The Heat clear cap space, trade Cook

Take our picks, please!

The Miami Heat have traded their way out of the first round of Thursday’s NBA draft but, in doing so, cleared more cap space by sending the 18th pick and guard Daequan Cook to Oklahoma City for the No. 32 pick in the second round.

The Heat were not enamored with the quality of players in the draft and wanted to clear cap room, a source told ESPN.com. The net result of losing Cook’s $1.36 million salary and the value of the 18th pick is $3 million.

Actually Cook’s salary for next season ($2.2 million) is what Miami is saving with this deal. But that’s not all. The #18 pick would make around $1.4 million — that’s what last year’s #18 pick, Ty Lawson, made this season — so the Heat will save a total of $3.6 million off of this year’s payroll by essentially giving Cook and the pick away.

I believe this leaves Miami with three players (Michael Beasley, James Jones and Mario Chalmers) under contract and $48 million in cap space, assuming the team waives or trades Jones away by the end of June. Miami’s goal is to sign three big-name free agents and with $48 million in cap space, they can afford to start three players at $16 million per season. They’d have to fill out the roster with a mid-level player and veteran minimum guys, but if they were re-sign Dwyane Wade and add two big-name free agents, the vets would come calling.

My gut tells me that LeBron, Wade and Chris Bosh will all sign with different teams, but that doesn’t mean that Miami won’t be able to sign a combination of Joe Johnson/Rudy Gay and Amare Stoudemire/Carlos Boozer/David Lee. And they may not even have to burn the full $48 million to do so.

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Six Pack of Observations: NBA All-Star Saturday

Last night, the NBA held its Shooting Stars (zzzzz), Skills Challenge (zzzz), Three-Point Shootout and Slam Dunk Contest. Here are a six random observations about the night’s events, which include some breaking news for those that missed the event.

1. It would be nice if the contestants in the Skills Challenge would actually try to win.
Devin Harris looked like he was in another gear compared to his competitors, but struggled with the passing and shooting and ultimately finished second to Derrick Rose who was just about perfect in those parts of the course. Mo Williams looked like he didn’t even want to be there and Tony Parker couldn’t make a jumper to save his life. Harris was the only one that was actually putting forth any effort during the dribbling portion. Most of these guys are more interested in looking cool than looking like they want to win, and that’s a shame.

2. Did Kenny Smith take annoying pills just before the Three-Point Shootout?
When he wasn’t declaring that the eventual champion (Daequan Cook) didn’t have a chance to win the contest, he was flip-flopping like crazy during each round. At one point, during the middle rack of balls, he said that Rashard Lewis didn’t have a chance to advance, and then when Lewis his four out of five on the final rack to advance, Smith said, “I told you so.” I was rooting for Cook just to see Smith eat crow, and he never did. On a side note, Reggie Miller and his sister have the most non-broadcast type voices. I like what Reggie has to say, so he gets a pass, but I’m not sure what Cheryl brings to the table. (To be fair, that’s probably true of any sideline reporter not named Erin Andrews.)


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