The Heat’s core of LeBron James, Dwyane Wade and Chris Bosh has something important in common with Carmelo Anthony of the Knicks once this season is finished: Every single one of them can opt out of the final year of their contract to become an unrestricted free agent.
In Anthony’s case, he has to consider whether or not to hold off on doing so, in order to try to help the Knicks rebuild more quickly by giving them financial flexibility to acquire some big name free agents in 2015.
As for the Heat’s Big Three, they might all opt out to restructure their deals in order to create the cap space necessary to add one more superstar to the mix — and Anthony might be right at the top of their list.
From Brian Windhorst and Marc Stein of ESPN.com:
Sources told ESPN.com that Heat officials and the team’s leading players have already started to explore their options for creating sufficient financial flexibility to make an ambitious run at adding New York Knicks scoring machine Carmelo Anthony this summer in free agency.
The mere concept would require the star trio of LeBron James, Dwyane Wade and Chris Bosh to all opt out of their current contracts by the end of the month and likely take further salary reductions in new deals that start next season to give Miami the ability to offer Anthony a representative first-year salary. The Heat also are prevented from making any formal contact with Anthony until July 1 and can then only if he opts out of the final year of his current contract. …
Sources say internal conversations within the Heat organization about pursuing this course have run concurrently with Miami’s bid to win a third consecutive championship, with sources adding that James in particular is likely to try to recoup potential salary sacrificed through fresh off-court business opportunities if the Heat’s new dream scenario does come to fruition.
James is reportedly the one most likely to agree to a pay cut in this scenario, having just made more than $30 million from Apple’s recent purchase of Beats Electronics.
From Anthony’s perspective, this may be his last chance at a four-year (non-Knicks) max contract. It’s unclear if the Heat would go that far, but if winning is truly his priority, it’s hard to come up with a situation that would provide a better chance of it than teaming up with a Miami squad that’s now in its fourth straight season of reaching the NBA Finals.
It’s important to keep in mind that this is just one of many scenarios possible, and we’ll certainly be flooded with plenty more before the July 1 free agency period is upon us. Because if Anthony is willing to take less money to play in his ideal situation, the options are almost limitless — even though none may ultimately be more appealing than playing alongside the game’s best player in his prime, for an organization that’s proven capable of continually competing for championships.