Miami Heat

Miami Heat 2024-25 Salary Cap

Heat 2024-25 Salary Cap

An updated look at the Miami Heat 2024 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses.

Player Option
Club Option
Non-Guaranteed
Estimate
Player (12) Pos. Cap Figure Base
Salary
Likely
Incent.
Unlikely
Incent.
Trade
Bonus
Cap
Figure
Cap %
Team
Cap %
League
Cash Remaining
(Guaranteed)
Notes
Butler Jimmy Butler SF $48,798,677 $48,798,677 - - - $48,798,677 23.80 34.61 $101,212,071
($101,212,071)
Vet Extension / Bird
Adebayo Bam Adebayo C $34,848,340 $34,848,340 - - - $34,848,340 16.99 24.72 $71,944,960
($71,944,960)
Rk Extension / Bird
Herro Tyler Herro SG $29,000,000 $29,000,000 - $2,500,000 - $29,000,000 14.14 20.57 $93,000,000
($93,000,000)
Rk Extension / Bird
Rozier Terry Rozier PG $24,924,126 $24,924,126 - - - $24,924,126 12.15 17.68 $51,567,157
($49,848,252)
Acquired via Trade
Robinson Duncan Robinson SF $19,406,000 $19,406,000 - - - $19,406,000 9.46 13.76 $39,294,000
($29,294,000)
Free Agent / Bird
Martin Caleb Martin SF $7,126,900 $7,126,900 - - - $7,126,900 3.48 5.05 $7,126,900
($7,126,900)
Free Agent / NT-MLE
Love Kevin Love C $4,027,525 $4,027,525 - - - $4,027,525 1.96 2.86 $4,027,525
($4,027,525)
Free Agent / Non-Bird
Jaquez Jr. Jaime Jaquez Jr. SF $3,685,800 $3,685,800 - - - $3,685,800 1.80 2.61 $13,486,541
($0)
Drafted / Rookie Scale
G'teed: $0
Richardson Josh Richardson SG $3,051,153 $3,051,153 - - - $3,051,153 1.49 2.16 $3,051,153
($3,051,153)
Free Agent / Minimum
Bryant Thomas Bryant C $2,845,342 $2,845,342 - - - $2,845,342 1.39 2.02 $2,845,342
($2,845,342)
Free Agent / Minimum
Jovic Nikola Jovic SF $2,464,200 $2,464,200 - - - $2,464,200 1.20 1.75 $6,909,617
($2,464,200)
Drafted / Rookie Scale
Robinson Orlando Robinson C $2,120,693 $2,120,693 - - - $2,120,693 1.03 1.50 $2,120,693
($0)
Free Agent / Minimum
G'teed: $0


2024-25 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Heat are currently over the league salary cap, these cap holds do not count against their Total Cap figure. Renouncing these cap holds will NOT afford the team any new cap space. These figures are not counted toward a team's Luxury Tax Allocation.

Player (9) Pos. Qualifying Offer Likely Incent. Unlikely Incent. Trade Kicker Cap Figure Rights
HighsmithHaywood Highsmith F $2,377,671 $2,377,671 Restricted Bird
CainJamal Cain SF $2,093,637 $2,093,637 Two-Way
HaslemUdonis Haslem PF - $2,093,637 Bird
MickeyJordan Mickey PF - $2,093,637 Non-Bird
MillsPatty Mills PG - $2,093,637 Non-Bird
WadeDwyane Wade SG - $2,093,637 Early Bird
WrightDelon Wright PG - $2,093,637 Non-Bird
SwiderCole Swider F $1,867,722 $1,867,722 Two-Way
WilliamsAlondes Williams G $1,867,722 $1,867,722 Two-Way
Round 1, Pick #15       $4,094,280  
Round 2, Pick #43       -  


Exceptions

Exceptions are essentially "grants" offering teams an additional way to sign players. Exceptions can be split up for multiple player signings, however only one of these exceptions may be used in a season and they cannot be combined.

Trade Exception Details becomes available when a team relinquishes more salary than it acquires during a trade. The "credit" balance remains as an exception that can be used within the next year to acquire salary via trade without further relinquishing additional salary.

