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Miami Heat 2022-23 Salary Cap

An updated look at the Miami Heat 2022-23 salary cap table, including team cap space, dead cap figures, exceptions, & complete breakdowns of player cap hits, salaries, and bonuses.

Heat – The Athletic

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Trade Kicker
Block Trade Clause
No Trade Clause
Player (2) Age Pos. Signed Using Base Salary Trade Kicker Likely Incent. Dead Cap Cap Figure Cap %
ButlerJimmy Butler MAX 33 SG Sign-and-Trade $37,653,300 - - - $37,653,300 66.61
HerroTyler Herro 22 SG Rookie $5,722,116 - - - $5,722,116 10.12


2022-23 Cap Holds

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc... Since the Heat are currently under the cap, all of these figures are included in their Total Cap Figure.

Player (2) Age Pos. Signed Using Base Salary Trade Kicker Likely Incent. Dead Cap Cap Figure Cap %
OkpalaKZ Okpala 23 SF Restricted Bird         $3,386,980  
SilvaChris Silva 26 F Restricted Bird         $2,228,276  
Incomplete Roster Charge
(10 spots)
          $0  


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 Amount (Remaining) Reason/Notes Expire Date
Trade Exception $7,533,867
($7,533,867)
Jame Johnson trade with MIN 02/06/2021


2022-23 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
2022 NBA Luxury Tax Threshold $0
Total Taxable Salaries $43,375,416
Luxury Tax Space $-43,375,416


2022-23 Miami Heat Salary Cap Totals

The Heat are currently under the league salary cap, meaning all Cap Holds & Exceptions are included in their Total Cap Allocations. The Cap Max Space figure below represents how much salary cap remains after all allocations are included.

Cap Type Total
Active Roster Cap $43,375,416
Cap Holds $13,149,123
Total Salaries $56,524,539
2022 NBA Salary Cap Max $132,500,000
Actual Cap Max Space $75,975,461
Cap Type Cap Total
Active Roster Cap $43,375,416
Cap Holds $13,149,123
Total Cap Allocations $56,524,539
2022 NBA Salary Cap Max $132,500,000
Cap Max Space $75,975,461



Deadlines

Deadline Date Player Type Value
2022-23
06/29/2023 Tyler Herro 2023-24 Qualifying Offer $7,913,687