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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.
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.
Non-Taxpayer Mid-Level Exception Details is awarded annually to teams who are above the cap but below the Luxury Tax Apron ($138,928,000) and can be used for contracts up to 4 years in length.
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.
Non-Taxpayer Mid-Level Exception
KZ Okpala ($898,310), Chris Silva ($466,918)
2019-20 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).
2019 NBA Luxury Tax Threshold
Total Taxable Salaries
Current Luxury Tax Space
Est. Luxury Tax Bill
2019-20 Miami Heat Salary Cap Totals
This team is currently "hard-capped", which means their Total Taxable Salaries may not exceed $138,928,000 at any point during the season.