Heat offers 5-year deal to Mike Miller

504 Views | 20 Replies | Last: 15 yr ago by Guitarsoup
Know Your Enemy
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How can they fit him under the cap?

http://nbcsports.msnbc.com/id/38150598/ns/sports-player_news/
Guitarsoup
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If Bron signs, then they can't.
Simplebay
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Iowaggie
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So if they get LBJ, the first free agent they try to lock up is an expensive backup to D-Wade and LBJ?

Why not go after a PG?
claym711
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Miller is quoted as wanting to go where LeBron goes.
claym711
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Miller just spend the week at LeBron's Nike camp.
Know Your Enemy
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Who wouldn't want to play with him? The question is how can they afford him and stay under the salary cap?
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The Collective
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This confuses the hell out of me
claym711
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What about with sign and trades?
AgLandMan
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when the owner is making multi-multi-million dollars off this championship team..do you think he gives a dam about a dollar for dollar penalty and the salary cap.

Run the numbers.....profit
04.arch.ag
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what about their MLE. i dont pretend to know about contract situations but wouldnt the heat still have the MLE LLE and vet minimum contracts to offer players even if they signed the big 3
Guitarsoup
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You get to use either the MLE or your cap space. You do not get the MLE if you use your cap space.
claym711
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quote:
The latest estimates say that James, Wade and Bosh could all sign deals with a first-year salary just under $1 million less than the max if the Heat make no more moves before James makes his intentions official. Miami would have to fill out the rest of its roster with minimum-salary players, but the trio’s financial sacrifice would have been more unrealistic if the cap figure didn’t rise. Factor in the lack of state income tax in Florida and the sacrifice shrinks further.


What would they have left to sign roster fillers?

Guitarsoup
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All teams have unlimited number of league minimum salaries to fill out their roster to the league minimum of 13 players. You can sign two additional players for a total of 15 players if you choose.
Judge
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You are allowed to sign minimum contracts regardless of your cap situation.
claym711
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If they end up being able to get rid of Beasley, they would have more room to work, no?

Guitarsoup
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Depends what the big three sign for.

If Beasley is wiped clean, they have 800k for Chalmers and whatever James Jones' buyout cost them. I think like 1.5mm, but I could be wrong. Then the league holds 450k for each spot up to 13 spots that they haven't filled.

So they have 1 spot filled with chalmers. Plus 450k*12. So they have 6.2mm out of 58mm counted against them. That gives them 51.8 to sign the three big boys. But the Max each player can get is about 16.5mm. That comes out to 49.5mm each, leaving about 2.3mm to sign your next player. Or, if the big three decide to start their contract at 15.5mm, they have enough to offer a player the MLE, which is what Miller could command. BUT, they would each be giving up 1mm up front plus 8% of that 1mm each year in increases (it would cost wade up to 10.5% since he is resigning.) So it would cost each player about 2mm over the 5 years to do that for Miller. AND, Miller basically plays 2/3, just like Wade and Bron.
04.arch.ag
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so if miller is just a verbal agreement and doesnt actually sign yet, and they then sign the 3 to use all the cap space will they then have a MLE to spend. hollinger had an article the other day i thought about the timing of signing contracts versus when a player anounces he going to a team
claym711
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Very informative! Thank you.


Have to think that If Bron goes to Miami, all 3 will take a little bit less to allow for a 4th player of some quality on the team.
Judge
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quote:
and they then sign the 3 to use all the cap space will they then have a MLE to spend.

They can't do this. If you use up all your cap space the MLE is gone. I think GS meant that if they all took a little bit less (~1mm each) they would have enough cap space equal to the MLE (~5mm).
Guitarsoup
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That's correct. If you use your cap space, you can't use the MLE. I got a call about a last minute shoot, and had to rush out.
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