Miami Heat Team Salary

Quick: Over the cap and hard-capped via the Jimmy Butler sign and trade.

Salary Cap: $109,140,000

Luxury Tax Threshold: $132,627,000

Hard Cap: $138,928,000

Projection for 2020-21 ($116 million cap): Up to $32.3 million in cap space, none if James Johnson and Kelly Olynyk opt in.

Roster Count: 14 guaranteed, two two-ways

Depth Chart*:
PG: Justise Winslow, Goran Dragic
SG: Jimmy Butler, Kendrick Nunn, Tyler Herro, Chris Silva (two-way), Gabe Vincent (two-way), Dion Waiters
SF: Duncan Robinson, Derrick Jones, KZ Okpala
PF: Bam Adebayo, James Johnson, Udonis Haslem
C: Meyers Leonard, Kelly Olynyk

*Note: Teams often adjust their depth chart throughout the season, sometimes game by game.

Exceptions

Trade Exception (Wayne Ellington, expiring 2/6/20) — $6,270,000
Mid-Level Exception — $9,258,000
Bi-Annual Exception — $3,623,000

Waived Players: Ryan Anderson (stretched), Yante Maten, Mychal Mulder, Jeremiah Martin, Skyler Flatten, Babu Palo, Davon Reed, Kyle Alexander, Daryl Macon (two-way)

Traded Players: Hassan Whiteside, Josh Richardson

Expired 10-Day Contracts: None

G-League Affiliate: Sioux Falls Skyforce (general manager Eric Amsler, Coach Eric Glass)

Two-Way Contracts: Chris Silva, Gabe Vincent

Two-Way Daily Rate in NBA/G-League: TBD

Coaching Staff

Head Coach: Erik Spoelstra

Assistants: Juwan Howard, Keith Smart, Malik Allen, Chris Quinn (player development), Anthony Carter (player development)

Trainers: Jay Sabol, Bill Foran (strength and conditioning)

Basketball Executives:

Pat Riley — president of basketball operations
Andy Elisburg — general manager
Adam Simon — vice president, basketball operations/assistant general manager
Eric Amsler — director of scouting/player personnel

Pick Swaps

2020 — Owe second-rounder to the Sacramento Kings (Zoran Dragic, Kyrie Irving, George Hill).
2021 — Owe first-rounder to the Oklahoma City Thunder (Goran Dragic, Mikal Bridges, Tobias Harris, Paul George).
2021 — Owe second-rounder to the Sacramento Kings (Brian Roberts, Gary Trent Jr.).
2022 — Owed second-rounder from the Denver Nuggets (Bol Manute Bol), may come from the Philadelphia 76ers.
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 — Owe second-rounder to the Dallas Mavericks or Memphis Grizzlies (Josh McRoberts, Delon Wright).
2024 — Owe second-rounder (in the 51-55 range) to the Atlanta Hawks (Bol Manute Bol).
2024 — Owe second-rounder (not in the 51-55 range) to the Philadelphia 76ers (Dwyane Wade, Kevin Porter Jr., Jordan Bone).
2025 — Owe second-rounder to the Indiana Pacers (Thaddeus Young).
2026 — Owe second-rounder to the Indiana Pacers (Thaddeus Young).

Cash Paid ($5,617,000 max): $0

Cash Received ($5,617,000 max): $0

Deadlines:

10/31/20 — Team option on Tyler Herro.
2/6/20 — Wayne Ellington trade exception expires.
6/29/20 — Player option for Kelly Olynyk and James Johnson.
7/15/20 — Duncan Robinson’s salary guarantees at $1 million for 2020-20.
Before first day of 2020-21 season — Extension deadline on Bam Adebayo.
First day of the 2020-21 season — Duncan Robinson and Kendrick Nunn’s $1,663,861 guarantees for 2020-21.
6/29/21 — Team option deadline for Justise Winslow.
6/29/21 — Qualifying offer deadlines for Bam Adebayo, Duncan Robinson and Kendrick Nunn.
10/31/21 — Team option on Tyler Herro.
6/29/22 — Player option deadline for Jimmy Butler.
Before first day of the 2022-23 season — Extension deadline for Tyler Herro.
6/29/23 — Qualifying offer deadline for KZ Okpala.
6/29/24 — Qualifying offer deadline for Tyler Herro.

