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.

Kevin Love tries to ignore trade rumors, “let the chips fall where they may”

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Cleveland Cavaliers GM said he has no interest in trading Kevin Love.

You can count the number of people around the league who believe him on one hand. There’s a good chance Love is still on the Cavaliers at the end of this season, but that’s more about him being in the first year of a four-year, $120 million contract extension than it is Cleveland’s willingness to trade him (or interest from other teams, if money was not an issue). The Cavaliers are rebuilding, and if they can get young players and picks for Love, they have to consider it.

With Portland off to a slow start, and Love growing up in the Pacific Northwest, that rumor has floated around. There are others. Love is just trying to ignore them and play ball, he told Arash Markazi of the Los Angeles Times.

“I know there’s talk about me possibly being the missing piece somewhere,” Love said. “There’s been constant chatter since I signed that I could be traded. It’s one of those things where I’m going to keep doing right by the team, by Cleveland and by the organization. If my number is called, so be it, but I’m going to stay true to my commitment and let the chips fall where they may.”

Love, who has been open in recent years about his struggles with anxiety and mental health, said dealing with the trade rumors that constantly swirl around him can be a challenge on that front.

“A big aspect of mental health is just staying in the present but it’s so hard,” he said. “You have to try to not get too far ahead of yourself or get worked up. You can get that anxious feeling or fear for the future, but you have to try to stay focused on getting better and let things work out the way they should.”

Kevin Love has played well to start the season, averaging 18.3 points and 11.3 rebounds a game, shooting a respectable 34.7 percent from three. He could help a lot of teams, particularly ones in the West who want to be in the mix for a ring but who look at the Lakers and Clippers and think, “we have to get better fast.”

The rumors around Love are just going to get louder the closer and closer we get to the trade deadline. Love will have to do a lot of work to tune all that out.

 

Bulls big man Luke Kornet out following surgery on sinus obstruction

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Just before last Christmas, Luke Kornet broke his nose. Apparently, that never healed quite right.

Kornet underwent surgery to repair a sinus obstruction on Monday, the Chicago Bulls announced. There is no timetable for his return, although coach Jim Boylen suggested it could be less than two weeks.

Bulls coach Jim Boylen added this at practice, via NBC Sports Chicago.

“Kornet had sinus surgery this morning. He had blockage and some issues from a previous fracture from when he was in New York. We just felt it was time to go in there and clean that thing out. That happened this morning at 6 AM. He’s out. Surgery went well. We’ll have more to report as we go. Originally, it was a seven-ten-day thing where he’d be back. I think it’s one of those things they don’t know until they get in there how extreme it is. But he had blockage and it needed to be done.”

This does not impact the Bulls much on the court as Kornet has fallen out of the rotation in recent games (in part because of the sinus condition, in part because he just hasn’t played well). Kornet signed a two-year, $4.5 million contract with the Bulls over the summer.

D’Angelo Russell says weather played ‘major part’ in picking Warriors over Timberwolves

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D'Angelo Russell wants to play with Karl-Anthony Towns. Towns’ Timberwolves were reportedly interested in Russell last summer.

Why did Russell join the Warriors instead of Minnesota?

Russell, via Chris Hine of the Minneapolis StarTribune:

“I thought the opportunity here was amazing … ” Russell said after Warriors shootaround Friday. “It was definitely something I was considering very strongly. But then when this opportunity came, the weather is way better, so that helped me.”

“I did my first winter in New York and that was tough,” Russell said. “So to get the opportunity to go somewhere where it’s warm again, I think that played a major part in my plan.”

I don’t blame him one bit.

Russell grew up in Kentucky then finished high school in Florida. He spent his first couple NBA seasons with the Lakers.

He also played collegiately at Ohio State and a a couple years for the Nets. In other words, he spent enough time in cold-weather locations to know how miserable they can be.

This is an issue that will always hinder teams like the Timberwolves. It doesn’t mean they can’t attract free agents. It’s just a disadvantage.

There will always be players who don’t have multiple max offers. Minnesota can separate itself with money, playing time and other considerations.

But good for Russell for playing himself out of that group and earning a max contract in the Bay Area.

Kyrie Irving (shoulder) out for Nets-Pacers

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Kyrie Irving missed the Nets’ win over the Bulls on Saturday.

He’s not healthy enough to play the Pacers tonight.

Nets public relations:

Kyrie Irving (right shoulder impingement) is OUT.

Brooklyn (5-7) lags behinds Indiana (7-6) in the Eastern Conference’s middle morass. The Nets must try to catch up in the playoff race without their best player.

But it’s a long season. Brooklyn has plenty of time to gain ground. Spencer Dinwiddie is capable in relief, and the unselfish Nets can create ball movement while Dinwiddie rests.

I’m more concerned about next week. A segment of Brooklyn’s schedule:

  • Nov. 24 at Knicks
  • Nov. 25 at Cavaliers
  • Nov. 27 at Celtics

That’s the team Irving spurned in free agency, the team Irving requested a trade from and the team Irving just left after pledging to re-sign. Those are juicy matchups. Hopefully, Irving is healthy enough to play in all three.