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

113 Comments

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.

Ex-Sacramento Kings executive to plead guilty to siphoning $13.4 million from the team

AP Photo/Rich Pedroncelli
Leave a comment

SAN FRANCISCO (AP) — Court records show a former Sacramento Kings top executive has agreed to plead guilty to siphoning $13.4 million from the team to buy Southern California beachfront properties.

Federal prosecutors in Sacramento, California, on Wednesday filed charges and a plea agreement signed by former chief revenue officer Jeffrey David admitting to forging the team president’s signature to divert sponsorship payments to a bank account he controlled. Court records show the properties have been sold for $14.8 million, and the team is expected to recoup the stolen funds.

David is expected to plead guilty to wire fraud and identity theft in January and faces at least two years in prison, court records show.

David’s lawyer, Mark Reichel, didn’t return a call for comment.

The Sacramento Bee first reported the plea deal Wednesday.

Report: Dirk Nowitzki will make season debut Thursday against Suns

Getty
Leave a comment

Dirk Nowitzki is coming back for the Dallas Mavericks.

The veteran forward has been nursing a return from ankle surgery all season long, and has yet to make his debut in 2018-19. Despite not having Nowitzki on the floor, the Mavericks have jumped out to an impressive 15-11 record with Harrison Barnes, Luka Doncic, and DeAndre Jordan leading the way.

The news was announced on social media on Thursday before the Mavericks got set to take on the Phoenix Suns.

Via Twitter:

Of course, sending Nowitzki back onto an NBA floor against Phoenix is perhaps the easiest test he could have as he comes back from an injury. The Suns are god-awful, and Nowitzki will need some time to readjust to playing at full speed (or at least at whatever speed he normally plays at).

The 40-year-old German star should be able to help the Mavericks as a bench contributor this season. Hopefully with Nowitzki on the floor Dallas can solidify their potential playoff berth.

Rumor: Pistons among teams considering Markelle Fultz trade

Getty Images
Leave a comment

Markelle Fultz remains away from the 76ers, getting treatment for his Thoracic Outlet Syndrome while the rest of his teammates try to adjust to playing with Jimmy Butler (which is going better for some than others).

The sense around the league is the Sixers still plan to trade Fultz, they’re just waiting for better offers to come in, the first round was very lowball.

A few teams are kicking the tires on a trade, and among them are the Pistons, reports Rod Beard of the Detroit News.

Let’s be clear, nothing is close on any Sixers trade of Fultz right now. Teams are just testing the waters.

It’s an interesting idea for Detroit, the chance to add a player who was a high draft pick —  but only if they think he’s healthy and can get over his mental hurdles (his agent said there aren’t any, it’s all physical, and most of the league laughed at that). Also, the sides need to find a trade that works. Fultz, as a No. 1 pick, is not cheap, he makes $8.3 million this season and is guaranteed $9.7 next season, then $12.3 million the season after that (unless whatever team has his rights and just cuts bait on that last season).

The Pistons are flirting with the luxury tax line right now, their $123.3 million payroll is just about $500,000 below the tax line, so Detroit will not be taking on any salary in any potential trade. They also sent out last year’s first-round pick in the Blake Griffin trade, so they can’t trade this year’s, and likely would not include a pick anyway. A deal centered around Ish Smith or Langston Galloway plus Zaza Pachulia works (after Dec. 15 when Pachulia becomes available to trade). Both provide guard depth and Galloway offers Philly some shooting (34.9 percent taking 65 percent of his shots from three this season). Reggie Bullock also could be part of a trade.

There are options. Right now the Pistons are among the teams kicking the tires on a trade, but we are a long way from it actually happening.

Pacers fans epically bad at tic-tac-toe (video)

Joe Robbins/Getty Images
Leave a comment

Trail Blazers fans are off the hook.

A couple Pacers fans are also terrible at tic-tac-toe.

Pacers:

I can’t rule out this being staged, which is disappointing.

But if genuine – wow.