Player (7)	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	$52,413,394	$52,413,394	-	-	-	$52,413,394	24.12	33.79	$52,413,394 ($52,413,394)	Vet Extension / Bird
Adebayo Bam Adebayo	C	$37,096,620	$37,096,620	-	-	-	$37,096,620	17.07	23.92	$37,096,620 ($37,096,620)	Rk Extension / Bird
Herro Tyler Herro	SG	$31,000,000	$31,000,000	-	$2,500,000	-	$31,000,000	14.27	19.99	$64,000,000 ($64,000,000)	Rk Extension / Bird
Rozier Terry Rozier	PG	$26,643,031	$26,643,031	-	-	-	$26,643,031	12.26	17.18	$26,643,031 ($24,924,126)	Acquired via Trade G'teed: $24,924,126
Robinson Duncan Robinson	SF	$19,888,000	$19,888,000	-	-	-	$19,888,000	9.15	12.82	$19,888,000 ($9,888,000)	Free Agent / Bird G'teed: $9,888,000
Jovic Nikola Jovic	SF	$4,445,417	$4,445,417	-	-	-	$4,445,417	2.05	2.87	$4,445,417 ($0)	Drafted / Rookie Scale G'teed: $0
Jaquez Jr. Jaime Jaquez Jr.	SF	$3,861,600	$3,861,600	-	-	-	$3,861,600	1.78	2.49	$9,800,741 ($3,861,600)	Drafted / Rookie Scale

2025-26 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 (8)	Pos.	Qualifying Offer	Likely Incent.	Unlikely Incent.	Trade Kicker	Cap Figure	Rights
MartinCaleb Martin	SF	-				$13,541,110	Bird
LoveKevin Love	C	-				$7,455,247	Bird
RobinsonOrlando Robinson	C	-				$2,862,936	Restricted Bird
RichardsonJosh Richardson	SG	-				$2,443,849	Early Bird
BryantThomas Bryant	C	-				$2,345,912	Early Bird
HaslemUdonis Haslem	PF	-				$2,303,001	Bird
MickeyJordan Mickey	PF	-				$2,303,001	Non-Bird
WadeDwyane Wade	SG	-				$2,303,001	Early Bird
Incomplete Roster Charge	5 spots	5 spots				$6,382,995

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

2025-26 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
2025 NBA Luxury Tax Threshold		$188,447,000
Total Taxable Salaries		$175,348,062
Current Luxury Tax Space		$13,098,938

2025-26 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	Total
Active Roster Cap	$175,348,062
Cap Holds	$41,941,052
Total Salaries	$217,289,114
2025 NBA Salary Cap Max	$155,100,000
Actual Cap Max Space	$-62,189,114

Cap Type	Cap Total
Active Roster Cap	$175,348,062
Cap Holds	$41,941,052
Total Cap Allocations	$217,289,114
Salary Cap Maximum
2025 NBA Salary Cap Max	$155,100,000
Current Cap Space	$-62,189,114
Second Apron
2025 NBA Second Apron	$208,435,000
Second Apron Space	$30,586,938

 

2025-26 Practical Cap Space

Available Practical Cap Space:

$-20,434,932 — $30,701,863

$-20,434,932

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.

$30,701,863

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
10/31/2024	Nikola Jovic	2025-26 Club Option	$4,445,417
10/31/2024	Jaime Jaquez Jr.	2025-26 Club Option	$3,861,600
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 Dueñas	48	C	ESP

Future Draft Picks

• Round 1
• Round 2