent and Max Strus’ $1,815,677 guarantee for 2022-23.
- 6/29/22 — Omer Yurtseven’s $1,752,638 guarantees for 2022-23.
- 6/29/22 — Qualifying offer deadlines for KZ Okpala and DJ Stewart Jr.
- 7/1/22 — Start of the 2022-23 calendar year and moratorium.
- 7/5/22 — Final day of the moratorium.
- Before the first day of the 2022-23 season — Extension deadline for Tyler Herro.
- 6/29/23 — Qualifying offer deadlines for Tyler Herro and Omer Yurtseven.
- Before the first day of the 2023-24 season — Extension deadline for Precious Achiuwa
- 6/29/24 — Qualifying offer deadline for Precious Achiuwa.
- 6/29/25 — Player option for Jimmy Butler.
- 6/29/25 — Duncan Robinson’s early termination option.
- Two days after the 2025-26 moratorium (or via incentives, TBD) — Duncan Robinson’s $19,888,000 salary guarantees for 2025-26.
- TBD – Marcus Garrett’s two-way details.
Teams and players can renegotiate guarantee dates but no later than January 7 each year.
- 8/1/21 — Issued qualifying offers to Duncan Robinson, Kendrick Nunn, Max Strus and Gabe Vincent.
- 8/1/21 — Opted Goran Dragic into his final season.
- 8/1/21 — Opted Andre Iguodala and Omer Yurtseven out of their final seasons.
- 8/1/21 — Declined to issue a qualifying offer to Omer Yurtseven.
- 8/2/21 — Bam Adebayo’s poison pill expired.
- 8/3/21 — Revoked Kendrick Nunn’s qualifying offer.
- 8/6/21 — Re-signed Duncan Robinson to a partially-guaranteed five-year $90 million contract via Full Bird Rights, early termination option in the final season.
- 8/6/21 — Traded Goran Dragic and Precious Achiuwa to the Toronto Raptors for Kyle Lowry via sign-and-trade to a three-year $85,000,002 contract.
- 8/6/21 — Re-signed Dewayne Dedmon to a one-year $2,389,641 minimum contract.
- 8/6/21 — Signed Markieff Morris to a one-year $2,641,691 minimum contract.
- 8/6/21 — Re-signed Max Strus to a partially-guaranteed two-year $3,484,855 minimum contract.
- 8/6/21 — Re-signed Gabe Vincent to a partially-guaranteed two-year $3,484,855 minimum contract.
- 8/6/21 — Re-signed Omer Yurtseven to a partially-guaranteed two-year $3,241,703 minimum contract.
- 8/7/21 — Jimmy Butler opted into his final season (2022-23).
- 8/7/21 — Jimmy Butler re-signed to a $141,693,300 extension, adding three additional year, player option on the final season.
- 8/7/21 — Re-signed Victor Oladipo to a $2,389,641 minimum contract.
- 8/7/21 — Signed PJ Tucker to a two-year $14,350,000 contract via the non-taxpayer mid-level exception, player option on the final season.
- 8/15/21 — Re-signed Udonis Haslem to a $2,641,691 minimum contract.
- 8/16/21 — Signed DJ Stewart Jr to a non-guaranteed $925,258 minimum summer contract (Exhibits 9 and 10).
- 9/2/21 — Signed Marcus Garrett to a two-way contract.
No-Trade: Dewayne Dedmon (One-Year Bird), Victor Oladipo (One-Year Bird), Udonis Haslem (One-Year-Bird)
- Jimmy Butler — 15 percent
Note: Players can waive their trade bonuses.
Expired 10-Day Contracts: None
Unsigned Draft Picks
- First-rounders: None
- Second-rounders: Roberto Duenas (1997-58th), George Banks (1995-46th)
Rookie-Scale Extension Eligible
Free Agents (with Cap Holds)
- Early Bird: Dwyane Wade*** ($1,669,178)
- Non-Bird: Jordan Mickey*** ($1,669,178)
*** Cannot be included in a sign-and-trade
Arena: American Airlines Arena
Salary and team data change quite often. If you notice a discrepancy, please notify Basketball Insiders Senior Writer Eric Pincus.
(Updated on 9/3/21)
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