Pat Riley: Dion Waiters ‘is not a room-exception player’

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The Heat signed Dion Waiters to a room-exception contract.

Heat president Pat Riley, via Barry Jackson of the Miami Herald:

“Dion is not a Room Exception player. He wanted to play for the Miami Heat and chose to forgo other more lucrative financial opportunities to be a part of our championship organization. We are very honored that he made the commitment to come to South Florida and sign with us. Dion is young, athletic and explosive, which fits in with our roster. He will add a great dimension for us at the off-guard spot. I really like the depth and versatility that we now have in our perimeter positions. Welcome aboard Dion!”

I’m really curious about those “more lucrative financial opportunities.”

The Thunder didn’t think Waiters was worth his one-year, $6,777,589 qualifying offer. They earmarked that money for a Russell Westbrook renegotiation-and-extension and don’t define the market themselves. But every team has other uses for its money than paying Waiters, and none deemed Waiters a priority.

How much could Waiters have gotten next season if he signed a multi-year deal rather than the 1+1 he inked with Miami? The whole “Waiters betting on himself” narrative falls apart if nobody was willing to bet more more on Waiters.

The 24-year-old is talented. But his ball-hogging, drifting focus and me-first attitude can be infuriating.

It behooves Riley to paint Waiters as more than a room-exception player, because that enhances Riley’s reputation as someone who lures free agents for less than market value. A big-time compliment from the influential Riley might have even part of Waiters’  contract negotiation.

But there’s a reason Waiters signed for the room exception. It has something to do with the type of player he is.