After taking steps to maximize roster flexibility over the past 18 months, the Heat will likely need it as they try to rebuild in the wake of a first-round sweep, writes Bobby Marks of ESPN. Jimmy Butler ($36M), Bam Adebayo ($28.1M), Tyler Herro ($4M), Precious Achiuwa ($2.7M) and KZ Okpala ($1.8M) are the only players with guaranteed contracts for next season, but Miami can choose to operate above or below the cap depending on its other roster decisions.
The Heat have been prioritizing cap space for this summer, originally hoping to take advantage of a stellar free-agent class that included Giannis Antetokounmpo, Paul George and LeBron James. That route has lost some luster with those players all agreeing to extensions, but Miami’s cap room will still be an asset.
The team could have about $21M available, Marks notes, or $27M if it doesn’t make qualifying offers to Kendrick Nunn and Duncan Robinson, which would cut their cap holds from $4.7M to $1.7M each. However, Marks adds that the Heat would consider that route only if they’re assured that both players will re-sign after their cap space is exhausted. Miami would also have to decline team options on Andre Iguodala and Goran Dragic by the Aug. 1 deadline and renounce its rights to Trevor Ariza and Victor Oladipo.
The other choice is operating over the cap, which means keeping or trading some of the veterans, but it also risks cutting into potential cap space for 2022-23.
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