Tag: Miami Heat (Page 43 of 49)

      Lakers pull offer to Odom off the the table

      July 15, 2009 /

      It seems that Lamar Odom and the Lakers have reached something of a stalemate.

      Sources told ESPN.com that Odom and the Lakers had reached an accord entering the weekend on a per-season wage of $9 million for the 29-year-old. But Odom balked at L.A.’s unwillingness to extend an offer spanning more than three years in length and spent the past few days weighing his options.

      Yet it’s believed that Odom has indeed received offers from the Miami Heat and Dallas Mavericks that — because neither Florida nor Texas imposes state taxes — are not as far away in value from the Lakers’ presentation as it would seem.

      Odom would have the ability with either the Heat or the Mavericks to sign a three-year, $19 million contract and negotiate a new deal with full Larry Bird rights in the summer of 2012 or take a five-year deal worth $34 million to bank more overall money, along with the state-tax benefits, than he could in a new three-year deal with the Lakers.

      It’s funny how certain things come to light as these deals are made, or in this case, not made. California’s tax rate for people making more than $1 million is 10.3%, while Florida and Texas do not tax personal income. That means that the Lakers’ three-year offer is worth about $8 million per season after state taxes, or just over $24 million total. Compare that to the deals that the Mavs and Heat could offer ($19 million for three years or $34 million for five years) and a mid-level deal in a state with no income tax isn’t too far off.

      Still, why would Odom reject the Lakers’ offer if everyone knows it’s the best that he has available? Portland isn’t interested, though that could change if the Jazz match the Blazers’ offer sheet to Paul Millsap. None of the other teams with cap space seem too eager to make a run at Odom, so it seems strange that he is playing hardball here. It’s not like he has a history of playing consistent basketball year in and year out. As far as his on-court performance is concerned, the guy is kind of a flake.

      My guess is that Odom’s camp waits to see what happens with Portland then come back to the Lakers and accept this three-year deal. But one wonders if Jerry Buss is sick of playing games and might decide to stick it to Odom if/when he comes crawling back.

      NBA, News, Rumors & Gossip

      Allen Iverson struggling to find a home

      July 13, 2009 /



      Allen Iverson continues to explore his options on the free agent market, but it’s not like he has teams tripping over each other for his services. There’s mutual interest between AI and the Heat, but Miami doesn’t want to pony up.

      Allen Iverson asked for the $5.8 million midlevel exception from the Heat in a one-year deal, but Miami has been reluctant to pay him much more than $2 million, if that. Iverson also is exploring Memphis and Charlotte, but Miami would be his preference if money is equal. The Heat spoke with the agent for Andre Miller — who’s in a stalemate with Philadelphia — but hasn’t pursued a sign-and-trade, and Miller wants more than the midlevel.

      Memphis is also interested and Grizzlies owner Michael Heisley speculated about why the Heat aren’t willing to offer Iverson a mid-level deal.

      Heisley indicated Sunday that Iverson is “only looking for a one-year contract,” which actually would mesh with Miami’s intent to add no players with contracts stretching past next season to preserve maximum flexibility to re-sign Wade and land him at least one marquee teammate in the summer of 2010. Yet it’s believed that the Heat are reluctant to come close to the $5 million for next season that the Grizzlies are reportedly prepared to pay, since Miami is already in luxury-tax territory.

      The Heat are sitting at about $69.86 million which is a hair below the threshold of $69.92 million. If they sign Iverson, they’ll go into luxury tax territory and will have to essentially pay a dollar-for-dollar tax on AI’s entire salary. Not only would they miss out on the reward for being under the luxury tax, but they’d have to pay the tax themselves. Therefore, a contract worth $2 million could perhaps cost the Heat $5.5 million (or more), depending on how many teams are over the threshold and how big the payout turns out to be.

      It’s strange to see a player of Iverson’s stature fighting for table scraps on the free agent market. He was once a franchise player, but his disastrous stint in Detroit (resulting from his distaste for coming off the bench) and his ball-dominant style has created an environment in which most teams are extremely leery of utilizing his services. True contenders don’t want to participate in an experiment that has a good chance of backfiring while the lower echelon playoff teams don’t see Iverson as the game-changer needed to put them over the top.

      He has proven that he is not willing to what’s best for the team (by coming off the bench), so why would a good team want to add him? The Heat are interested because he’ll put butts in the seats and would probably add a few wins, which might help to convince Dwyane Wade to stay in Miami.

      NBA, News, Rumors & Gossip

      NBA announces 2009 salary cap, warns about 2010

      July 8, 2009 /

      The new salary cap figure is out, and it dipped slightly from last season.

      The new figures for 2009-10 just announced by the league have set the salary cap at $57.7 million per team — down $1 million from $58.7 from 2008-09 — and the luxury-tax threshold at $69.9 million.

      More importantly, the league is projecting a much bigger drop (as much as $8 million) heading into the 2010 season.

      The official league memorandum, obtained by ESPN.com, forecasts a dip in basketball-related income in the 2009-10 season of 2.5 percent to 5 percent, which threatens to take the 2010-11 cap down some $5 million to $8 million from last season’s $58.7 million salary cap.

