Miami Heat 2024-25 Financial Summary

A current summary of Miami Heat 2024-25 player cap & cash figures.

Filtering & Sorting...
Total Cap

$193,340,349 / 10th

Cap Space

$-52,752,349 / 21st

Tax Space

$-14,401,527

Cash Total

$196,061,374 / 6th

2024-25 Active Roster

Player Option
Early Termination
Non-Guaranteed
Club Option
Estimate
  Player (23) Pos Age Type Cap Hit Cap Hit Pct League Cap Apron Salary Luxury Tax Cash Total Cash Guaranteed Free Agent Year
1
Butler Jimmy Butler SF 35 Maximum-extension $48,798,677 34.71% $48,798,677 $48,798,677 $48,798,677 $48,798,677 2026
2
Adebayo Bam Adebayo C 27 DRK-EXT $34,848,340 24.79% $34,848,340 $34,848,340 $34,848,340 $34,848,340
3
Herro Tyler Herro SG 25 RK-EXT $29,000,000 20.63% $31,500,000 $29,000,000 $29,000,000 $29,000,000 2027
4
Rozier Terry Rozier PG 30 VET-EXT $24,924,126 17.73% $24,924,126 $24,924,126 $24,924,126 $24,924,126 2026
5
Robinson Duncan Robinson SF 30 FA $19,406,000 13.80% $19,406,000 $19,406,000 $19,406,000 $19,406,000 2026
6
Highsmith Haywood Highsmith F 28 FA $5,200,000 3.70% $5,200,000 $5,200,000 $5,200,000 $5,200,000 2026
7
Ware Kel'el Ware C 20 RK $4,655,040 3.31% $4,655,040 $4,655,040 $4,655,040 $4,655,040 2028
8
Love Kevin Love C 36 FA $3,850,000 2.74% $3,850,000 $3,850,000 $3,850,000 $3,850,000 2026
9
Jaquez Jr. Jaime Jaquez Jr. SF 23 RK $3,685,800 2.62% $3,685,800 $3,685,800 $3,685,800 $3,685,800 2027
10
Richardson Josh Richardson SG 31 FA $3,051,153 2.17% $3,051,153 $3,051,153 $3,051,153 $3,051,153 2025
11
Jovic Nikola Jovic SF 21 RK $2,464,200 1.75% $2,464,200 $2,464,200 $2,464,200 $2,464,200 2026
12
Burks Alec Burks SG 33 FA $2,087,519 1.48% $2,087,519 $2,087,519 $3,303,771 $3,303,771 2025
13
Bryant Thomas Bryant C 27 FA $2,087,519 1.48% $2,087,519 $2,087,519 $2,800,834 $2,800,834 2025
14
Larsson Pelle Larsson SG 23 RK $1,157,153 0.82% $1,157,153 $1,157,153 $1,157,153 $1,157,153 2027
15
Little Nassir Little SF 24 E10 - - - - $2,425,403 - 2025
16
Williams Malik Williams C 26 E10 - - - - $1,862,265 - 2025
17
Daniels Caleb Daniels G 25 E10 - - - - $1,157,153 - 2025
18
Pullin Zyon Pullin PG 23 E10 - - - - $1,157,153 - 2025
19
Stevens Isaiah Stevens PG 24 E10 - - - - $1,157,153 - 2025
20
Warren Bryson Warren G 20 E10 - - - - $1,157,153 - 2025
21
Christopher Josh Christopher SG 23 TW - - - - - - 2025
22
Smith Dru Smith SG 27 TW - - - - - - 2025
23
Johnson Keshad Johnson PF 23 TW - - - - - - 2025

2024-25 Cap Hold

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc.

  Player (4) Pos Age Type Cap Hit Cap Hit Pct League Cap          
1
Haslem Udonis Haslem PF 44 FA $2,087,519 1.48% Bird
2
Wade Dwyane Wade SG 43 $2,087,519 1.48% Early Bird
3
Mickey Jordan Mickey PF 30 $2,087,519 1.48% Non-Bird
4
Williams Alondes Williams G 25 TW $1,862,265 1.32% Two-Way
Round 2, Pick #43   -            

2024 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.

