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.

Sixers Jabari Parker upgraded to “probable,” will decide after warm ups

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Everything you saw in the first two games of this Miami/Philadelphia playoff series you can throw out in the trash.

Joel Embiid is back and is now “probable” for Game 3, the Sixers announced, upgrading his status from “doubtful” earlier in the day.

Embiid will go through warmups — trying out both a mask and goggles — then will make a formal decision. However, he is expected to go. He certainly wants to play.

This changes the Sixers and the series. Yes, Philly has likely Rookie of the Year Ben Simmons and high quality role players such as J.J. Redick and Robert Covington, however, is Embiid that makes it all work. Put simply, when Embiid is on the court the Sixers are 15.2 points per 100 possessions better — their defense is elite and their offense is outstanding.

The Sixers will be better with their best player back in the fold, but don’t think this makes the series a cakewalk for Philly. It changes everything about matchups, but things are not all positives. When Embiid is on the court, the up-tempo, ball-movement style that the Sixers built around Simmons slows down and stops at points. The Sixers have played Hassan Whiteside and his rim protection off the court with floor spacing shooting bigs, now he has a place to be in the matchups. There are things the Heat can do now that may work for them.

It just may not matter — Philadelphia just got a lot better.

PBT Podcast: NBA first round playoff series breakdowns

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LeBron James‘ Cavaliers looks to be in a battle royal in the first round — and they could lose to Victor Oladipo‘s Pacers.

Miami’s defense and versatility is challenging the Sixers and shaking the faith of all those that just jumped on the bandwagon.

Utah stole a game in Oklahoma City showing great grit and resolve, not to mention a lot of Donovan Mitchell.

Anthony Davis has done everything but walk on water for the Pelicans.

The first round of the NBA playoffs has been filled with fascinating storylines — and we are just two games into each series. Kurt Helin and Dan Feldman of NBC Sports break down all eight first-round series in this podcast, starting in the East and the tight races there, then move into the West. There’s even some “who wants to pay Jabari Parker this summer?” talk thrown in.

As always, you can check out the podcast below, listen and subscribe via iTunes at ApplePodcasts.com/PBTonNBC, subscribe via the fantastic Stitcher app, check us out on Google play, or check out the NBC Sports Podcast homepage and archive at Art19.

James Dolan says Knicks must build around ‘great’ Kristaps Porzingis, offers fair rebuke of meddling charges

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Phil Jackson received a standing ovation in his first game at Madison Square Garden as Knicks president. Don’t forget how excited New York was for Jackson, who coached the Bulls and Lakers to 11 championships and played for the Knicks’ last title team. He was welcomed as a potential savior.

The common refrain: Jackson would have a chance to succeed if Knicks owner James Dolan didn’t meddle.

Immediately, Dolan said he would cede control to Jackson “willingly and gratefully.” Dolan later pledged to honor Jackson’s full five-year contract.

But fans turned on Jackson as he did an awful job and the Knicks struggled. Dolan opted into the final two years of Jackson’s contract, anyway, as he said he would all along. Fans got angrier. When Jackson publicly flaunted Kristaps Porzingis trade talks, outrage reached a fever pitch. Finally, Dolan stepped in to fire Jackson.

Dolan, via Larry Brooks of the New York Post:

“A great player in hockey is the difference, but a great player in basketball is the team.

“And I think we have a great player in Porzingis. We just have to build around him.”

“Everybody who wants to talk about the Knicks wants to ask me about Phil Jackson,” Dolan said, smiling and shaking his head. “The entire market wanted to me to hire him and when I did, the entire market said it was a great move. The only thing was, everyone said that I shouldn’t interfere with him.

“Three years later, everyone wanted to know when I was going to do something about Phil. The same people who told me not to interfere wanted me to interfere. But that’s OK. I just think that Phil underestimated the job.”

Dolan makes a salient point about how people perceive his involvement. The problem isn’t that Dolan meddles. It’s that he makes poor decisions.

Hiring Jackson – an out-of-touch former coach with no front-office experience – was a poor decision. I’m not enthused about Steve Mills as Jackson’s replacement, either, though we’ll see how that plays out.

Building around Porzingis is a better decision. He’s an extremely talented 22-year-old.

But it’s hardly a foolproof plan. Porzingis is recovering from a torn ACL. Dolan said Porzingis could return in December – or miss next season entirely.

Either way, the Knicks must surround Porzingis with better teammates. Dolan will and should be a part of that process. Whether he’ll positively affect it is another matter.

76ers: Joel Embiid doubtful for Game 3 against Heat

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MIAMI (AP) — Joel Embiid remains listed as doubtful by Philadelphia for Game 3 of the 76ers’ Eastern Conference playoff series at Miami on Thursday night.

Embiid was on the floor with the 76ers for their morning shootaround practice, but coach Brett Brown says there’s no change in the All-Star center’s status.

Embiid has missed Philadelphia’s last 10 games while recovering from a concussion and surgery that repaired a fractural orbital bone around his left eye. He’s no longer in the NBA’s concussion protocol.

He took to social media after the 76ers lost Game 2 of this series to the Heat, saying he’s tired of being “babied.”

Embiid has averaged 22.9 points and 11 rebounds in 63 games for the 76ers during the regular season.