This blog post will just be an updated piece to keep tabs on what is going on. We’ll start Sunday night, 7/13/14.
In the wake of the Lebron James departure, the Heat are certainly not standing “pat” as the franchise still seeks to be competitive and look towards winning a championship. It definitely becomes harder without Lebron, but this is the mantra for this franchise.
Luol Deng signs for 2 years and $20M. He has an opt out after this next season, but his two year window keeps the Heat’s payroll flexible heading into the 2016 free agency period, when notables like Kevin Durant will be available.
Mario Chalmers re-signs a two year deal. What the terms are exactly have not been revealed but again, expect the two year deal thing to become very repetitive moving forward for the Heat as stated above.
Chris Andersen re-signs with the Heat. What the terms are exactly are not known, but Ira Winderman reports it will be a multi-year deal and the terms will be figured out once the Heat’s situation with regard to the salary cap is finalized. It’s pretty safe to say it, also, will be a two year deal to give the Heat that flexibility it wants for 2016.
Danny Granger and Josh McRoberts have also signed with the Heat and are honoring their vocal commitments to Miami. Initially McRoberts was going to get the mid-level exception (MLE) and Granger was going to receive the bi-annual exception but now with Lebron’s departure, that may change. Both players will be given the same terms as before, but how they are counted against the cap will remain to be seen.
Dwyane Wade and Udonis Haslem are working on their deals.
Chris Bosh re-signed a 5 year $118M maximum deal. This was the first domino that would help put things in place for the rest of the team. With Lebron’s decision to go back to Cleveland, Bosh’s decision provided a lot of stability and a stop to the bleeding.
The other free agents for the Heat have not yet been given deals and their status, at this time, is unknown. Ray Allen may stay, but he may also leave to play with Lebron in Cleveland. Michael Beasley, James Jones, Greg Oden, Rashard Lewis, and Toney Douglas are waiting. Shane Battier is retiring.
Dwyane Wade re-signs with the Miami Heat in probably one of the most generous deals a player of Wade’s status could offer a team.
Wade calls Miami his “home” and returns as one of the rare “Heat-lifers” that you can put up next to Alonzo Mourning. The specifics of the deal are not yet released, but it is estimated to be less than the $20.2M he was signed for over the next few seasons. Wade has a two year deal with a player option in year two, which puts the Heat in place as major players for the 2016 free agency period.
Udonis Haslem has also re-signed, and, like Wade, showed financial sacrifice for stability and a desire to win. According to Ira Winderman, Haslem opted out of the final year of a $4.6M deal to sign a two year, $5.6M deal. The deal will include the use of a salary-cap exception to fit Haslem onto the roster.
Chris Andersen is also re-signing, and will be squeezed into the salary cap as well. Specifics of that deal have yet to be released but the Heat will apparently use their Bird rights to get Andersen a deal above the salary cap.
As for the rest of the bench, the Heat renounced their rights which means they can only be brought back for the veteran minimum. Haslem was included in that group, but the exception will be used to bring him back. Of the group the Heat renounced, Shane Battier and Juwan Howard are retired (Howard retired prior to last season). That means Ray Allen, James Jones, Michael Beasley, Toney Douglas, and Rashard Lewis could each return using the veteran minimum. The Cavs recently announced signing Mike Miller, so it remains to be seen if Ray Allen will stay in Miami or chase after Lebron James.
The Heat also signed James Ennis and Justin Hamilton.