Type Reason Used On Expires Original Available
Taxpayer Mid-Level
End-of-Season $5,168,000 $5,168,000
Trade
Kyle Lowry trade with CHA
1/23/2025 $6,477,319 $6,477,319

2024 Cap Totals

Cap Maximum Summary
Cap Maximum $140,588,000
Active Roster $185,215,527 7th
Cap Hold $8,124,822 14th
Total Allocations $193,340,349 10th
Space $-52,752,349 21st
Practical Cap Space Summary
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.
$-51,922,881 -
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.
$-44,627,527 -
1st Apron Summary
1st Apron Maximum $178,132,000
Total Allocations $187,715,527 -
Space $-9,583,527 -
2nd Apron Summary
2nd Apron Maximum $188,931,000
Total Allocations $187,715,527 -
Space $1,215,473 -

2024 Tax Totals

Tax Summary
Tax Threshold $170,814,000
Total Allocations $185,215,527 7th
Space $-14,401,527 24th
Ext. Luxury Tax Bill $26,960,029 -

2024 Deadlines

Deadline Date Player Type Value
10/31/2024 Nikola Jovic
CLUB
2025-26 Club Option — exercised 9/5/24
$4,445,417
10/31/2024 Jaime Jaquez Jr.
CLUB
2025-26 Club Option — exercised 9/5/24
$3,861,600
6/29/2025 Duncan Robinson
PLAYER
2025-26 Player Option — Early Termination Option
6/29/2025 Caleb Daniels
RFA / QO
2025-26 Qualifying Offer
$2,248,494
6/29/2025 Jimmy Butler
PLAYER
2025-26 Player Option
$52,413,394
6/29/2025 Dru Smith
RFA / QO
2025-26 Qualifying Offer
$2,048,494
6/29/2025 Zyon Pullin
RFA / QO
2025-26 Qualifying Offer
$2,248,494
6/29/2025 Josh Christopher
RFA / QO
2025-26 Qualifying Offer — Two-Way
$2,048,494
6/29/2025 Isaiah Stevens
RFA / QO
2025-26 Qualifying Offer
$2,248,494
7/1/2025 Nikola Jovic
EXTENSION ELIGIBLE
2025-26 Extension Eligible
7/8/2025 Duncan Robinson
GUARANTEED
2025-26 Guaranteed
$19,888,000
10/1/2025 Tyler Herro
EXTENSION ELIGIBLE
2025-26 Extension Eligible
10/20/2025 Pelle Larsson
GUARANTEED
2025-26 Guaranteed — Opening Night TBD
$1,955,378
10/31/2025 Kel'el Ware
CLUB
2026-27 Club Option
$5,120,400
10/31/2025 Jaime Jaquez Jr.
CLUB
2026-27 Club Option
$5,939,141
1/10/2026 Terry Rozier
GUARANTEED
2025-26 Guaranteed
$26,643,031
6/29/2026 Pelle Larsson
CLUB
2026-27 Club Option — non-guaranteed
6/29/2026 Nikola Jovic
RFA / QO
2026-27 Qualifying Offer
$6,592,553
7/1/2026 Jaime Jaquez Jr.
EXTENSION ELIGIBLE
2026-27 Extension Eligible
7/2/2026 Pelle Larsson
EXTENSION ELIGIBLE
2026-27 Extension Eligible
10/19/2026 Pelle Larsson
GUARANTEED
2026-27 Guaranteed — Opening Night TBD
10/31/2026 Kel'el Ware
CLUB
2027-28 Club Option
$7,849,573
6/29/2027 Jaime Jaquez Jr.
RFA / QO
2027-28 Qualifying Offer
$9,021,556
7/1/2027 Kel'el Ware
EXTENSION ELIGIBLE
2027-28 Extension Eligible
7/6/2027 Bam Adebayo
EXTENSION ELIGIBLE
2027-28 Extension Eligible
6/29/2028 Kel'el Ware
RFA / QO
2028-29 Qualifying Offer
$11,758,661
6/29/2028 Bam Adebayo
PLAYER
2028-29 Player Option
$59,198,795

2024 Unsigned Draft Picks

Draft Year Player Pos Age Country College
1997 Roberto Dueñas C 48 Spain
1995 George Banks PF 29 United States Texas El-Paso

Future Draft Picks

2025

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
MIA
If 1-14
OKC
If 15-30 (via LAC)

2026

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
MIA    OKC
If already settled with OKC, else OKC (via LAC)

2027

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
MIA
If 1-14 or if MIA does not convey 1st to OKC in 2025
CHA
If 1-14 or if MIA does not convey 1st to OKC in 2025

2028

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
MIA    CHA
If MIA does not convey 1st to OKC in 2025

2029

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
MIA

2030

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
MIA

2031

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
MIA

2025

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
BKN
If 38-59 (via IND)

2026

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
MIA
(via CLE)
MEM
More favorable of IND and MIA to MEM

2027

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
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

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
DET
(via SAS to DAL)

2029

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
OKC

2030

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
OKC

2031

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
MIA

TRANSACTIONS

Sep 26, 2024
Caleb Daniels, G

Signed a contract with Miami (MIA) - Exhibit 10

Sep 24, 2024
Nassir Little, SF

Signed a contract with Miami (MIA) - Exhibit 10

Sep 12, 2024
Bryson Warren, G

Waived by Miami (MIA)

Sep 12, 2024
Malik Williams, C

Waived by Miami (MIA)

Sep 11, 2024
Bryson Warren, G

Signed a contract with Miami (MIA) - Exhibit 10

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