The Miami Heat extended contracts for qualifying offers to point guard Chris Quinn, forward Kasib Powell and forward Dorell Wright.
This moves means that the Heat can match any offer when free agency begins July 1st. Quinn, Powell and Wright have the right to accept the Heat’s offers for their 2008-2009 salaries if no other team surpasses those offers.
For Wright, the qualifying offer is about $2.4 million while for Quinn and Powell the qualifying offers remain around the league minimum. Should a team offer contracts that give a significant jump, the Heat have the right to match the deal but may not do so depending on their situation after the draft is over and looking ahead to the big free agent summer of 2010.
It has always been Pat Riley’s modus operandi to keep the Heat financially flexible in anticipation of Dwyane Wade’s free agent status as well as to possibly land a few big catches that summer like LeBron James or Chris Bosh.
In Kasib Powell, the Heat have a capable perimeter defender and hard-nosed player they missed when James Posey left for Boston. They also now have 2 D League players on their roster with Stephane Lasme holding a conditional contract heading into next season. It also gives the Heat the freedom to explore other options at PG if they are not able to find something in the draft. Quinn could be retained to add depth if no other team snatches him up with a better deal, of course.