Heat's Cole celebrates after scoring the go ahead basket against the Bulls during the fourth quarter in Game 5 of their NBA Eastern Conference semi-final basketball playoff in Miami

Heat exercise option to keep Norris Cole for 2014-15 season

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source: Reuters

Norris Cole is entering his third NBA season, but has already proven to be a key contributor on two straight championship teams for the Heat. Not surprisingly, since he’s still playing out his rookie contract and is considered to be still-developing talent at an extremely low price, Miami exercised its option to keep Cole under contract for the 2014-15 season.

From the official release:

Cole has appeared in 145 career games (six starts) and averaged 6.1 points, 2.0 assists, 1.5 rebounds and 19.7 minutes while shooting 40.7 percent from the field. Last season, he led the Miami reserves in assists 37 times, steals on 29 occasions, points 12 times and in rebounds and minutes six times each. In his two seasons with the HEAT, Cole has helped Miami capture back-to-back NBA championships, appearing in 40 postseason games while averaging 4.1 points, 1.4 assists and 1.2 rebounds in 14.7 minutes of action.

Cole was originally drafted by Minnesota in the first round (28th overall) of the 2011 NBA Draft before his draft rights were acquired by the HEAT in a draft night trade.

Under the rookie scale, Cole is set to make just over $2 million in 2014-15, and will need to have a qualifying offer extended of just over $3 million the following season for Miami to retain his rights as a restricted free agent (salary data via HoopsWorld).

This move was a mere formality, but it doesn’t come without a level of interest.

By now you’re probably aware that LeBron James, Dwyane Wade, and Chris Bosh can all opt out of their contracts next summer to become unrestricted free agents, or (more likely) sign longer-term deals to stay in Miami. The Heat brain trust set up the rest of the contracts on the roster with this not-so-small fact in mind, and up until today, no one was guaranteed a single dollar of salary beyond the upcoming season.

That’s right — the Heat potentially were at a completely clean slate from a salary perspective beginning next summer. That’s no longer the case, however, after Cole became the first to officially get locked in for the 2014-15 season.

Watch highlights of LeBron James’ playoffs, Finals run

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LeBron James was dominant — the clear best player on the planet — when the Cleveland Cavaliers needed him most. That’s the reason Cleveland got its first major sports title in 52 years.

It’s the dead part of the NBA season — training camps don’t even open for a month — so why not enjoy a look back at LeBron’s amazing run to a legacy-defining NBA ring. Like you don’t have 15 minutes for this. What are you going to do, watch more preseason football?

It’s Joel Embiid’s turn to swat a little kid’s shot (VIDEO)

TARRYTOWN, NY - AUGUST 03: Joel Embiid #11 of the Philadelphia 76ers poses for a portrait during the 2014 NBA rookie photo shoot at MSG Training Center on August 3, 2014 in Tarrytown, New York. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Nick Laham/Getty Images)
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It’s a summer tradition — tall NBA players swatting away the shots of young kids at camps/clinics.

Philadelphia’s Joel Embiid has yet to step on an NBA court — this fall, finally? — but he is part of the youth tradition now, destroying this young man at the Sixers Beach Bash event Saturday.

This summer Embiid has arm wrestled Justin Bieber and looked good working out in an empty gym, and to add to that list here is Embiid overpowering an average guy at Beach Bash then throwing it down. The man at least provided a little more resistance than a chair.

Harrison Barnes reveals his engagement on Twitter (PHOTO)

LAS VEGAS, NV - JULY 22:  Harrison Barnes #8 of the United States drives against Argentina during a USA Basketball showcase exhibition game at T-Mobile Arena on July 22, 2016 in Las Vegas, Nevada. The United States won 111-74.  (Photo by Ethan Miller/Getty Images)
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Despite the Warriors’ loss in the Finals, it’s been a good summer for Harrison Barnes. He signed a four-year, $94 million deal in Dallas and won a gold medal with Team USA at the Olympics in Rio de Janeiro. And maybe best of all, he got engaged on Saturday night, as he revealed on Twitter:

Congrats to Barnes and his new fiancée.

Report: Mo Williams considering retirement, could be waived by Cavs

CLEVELAND, OH - JUNE 22:  Mo Williams #52 of the Cleveland Cavaliers looks on during the Cleveland Cavaliers 2016 NBA Championship victory parade and rally on June 22, 2016 in Cleveland, Ohio.  (Photo by Mike Lawrie/Getty Images)
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Shortly after winning a title with the Cleveland Cavaliers, veteran guard Mo Williams picked up his $2.2 million option for next season, choosing to take the guaranteed money on the table for him rather than test free agency at age 33. But he might not be with the Cavs this season — the Cleveland Plain Dealer‘s Joe Vardon reports that Williams is considering retiring from playing due to lingering knee problems, and the Cavaliers could waive him under the stretch provision in the coming days.

Williams, 33, a 13-year veteran and former All-Star who played a supporting role in the Cavs’ 2016 NBA championship, is strongly considering retirement, multiple sources told cleveland.com.

From Williams’ side of this, he battled a left-knee issue for most of last season while playing in just 41 regular-season games, as his playing time dwindled once Irving returned from knee surgery and the coaching staff chose to stick with Matthew Dellavedova as Irving’s backup.

Sources said his balky knee, desire to coach — especially younger players and children — and the obvious chance to go out as a champion are weighing heavily upon him.

Vardon reports that the Cavs are considering stretching him before the August 31 deadline, but are holding off for now because they want to leave open the possibility of a trade with another team to take on his salary. Either way, it looks as though Williams is done after 13 seasons in the NBA.