Miami Heat

Miami Heat 2023 Salary Cap

Heat 2023 Salary Cap

   
%: Pct of League Cap
Player Option
Early Termination Option
Club Option

Active Roster

Players (21) Pos. Age 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29
Butler Jimmy Butler
3 yr, $146,396,031 (AAV: $48.80M)
Extension / Maximum
SF 34 0$45,183,960
33.2%
0$48,798,677
34.4%
0$52,413,394
PLAYER
33.6%
0UFA
$54.29M
Bird
   
Adebayo Bam Adebayo
5 yr, $163,000,300 (AAV: $32.60M)
Extension / Designated Rookie
C 26
Ext. Eligible
0$32,600,060
24.0%
0$34,848,340
24.5%
0$37,096,620
23.7%
0UFA
$39.10M
Bird
   
Lowry Kyle Lowry
3 yr, $85,000,002 (AAV: $28.33M)
Free agent / Sign-and-Trade
PG 37
Ext. Eligible
0$29,682,540
21.8%
0UFA
$44.52M
Bird
       
Herro Tyler Herro
4 yr, $120,000,000 (AAV: $30.00M)
Extension / Rookie
SG 24 0$27,000,000
19.9%
0$29,000,000
20.4%
0$31,000,000
19.8%
0$33,000,000
19.2%
0UFA
$48.86M
Bird
 
Robinson Duncan Robinson
5 yr, $90,000,000 (AAV: $18.00M)
Free Agent
SF 29 0$18,154,000
13.3%
0$19,406,000
13.7%
0$19,888,000
ETO
12.7%
0UFA
$29.83M
Bird
   
Martin Caleb Martin
3 yr, $20,408,850 (AAV: $6.80M)
Free Agent
SF 28 0$6,802,950
5.0%
0$7,126,900
PLAYER
5.0%
0UFA
$13.54M
Bird
     
Love Kevin Love
2 yr, $7,863,263 (AAV: $3.93M)
Free Agent
C 35 0$3,835,738
2.8%
0$4,027,525
PLAYER
2.8%
0UFA
$7.46M
Bird
     
Jaquez Jr. Jaime Jaquez Jr.
4 yr, $16,997,141 (AAV: $4.25M)
1st-Round / Rookie Scale
SF 22 0$3,510,600
2.6%
0$3,685,800
2.6%
0$3,861,600
CLUB
2.5%
Ext. Eligible
0$5,939,141
CLUB
3.5%
0RFA
$17.82M
Bird
 
Richardson Josh Richardson
2 yr, $5,942,620 (AAV: $2.97M)
Free Agent
SG 30 0$2,891,467
2.1%
0$3,051,153
PLAYER
2.1%
0UFA
$2.44M
Early Bird
     
Bryant Thomas Bryant
2 yr, $5,373,575 (AAV: $2.69M)
Free Agent
C 26 0$2,528,233
1.9%
0$2,845,342
PLAYER
2.0%
0UFA
$2.35M
Early Bird
     
Jovic Nikola Jovic
4 yr, $11,501,537 (AAV: $2.88M)
1st-Round / Rookie Scale
SF 20 0$2,352,000
1.7%
0$2,464,200
CLUB
1.7%
Ext. Eligible
0$4,445,417
CLUB
2.8%
0RFA
$13.34M
Bird
   
Diallo Cheick Diallo
1 yr, $2,346,614 (AAV: $2.35M)
exhibit-10
PF 27 0$2,019,706
$0M GTD
1.5%
0UFA
$2.22M
Non-Bird
       
Champagnie Justin Champagnie
1 yr, $2,019,706 (AAV: $2.02M)
exhibit-10
SF 22 0$2,019,706
$0M GTD
1.5%
0RFA
$2.73M
Non-Bird
       
Highsmith Haywood Highsmith
3 yr, $3,945,742 (AAV: $1.32M)
Rest-of-Season
F 27 0$1,902,137
1.4%
0RFA
$2.38M
Bird
       
Robinson Orlando Robinson
2 yr, $3,922,462 (AAV: $1.96M)
Free Agent
C 23 0$1,801,769
1.3%
0$2,120,693
$0M GTD
1.5%
0RFA
$2.86M
Bird
     
Swider Cole Swider
1 yr, $1,801,769 (AAV: $1.80M)
exhibit-10
F 24 0$1,801,769
$0M GTD
1.3%
0RFA
$2.43M
Non-Bird
       
Peterson Drew Peterson
1 yr, $1,119,563 (AAV: $1.12M)
exhibit-10
F 24 0$1,119,563
$0M GTD
0.8%
0RFA
$2.18M
Non-Bird
       
Williams Alondes Williams
1 yr, $1,119,563 (AAV: $1.12M)
exhibit-10
G 24 0$1,119,563
$0M GTD
0.8%
0RFA
$2.18M
Non-Bird
       
Cain Jamal Cain
1 yr
Two-Way
SF 24 0Two-Way
 
 
0RFA
$1.98M
Two-Way
       
Hampton RJ Hampton
1 yr
Two-Way
PG 22 0Two-Way
 
 
0RFA
$1.98M
Two-Way
       
Smith Dru Smith
1 yr
Two-Way
SG 26 0Two-Way
 
 
0RFA
$1.98M
Two-Way
       
   

