Player (9)	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	$45,183,960	$45,183,960	-	-	-	$45,183,960	22.44	33.72	$146,396,031 ($146,396,031)	Vet Extension / Bird
Adebayo Bam Adebayo	C	$32,600,060	$32,600,060	-	-	-	$32,600,060	16.19	24.33	$104,545,020 ($104,545,020)	Rk Extension / Bird
Lowry Kyle Lowry	PG	$29,682,540	$29,682,540	-	-	-	$29,682,540	14.74	22.15	$29,682,540 ($29,682,540)	Acquired via Trade
Herro Tyler Herro	SG	$27,000,000	$27,000,000	-	$2,500,000	-	$27,000,000	13.41	20.15	$120,000,000 ($120,000,000)	Rk Extension / Bird
Robinson Duncan Robinson	SF	$18,154,000	$18,154,000	-	-	-	$18,154,000	9.01	13.55	$57,448,000 ($47,448,000)	Free Agent / Bird
Oladipo Victor Oladipo	SG	$9,450,000	$9,450,000	-	-	-	$9,450,000	4.69	7.05	$9,450,000 ($9,450,000)	Free Agent / Bird
Martin Caleb Martin	SF	$6,802,950	$6,802,950	-	-	-	$6,802,950	3.38	5.08	$13,929,850 ($13,929,850)	Free Agent / NT-MLE
Jovic Nikola Jovic	SF	$2,352,000	$2,352,000	-	-	-	$2,352,000	1.17	1.76	$9,261,617 ($2,352,000)	Drafted / Rookie Scale
Highsmith Haywood Highsmith	F	$1,902,137	$1,902,137	-	-	-	$1,902,137	0.94	1.42	$1,902,137 ($0)	RoS / NT-MLE G'teed: $0

2023-24 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 (10)	Pos.	Qualifying Offer	Likely Incent.	Unlikely Incent.	Trade Kicker	Cap Figure	Rights
LoveKevin Love	C	-				$3,736,966	Non-Bird
YurtsevenOmer Yurtseven	C	$2,261,266				$2,261,266	Restricted Bird
HaslemUdonis Haslem	PF	-				$1,989,698	Bird
MickeyJordan Mickey	PF	-				$1,989,698	Non-Bird
StrusMax Strus	SG	-				$1,989,698	Bird
VincentGabe Vincent	PG	-				$1,989,698	Bird
WadeDwyane Wade	SG	-				$1,989,698	Early Bird
ZellerCody Zeller	C	-				$1,989,698	Non-Bird
CainJamal Cain	SF	$1,774,999				$1,774,999	Two-Way
RobinsonOrlando Robinson	C	$1,774,999				$1,774,999	Two-Way
Incomplete Roster Charge	3 spots	3 spots				$3,308,787
Round 1, Pick #18						$3,458,400

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.

Taxpayer Mid-Level Exception Details is awarded annually to teams who are above the cap and above the Luxury Tax Apron ($169,000,000) and can be used for contracts up to 3 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.

Type	Reason (Used On)	Original	Available
Taxpayer Mid-Level		$5,000,000	$5,000,000
Trade 2/07/2024	Dewayne Dedmon trade with SAS	$4,700,000	$4,700,000

2023-24 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
2023 NBA Luxury Tax Threshold		$162,000,000
Total Taxable Salaries		$173,127,647
Current Luxury Tax Space		$-11,127,647
Est. Luxury Tax Bill		$19,069,120

2023-24 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	$173,127,647
Cap Holds	$28,253,605
Total Salaries	$201,381,252
2023 NBA Salary Cap Max	$134,000,000
Actual Cap Max Space	$-67,381,252

Cap Type	Cap Total
Active Roster Cap	$173,127,647
Cap Holds	$28,253,605
Total Cap Allocations	$201,381,252
Salary Cap Maximum
2023 NBA Salary Cap Max	$134,000,000
Current Cap Space	$-67,381,252
"Super Tax" Apron
2023 NBA Super-Tax Apron	$179,500,000
Super-Tax Apron Space	$3,872,353

 

2023-24 Practical Cap Space

Available Practical Cap Space:

$-62,170,328 — $-36,748,555

$-62,170,328

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.

$-36,748,555

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
6/29/2023	Jamal Cain	2023-24 Qualifying Offer — Two-Way	$1,774,999
6/29/2023	Omer Yurtseven	2023-24 Qualifying Offer	$2,261,266
6/29/2023	Victor Oladipo	2023-24 Player Option	$9,450,000
6/29/2023	Orlando Robinson	2023-24 Qualifying Offer — Two-Way	$1,774,999
7/15/2023	Haywood Highsmith	2023-24 Guaranteed	$1,902,137
10/31/2023	Nikola Jovic	2024-25 Club Option	$2,464,200
6/29/2024	Caleb Martin	2024-25 Player Option	$7,126,900
6/29/2024	Haywood Highsmith	2024-25 Qualifying Offer	$2,377,671
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
6/29/2026	Nikola Jovic	2026-27 Qualifying Offer	$6,592,553

Unsigned Draft Picks

Draft Year	Player	Age	Position	Country	College
1995	George Banks	27	PF	USA	Texas El-Paso
1997	Roberto Dueñas	47	C	ESP

Future Draft Picks

• Round 1
• Round 2