Teams and players can renegotiate guarantee dates. The NBA’s general cut-down date is January 10, although players need to clear 48 hours of waivers.

Transactions

5/14/19 — Received the 13th pick in the draft lottery.
6/13/19 — Goran Dragic opted into his $19,217,900 salary.
6/19/19 — Traded a 2024 second-rounder (protections TBD) and cash (TBD) to the Atlanta Hawks for the 44th pick in the draft.
6/20/19 — Drafted Tyler Herro (13th) and Bol Manute Bol (44th).
6/21/19 — Hassan Whiteside opted into his $27,093,018 salary.
6/21/19 — Traded the rights to Bol Manute Bol (44th) to the Denver Nuggets for a 2022 second-rounder and $1.2 million.
7/1/19 — Kendrick Nunn’s salary guaranteed at $50,000 for 2019-20.
7/6/19 — Waived and stretched Ryan Anderson.
7/6/19 — Traded Hassan Whiteside to the Portland Trail Blazers and a first-rounder to the Los Angeles Clippers for Meyers Leonard from the Blazers and Jimmy Butler on a four-year $140,790,600 contract (player option in the final season), via sign and trade from the Philadelphia 76ers.
7/6/19 — Traded three second-rounders to the Indiana Pacers for the rights to KZ Okpala (32nd) from the Phoenix Suns.
7/7/19 — Signed KZ Okpala (2019-32nd) to a three-year $4,198,912 contract.
7/10/19 — Signed Kyle Alexander to a non-guaranteed $898,310 minimum summer contract (exhibit 10).
7/10/19 — Signed Tyler Herro (2019-13th) to a $17,166,348 rookie-scale contract.
7/11/19 — Signed Jeremiah Martin to a non-guaranteed $898,310 minimum summer contract (exhibit 10).
7/11/19 — Signed Chris Silva Martin to a non-guaranteed $898,310 minimum summer contract (exhibit 10).
7/15/19 — Duncan Robinson’s salary guaranteed at $1 million for 2019-20.
7/29/19 — Waived Yante Maten.
8/1/19 — Derrick Jones’ $1,645,357 guaranteed for 2019-20.
8/1/19 — Kendrick Nunn’s salary guaranteed at $150,00 for 2019-20.
8/6/19 — Re-signed Udonis Haslem to a $2,564,753 contract.
9/4/19 — Signed Davon Reed to a $1,620,564 minimum summer contract.
9/11/19 — Picked up the fourth-year rookie-scale option on Bam Adebayo.
9/16/19 – Signed Mychal Mulder to a non-guaranteed $898,310 minimum summer contract.
9/20/19 — Signed Daryl Macon to a non-guaranteed $1,445,697 minimum summer contract.
10/15/19 — Waived Mychal Mulder and Jeremiah Martin.
10/15/19 — Signed Skyler Flatten to a non-guaranteed $898,310 minimum summer contract.
10/15/19 — Signed Bubu Palo to a non-guaranteed $898,310 minimum summer contract.
10/18/19 — Converted Chris Silva to a two-way contract.
10/19/19 — Waived Skyler Flatten, Babu Palo, Davon Reed and Kyle Alexander.
10/19/19 — Converted Daryl Macon to a two-way contract.
10/23/19 — Kendrick Nunn’s salary guaranteed at $450,000 for 2019-20.
1/8/20 — Waived Daryl Macon (two-way).
1/8/20 — Signed Gabe Vincent to a two-way contact.
1/10/20 — Duncan Robinson and Kendrick Nunn’s $1,416,852 guaranteed for 2019-20.