Cap Holds

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

Players (3) Pos. Age 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29
Haslem Udonis Haslem PF 43 0UFA
$2.02M
Bird
0UFA
$2.22M
Bird
0UFA
$2.44M
Bird
0UFA
$2.69M
Bird
0UFA
$2.96M
Bird
0UFA
$3.25M
Bird
Mickey Jordan Mickey PF 29 0UFA
$2.02M
Non-Bird
0UFA
$2.22M
Non-Bird
0UFA
$2.44M
Non-Bird
0UFA
$2.69M
Non-Bird
0UFA
$2.96M
Non-Bird
0UFA
$3.25M
Non-Bird
Wade Dwyane Wade SG 42 0UFA
$2.02M
Early Bird
0UFA
$2.22M
Early Bird
0UFA
$2.44M
Early Bird
0UFA
$2.69M
Early Bird
0UFA
$2.96M
Early Bird
0UFA
$3.25M
Early Bird

Summary

2023-24 2024-25 2025-26 2026-27 2027-28 2028-29
Cap Summary
Cap Maximum $136,021,000 $142,000,000 $156,200,000 $171,820,000 $189,002,000 $207,902,000
Active Roster Cap $186,325,761 $166,897,528 $148,705,031 $38,939,141 - -
Dead/Retained Cap - - - - - -
Cap Holds $9,569,118 $61,734,080 $35,980,616 $144,621,328 $75,552,012 $9,758,307
Total Cap Allocations $195,894,879 $228,631,608 $184,685,647 $183,560,469 $75,552,012 $9,758,307
Cap Space $-59,873,879 $-86,631,608 $-28,485,647 $-11,740,469 $113,449,988 $198,143,693
Hard-Cap Space Not Hard-Capped
Super-Tax Space
Tax Summary
Tax Threshold $165,294,000 $172,000,000 $189,200,000 $208,120,000 $228,932,000 $251,825,000
Taxable Salaries $188,634,569 $166,897,528 $148,705,031 $38,939,141 $0 $0
Tax Space $-23,340,569 $5,102,472 $40,494,969 $169,180,859 $228,932,000 $251,825,000
Tax Bill (Estimated)
$57,527,138
- - - - -


Exceptions

Exceptions are essentially "grants" offering teams an additional way to sign players.

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
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




Deadlines

Deadline Date Player Type Value
10/16/2023 Orlando Robinson 2023-24 Guaranteed — Opening Night - TBD $425,000
10/31/2023 Nikola Jovic 2024-25 Club Option $2,464,200
12/01/2023 Orlando Robinson 2023-24 Guaranteed $850,000
1/10/2024 Cheick Diallo 2023-24 Guaranteed $2,346,614
1/10/2024 Orlando Robinson 2023-24 Guaranteed $1,801,769
1/10/2024 Drew Peterson 2023-24 Guaranteed $1,119,563
1/10/2024 Alondes Williams 2024-25 Guaranteed $1,119,563
1/10/2024 Cole Swider 2023-24 Guaranteed $1,801,769
1/10/2024 Justin Champagnie 2024-25 Guaranteed $2,019,706
6/29/2024 Cole Swider 2024-25 Qualifying Offer $2,432,388
6/29/2024 RJ Hampton 2024-25 Qualifying Offer — Two-Way $1,981,953
6/29/2024 Justin Champagnie 2024-25 Qualifying Offer $2,726,604
6/29/2024 Alondes Williams 2024-25 Qualifying Offer $2,181,953
6/29/2024 Drew Peterson 2024-25 Qualifying Offer $2,181,953
6/29/2024 Jamal Cain 2024-25 Qualifying Offer $1,981,953
6/29/2024 Thomas Bryant 2024-25 Player Option $2,845,342
6/29/2024 Haywood Highsmith 2024-25 Qualifying Offer $2,377,671
6/29/2024 Caleb Martin 2024-25 Player Option $7,126,900
6/29/2024 Josh Richardson 2024-25 Player Option $3,051,153
6/29/2024 Dru Smith 2024-25 Qualifying Offer — Two-Way $1,981,953
6/29/2024 Kevin Love 2024-25 Player Option $4,027,525
7/15/2024 Orlando Robinson 2024-25 Guaranteed $2,120,693
10/31/2024 Jaime Jaquez Jr. 2025-26 Club Option $3,861,600
10/31/2024 Nikola Jovic 2025-26 Club Option $4,445,417
6/29/2025 Jimmy Butler 2025-26 Player Option $52,413,394
6/29/2025 Duncan Robinson 2025-26 Player Option — Early Termination Option
7/08/2025 Duncan Robinson 2025-26 Guaranteed $19,888,000
10/31/2025 Jaime Jaquez Jr. 2026-27 Club Option $5,939,141
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 DueƱas 47 C ESP


Future Draft Picks

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
2024
MIA
2025
MIA
Top-14 Protected
OKC
15-30 (via LAC)
2026
MIA    OKC
MIA pick if settled with OKC, OKC pick if not settled (via LAC)
2027
MIA
2028
MIA
2029
MIA
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
2024
MIA
31-50
ATL
51-55
NYK
56-60 (via CLE to DET to PHI)
2025
IND
31-37
BKN
38-59 (via IND)
2026
MIA
via CLE
MEM
More favorable of IND and MIA to MEM
2027
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
DAL
via SAS
2029
OKC