      A significant drop for the luxury-tax threshold is also projected going into the summer of 2010. If basketball-related income drops by 2.5 percent in 2009-10, league officials are projecting a 2010-11 salary cap of $53.6 million and a luxury-tax line of $65 million. If BRI, as it is referred to in the NBA, decreases by five percent, teams would be looking at a $50.4 million salary cap and a luxury-tax line of $61.2 million in 2010-11.

      What does this mean? Well, a team like the New York Knicks, who are projected to have a payroll of about $23 million heading into 2010 would have had about $35 million to spend had the cap stayed at $58 million. That’s plenty of money to sign to superstars. If the cap drops $5-$8 million, it means that they’re projected cap space will be in the $27-$30 million range. That makes signing two “max” players quite tough.

      This is probably good news for teams looking to retain their superstars, since they can go over the cap to re-sign players. If the cap does indeed drop to $50 million, it would increase the chances of LeBron James, Dwyane Wade and Joe Johnson staying put.

      NBA, News, Rumors & Gossip

      Does Dwyane Wade’s future depend on LeBron?

      May 7, 2009 /

      The short answer is…maybe.

      Have you noticed how all of this LeBron-to-the-Knicks talk has died down as the Cavs put up the best record in the NBA this season? That’s because Cleveland is a favorite to make the Finals, and with the way the Lakers are struggling against the Rockets out West, the Cavs are looking more and more like an NBA champion. If they do manage to win a title this year (or next), it will be very difficult for LeBron to jump ship without looking like a total a-hole. So he won’t. If he wins a ring, he’ll stay in Cleveland.

      So the Knicks will have to look elsewhere for their superstar — enter Dwyane Wade. As Dave Hyde of the Sun-Sentinel writes, the Big Apple would be an attractive destination for Wade.

      The Knicks have the money. They have the allure. They have coach Mike D’Antoni’s fun style. They can tell Wade he would revive Knicks basketball and get the kind of spotlight only New York offers such stars. Who wouldn’t be tempted by all that?

      So Hyde advocates that instead of waiting for 2010 and trying to add a star big man like Chris Bosh or Amare Stoudemire while at the same time re-signing Wade, the Heat should go ahead and trade Michael Beasley to Toronto for Bosh this summer.

      So there’s the Armageddon scenario for the Heat: It advances only slightly next year, misses on Bosh, has the Knicks singing a siren song to Wade … and loses him.

      If you’re Riley, do you risk that? All for Beasley, who, much as I like him, posed as many questions as answers this season? Even Wade, who measures his words, allowed as to how Beasley frustrated him at times with the immaturity.

      The best way to sign Wade this summer is to offer concrete evidence he can win big here. That means landing his friend, Bosh. They were Olympians together. They share the same agent. They respect each other greatly.

      That’s why the smartest move to make is trading the salary-matching pair of Beasley and Mark Blount to Toronto for Bosh.

      It’s an attractive scenario to wait until 2010 and add Bosh to a lineup that includes Wade and Beasley. But there’s a good chance that Bosh could sign with Cleveland or that the Knicks could come in and steal both Bosh and Wade away from the Heat. Why risk a future with Wade for the promise of Beasley? While it sounds a little crazy to trade a young player with a ton of upside for a guy you might be able to sign outright the next summer, it’s risk versus reward. A Wade/Bosh combo would guarantee the Heat would compete in the East for the next five years. Throw in the steady Udonis Haslem, a more mature Mario Chalmers and a small forward to be named later, and Heat would have a nice lineup. But the biggest reason the Heat should acquire Bosh is that it will almost guarantee that Wade re-ups as well.

      Now the question is — will the Raptors go for it?

      NBA, Rumors & Gossip

      Beasley and Chalmers fined repeatedly throughout season

      May 6, 2009 /

      Rookies Michael Beasley and Mario Chalmers were fined before the season by the NBA and during the season by the Heat for breaking team rules.

      The number of fines not only caught the attention of Heat President Pat Riley, but had team staffers addressing the rookies during the season about the penalties that were subtracted from their paychecks.

      Spoelstra said none of the fines was for missing practice or showing up late for such sessions, declining to go into detail about the volume or specifics.

      “In terms of your actual practice time, [Beasley] wouldn’t miss practice, he was never late for practice, he wouldn’t miss a turn in practice,” the first-year coach said. “And once you get out there and get him on the practice floor, he’ll work for you, he’ll drill for you, he’s coachable.

      “It’s all the other things behind the scenes. That’s part of maturing.”

      Beasley acknowledged work remains.

      “When it comes to playing and it comes to game time and doing my job, I’m always on time, I’m professional,” he said. “There’s some stuff I’ve still got to work on.”

      I don’t know whether or not it is deserved, but Beasley already has a little bit of a bad rep when it comes to his attitude. Bill Simmons had some harsh words for Beasley, though I doubt he attended any Heat practices or has ever met the rookie.

      [Discussing Jason Thompson] You know, if Michael Beasley wasn’t such a colossal disappointment and semi-fraud, the 2008 draft could have ranked among the best ever.

      [Discussing Jeff Green] Great teammate, tough as nails, gives a crap, does whatever you need. He’s the anti-Beasley.

      These words prompted me to ask, “What kind of rookie season is Michael Beasley having?” back in February. Statistically, his rookie season was pretty solid, so whatever reputation he’s building has to do with the qualitative aspects of the game. It’s going to be interesting to see how he progresses in his second season.

      NBA, News, Rumors & Gossip

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