Type Reason (Used On) Original Available
Trade
7/06/2024
Victor Oladipo trade with OKC
$9,450,000 $9,450,000
Trade
7/08/2024
Max Strus trade with CLE
$7,243,842 $7,243,842
Trade
1/23/2025
Kyle Lowry trade with CHA
$6,477,319 $6,477,319


2024-25 Luxury Tax Totals

Denotes the Heat current standing in terms of the luxury tax threshold. Teams that spend over the threshold pay fines (estimated below).

Type Totals
2024 NBA Luxury Tax Threshold $171,315,000
Total Taxable Salaries $182,298,756
Current Luxury Tax Space $-10,983,756
Est. Luxury Tax Bill $18,709,393


2024-25 Miami Heat Salary Cap Totals

The Heat are currently over the league salary cap. This means Cap Holds & Exceptions are NOT included in their Total Cap Allocations, and renouncing these figures will not afford them any cap space. The team may only sign outside players using any available exceptions or at league minimum salaries.

Cap Type Cap Total
Active Roster Cap $182,298,756
Cap Holds $22,769,217
Total Cap Allocations $205,067,973
Salary Cap Maximum
2024 NBA Salary Cap Max $141,000,000
Current Cap Space $-64,067,973
Second Apron
2024 NBA Second Apron $189,486,000
Second Apron Space $4,687,244
 

2024-25 Practical Cap Space

Available Practical Cap Space: $-66,292,860 — $-32,024,143

$-66,292,860
Projected Practical Cap Space:

This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries + estimated exercised and declined options + estimated retained cap holds and draft pool cap holds.

$-32,024,143
Maximum Possible Cap Space:

This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries. All other options, cap holds, exceptions are assumed as declined, waived or renounced.





Deadlines

Deadline Date Player Type Value
6/29/2024 Thomas Bryant 2024-25 Player Option $2,845,342
6/29/2024 Alondes Williams 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Cole Swider 2024-25 Qualifying Offer — Two-Way $1,867,722
6/29/2024 Jamal Cain 2024-25 Qualifying Offer $2,093,637
6/29/2024 Kevin Love 2024-25 Player Option $4,027,525
6/29/2024 Josh Richardson 2024-25 Player Option $3,051,153
6/29/2024 Caleb Martin 2024-25 Player Option $7,126,900
6/29/2024 Haywood Highsmith 2024-25 Qualifying Offer $2,377,671
7/15/2024 Orlando Robinson 2024-25 Guaranteed $2,120,693
10/31/2024 Jaime Jaquez Jr. 2025-26 Club Option $3,861,600
10/31/2024 Nikola Jovic 2025-26 Club Option $4,445,417
6/29/2025 Duncan Robinson 2025-26 Player Option — Early Termination Option
6/29/2025 Jimmy Butler 2025-26 Player Option $52,413,394
7/08/2025 Duncan Robinson 2025-26 Guaranteed $19,888,000
10/31/2025 Jaime Jaquez Jr. 2026-27 Club Option $5,939,141
1/10/2026 Terry Rozier 2025-26 Guaranteed $26,643,031
6/29/2026 Nikola Jovic 2026-27 Qualifying Offer $6,592,553
6/29/2027 Jaime Jaquez Jr. 2027-28 Qualifying Offer $9,021,556




Unsigned Draft Picks

Draft Year Player Age Position Country College
1995 George Banks 28 PF USA Texas El-Paso
1997 Roberto DueƱas 48 C ESP


Future Draft Picks

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
2025
MIA
Top-14 Protected
OKC
15-30 (via LAC)
2026
MIA    OKC
MIA pick if settled with OKC, OKC pick if not settled (via LAC)
2027
MIA
Top-14 Protected (or if MIA does not convey 1st to OKC in 2025)
CHA
15-30 and if MIA conveys 1st to OKC in 2025
2028
MIA    CHA
MIA pick if MIA conveys 1st to CHA in 2027 or CHA pick if MIA does not convey 1st to OKC in 2025
2029
MIA
2030
MIA
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
2025
IND
31-37
BKN
38-59 (via IND)
2026
MIA
via CLE
MEM
More favorable of IND and MIA to MEM
2027
SAS
Least favorable of HOU, IND, MIA and OKC then others to OKC (via HOU to DET to OKC; via UTA to SAS)
MIA
Least favorable of SAS or HOU, IND, MIA and OKC then others to OKC and SAS
2028
DAL
via SAS
2029
OKC
2030
OKC