The Heat were always going to waive Chris Bosh after March 1, assuming a doctor jointly selected by the league and union rules his blood clots are “of such severity that continuing to play professional basketball at an NBA level would subject the player to medically unacceptable risk of suffering a life-threatening or permanently disabling injury or illness.” And Miami, for good reason, seems pretty confident the doctor would make that determination.
Waiting until after March 1 ensured Bosh isn’t eligible for the 2016 playoffs, meaning his salary would be excluded from the Heat’s cap this summer. It would return to Miami’s cap if he plays 25 games (regular season plus postseason) elsewhere, so this guaranteed he wouldn’t have enough time this season.
But we’re well into March, and Bosh hasn’t been waived yet.
Barry Jackson of the Miami Herald:
Chris Bosh was scheduled to speak with a high-ranking Heat official this week, as the sides try to move past the rancor created by the Heat’s justified unwillingness to allow him to play after a third blood clotting episode and failed physical last September.
The Heat has no intention of using him in a game but has delayed his inevitable release and removing him from its salary cap (a process that was allowed to begin Feb. 9) for two reasons, according to multiple sources:
• Miami doesn’t need the roster spot just yet, and none of the recent available free agents held great appeal to the Heat.
• More importantly, Miami want to keep alive the not-very-likely possibility of being able to trade Bosh (after the season) to a team that might want to trade something Miami wants or a team that believes he could play or (as was the case before last month’s trade deadline) a team that needed to get to the cap floor. There were preliminary trade inquiries earlier this season.
A team that trades for Bosh couldn’t exclude his salary from its cap, because Bosh’s illness was first known while he played for Miami. He has three years and $75,868,170 remaining on his contract. It’s nearly impossible to see any team dealing for him.
A better guess at the delay: The Heat are exploring using the panels created by the next Collective Bargaining Agreement to handle issues like these. It’s unclear whether he’d be eligible for one, considering he signed and had his medical issue discovered under the current CBA, but the panel could remove his salary from Miami’s cap forever — even if Bosh defies the diagnosis and plays 25 games in a future season.
There are numerous hurdles to going that route, starting with the Heat not being able to begin that process until the next CBA takes effect July 1. That’s also the day free agency begins, so Miami probably doesn’t want have Bosh still occupying cap space as free agents agree to terms.
But the Heat have already come this far with him on the books. It’s worth examining why they’re waiting, and nobody has done that better than Albert Nahmad of Heat Hoops. If you want to learn more, I highly recommend his article on the topic.