Update: Dwyane Wade opts out of contract with Heat, Chris Bosh remains undecided

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UPDATE 6:21 p.m.: Bosh apparently has not opted out just yet, and remains undecided.

4:46 p.m.: LeBron James got what he wanted. Pat Riley has gotten what he wanted. The Miami Heat are going to have cap space to maneuver this summer.

Dwyane Wade and Chris Bosh have both confirmed to the Miami Heat that they are opting out of their contracts, Tim Reynolds of the Associated Press reports. (Other reports say Bosh has yet to opt out, according to his agent, which is the same one as Wade and Udonis Haslem. Hard to see Bosh not opting out at this point, hard to see him being the one to blow up the Heat.)

While in theory they all have the right to leave Miami (free agency opens July 1), this move really makes it more likely that all three members of Miami’s “big three” — the ones that have led them to four straight NBA Finals and two titles in that span — will return together. Teams that have called trying to set up meetings after July 1 with LeBron have been rebuffed. It was expected that all three of Miami’s stars  would opt out and take pay cuts per year on new, longer deals. Haslem also opted out of the last year of his deal, as did Chris Andersen.

However, LeBron may seek an actual max deal or close to it, reports Adrian Wojnarowski of Yahoo Sports.

While Bosh, Wade and Haslem could ultimately take less money with the early termination outs in their deals, James, the NBA’s four-time MVP, is seeking a full maximum contract extension – or something close to it – to stay with Miami, sources told Yahoo Sports.  James is eligible to sign a five-year, $130 million extension with the Heat.

We will see if that pans out to be true, the idea of them all taking $15 million a year on five-year, $75 million deals has been floated. LeBron is certainly by far the best player on the Heat and the key to all their success, but he’s also the one most able to take a salary cut because his off the court income dwarfs his actual salary. If he goes for a max it will put a lot of pressure on Wade and Bosh to take much less.

Whatever happens it is very likely that Riley will have room under the salary cap to add players. While Wade’s knee issues are causing a deterioration in his game, Riley has said from the start that he wants Wade to be a member of the Heat for lift — he wants to bring him back.

Had all three Heat stars had opted in, each owed about $20 million next season, combined with Norris Cole’s contract, the Heat would have been at the salary cap and Riley would have had no room to maneuver. With something like the proposal above where each takes $15 million Riley would be roughly $15 million under the cap to go chase name free agents.

Kyle Lowry’s name has come up. The Heat could go after big men such as Pau Gasol or Marcin Gortat, both of whom would fit their system well. Depends on how much cash the Riley has to play with and the costs for those players. Carmelo Anthony does not plan to meet with Miami at this time.

However it shakes out, it is unlikely that Miami’s big three is breaking up any time soon.

Hawks’ Mike Scott sent to D-League on rehab assignment

ATLANTA, GA - SEPTEMBER 26:  Mike Scott #32 of the Atlanta Hawks poses during media day on September 26, 2016 in Atlanta, Georgia.  (Photo by Kevin C. Cox/Getty Images)
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ATLANTA (AP) — Atlanta Hawks forward Mike Scott is expected to play at least two games in the NBA Development League as he comes back from a knee injury that kept him out of training camp and the first 18 games of the season.

Scott played 15 minutes for the Delaware 87ers in Tuesday night’s loss to the Santa Cruz Warriors. He scored four points on 2-of-7 shooting, missing all four of his attempts from 3-point range.

Hawks coach Mike Budenholzer says the D-League is the best way for Scott to get “meaningful, competitive minutes” after undergoing a non-surgical procedure on his left knee.

Scott has played three games for Atlanta since his return. In 28 minutes, he has two points on 1-of-9 attempts, to go along with eight rebounds and six assists.

Watch Kyle O’Quinn throw alley-oop to Carmelo Anthony

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Carmelo Anthony isn’t young anymore, but he had the bounce to go get this one.

These were your two best players for the Knicks in their win over Miami Tuesday. Kyle O'Quinn was forced into action earlier than expected when Joakim Noah went on a fouling spree in the third quarter, but O’Quinn played well in the role. ‘Melo dropped 35 on 27 shots — he’s not as efficient as he once was, but he can still get some buckets.

The Knicks picked up a needed win, because they play a back-to-back Wednesday against the Cleveland Cavaliers and a ticked-off LeBron James (New York will pay the price for Phil Jackson’s “posse” comments with a motivated LeBron Wednesday).

Grizzlies’ Troy Williams hits falling, stumbling circus shot (VIDEO)

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Just like coach David Fizdale drew it up.

The shot of Tuesday night went to Troy Williams, the starting Memphis guard who didn’t have a great night in the Grizzlies win over the Sixers but did hit this stumbling, falling, one-handed shot.

By the way, the Grizzlies are now 4-1 since Mike Conley‘s injury with this win. Didn’t see that coming.

Zach Randolph receives standing ovation in first game back after mother’s passing

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Zach Randolph was away from the Memphis Grizzlies and its fans for seven games to deal with the passing of his mother, Mae. When he returned to the floor, something special was waiting for him.

During Z-Bo’s arrival against the Philadelphia 76ers on Tuesday night, fans at FedEx Forum gave Randolph a standing ovation in support of his difficult time.

From ESPN NBA:

Randolph dropped 12 points, collected 14 rebounds, and added an assist as the Grizzlies beat the Sixers, 96-91, in a game that went down to the wire.

Teammates of Randolph — like Marc Gasol — were glad to have him back and let Randolph know he was being thought about during his absence.

Gasol even took to Twitter after the game in a heartwarming gesture: