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.

Andrew Wiggins answers Carmelo with game-winning 3-pointer (VIDEO)

AP
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Sunday’s matchup between the Oklahoma City Thunder and Minnesota Timberwolves was perhaps a preview of a Western Conference playoff series. We should certainly hope so given the late-game heroics we saw this weekend courtesy of Karl-Anthony Towns, Carmelo Anthony, and Andrew Wiggins.

The two teams played a razor thin matchup in the fourth quarter, with Towns hitting a floating shot with just nine seconds left to take the lead. OKC took the torch just seconds later when Carmelo hit a 3-pointer with less than five seconds to play from the left wing.

That left the Timberwolves down by one point with no timeouts to spare.

After Minnesota inbounded to the ball, Wiggins drove down the left sideline and toward the middle of the floor. With the clock running out, Wiggins pulled up from nearly 30 feet out and drained 3-pointer off the backboard as time expired.

Here’s what the two threes looked like back to back.

Via Twitter:

Today was absolutely mental in the NBA. Between the drama that’s happening with the Phoenix Suns and this Western Conference shootout, the regular season just keeps amping it up each and every day.

Clippers say Milos Teodosic out indefinitely with plantar fascia injury

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The LA Clippers needed everything to go right for them injury-wise to be able to survive losing Chris Paul the same year many teams in the Western Conference got much stronger. Sunday’s news that rookie Milos Teodosic is out indefinitely with a left plantar fascia injury won’t help the confidence of fans in southern California.

Teodosic suffered the injury during a game against the Phoenix Suns earlier in the week. Teodosic could be seen pulling up lame toward the near corner on a seemingly innocuous play, which you can watch above.

Here is the release from the team on Teodosic’s injury..

Via Twitter:

Teodosic was expected to be a boost for the Clippers’ offense, who lost Paul over the offseason to the Houston Rockets. Teodosic is a 30-year-old rookie whose passing acumen was sure to be a highlight reel staple over the course of the season.

Plantar fascia injuries can be tough for players to come back from, although the severity of the injury can vary greatly. In the past, players like Damian Lillard and Al Jefferson have made relatively speedy recoveries or have been able to play through the injury itself.

However, a plantar fascia issue can be a tough one and is often difficult to get to recover given the inherent stress level of the area and because soft tissue injuries can be pesky. Obviously, a word like “indefinitely” is pretty dang scary.

Meanwhile, the Suns had a few issues of their own on Sunday. They fired head coach Earl Watson and point guard Eric Bledsoe tweeted out that he no longer wanted to be “here”. The former Clippers point guard has already had lobbyists from LA come calling. Big man DeAndre Jordan already tweeted that he wanted Bledsoe to “come back home”.

Someone has to trade for Bledsoe. Might as well be the Clippers.

Report: Suns fire Earl Watson within an hour of Eric Bledsoe’s tweet

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Things are just getting weirder in Arizona.

According to ESPN’s Adrian Wojnarowski, the Phoenix Suns have fired head coach Earl Watson. This comes in less than an hour after Suns point guard Eric Bledsoe tweeted out that he no longer wanted to be “here”. The assumption is that the “here” meant with the Suns organization, although Bledsoe nor the team have clarified.

Phoenix was always slated to be a bad team but they have been an absolute mess to start the season. Just three games in and they have yet to win a contest. They have lost by a combined 92 points in those games during some hilariously bad efforts. While Watson’s firing is sudden, it’s not entirely surprising.

Via ESPN:

Meanwhile, it’s not clear what the Suns will do from here both with Bledsoe and in filling the head coach spot on the bench.

Teams like the New York Knicks and Indiana Pacers have struggled when players have requested a trade publicly. Much of their leverage is lost and it could be harder to find a usable return for Bledsoe. A friend of LeBron James, Bledsoe has been rumored in trades from Phoenix to places like Cleveland for years. Now, it will be curious to see if the Suns will need to move him and what they can get for Bledsoe once a deal is done. Any assets will be a vital to their rebuilding process.

In terms of coaching, Phoenix has both Ty Corbin and Jay Triano on the bench, both of which who have been head coaches in the NBA before. It appears Triano will be stepping into the interim role, but that still leaves the question of what Phoenix should do from here on out. A directionless team in the middle of a rebuild with less-than-stellar ownership is a recipe for continued failure.

Phoenix has been a poorly-run organization for some time, particularly when it comes to expenses. Phoenix owner Robert Sarver is notoriously cheap, even going so far as selling draft picks outright. Phoenix exchanged players like Marcin Gortat, Rudy Fernandez, and Rajon Rondo for pennies on the dollar.

They are already the worst team in the NBA, one of their star players wants out, and now they no longer have a head coach. If you are a basketball fan in Phoenix, things have to be tough for you right now.

Suns PG Eric Bledsoe tweets “I don’t want to be here”

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The Phoenix Suns were always going to be a bad team, but I think we were all surprised when they started off the season with a historical loss to the Portland Trail Blazers. Now, it seems things are getting worse.

On Sunday, Suns point guard Eric Bledsoe sent out a message on Twitter that seemed to insinuate that he no longer wanted to be a part of the organization in Phoenix.

That tweet set the NBA sphere on fire during a relatively sleepy afternoon. Ramifications of players being open with their requests to move teams has not always played out well for the organizations. Think about the decreased leverage for the Knicks and Pacers when it came to Paul George and Carmelo Anthony.

Via Twitter:

It would be a major bummer for fans in Arizona if Bledsoe does indeed want out of Phoenix. The team has played all of three games, and after years of trade speculation around Bledsoe so it would be a huge blow to give him up to suitors for pennies on the dollar.

As of publication on Sunday afternoon we have yet to confirm that this is the intent of Bledsoe’s tweet, but no doubt we will hear more about it as the day goes on.