> According to two sources, the Heat has been giving thought to potentially using the waive-and-stretch provision on Lowry if Miami is unable to trade him, though a firm decision on that has not been made.
> In other words, if the Heat goes the waive-and-stretch route, Lowry would have a cap hit of $9.9 million each of the next three seasons instead of $29.7 million next season, which would be his cap hit otherwise.
> The upshot of that: Miami’s 2023-24 salary cap commitments would shrink from $178.5 million to $158.5 million, below the $165 million tax line and the $182.5 million second apron, a threshold that carries significant restrictions, including the inability to sign buyout players who were making more than $12 million from the team that released them.
> That extra flexibility could allow the Heat to re-sign guard Gabe Vincent in the days ahead without paying an enormous tax.
[Source (Paywall)](https://www.miamiherald.com/sports/nba/miami-heat/article276659416.html)
by iksnet
37 Comments
He gone.
come home Kyle, you had your fun in Miami
$10m taken up in the Heat’s cap space for the next 3 years would be brutal.
I wouldn’t mind keeping Kyle if he weren’t making $30M to play like garbage.
In my most recent MyCareer I went to the Heat as a rim running PF. Butler went out with a spine injury, and bam broke his foot. Playing with Lowry and Oladipo is the most miserable experience of all time.
Dating back to like Whiteside, the Heat have been elite at giving out terrible contracts and subsequently not being impacted by them lol
I know a team in Canada that has had point guard issues since they lost their longtime point guard to the team in South Beach.
You can have one slightly used Malcolm Brogdon
Seems no matter what we do, our team will be a bit worse off then last year.
Jaquez will have to replace Lowry if we do this and I’m already afraid that a likely overpay to retain Vincent will strap us even more. Strus is almost 100% gone, we just cant afford him.
“Running it back” isn’t actually possible here unfortunately.
All I know is Portland isn’t going to help the Heat by taking him in a Dame trade. Miami doesn’t have future potential low or mid lottery picks nor starting forwards to trade to the Blazers.
Some team would take him in a trade. 30 mil expiring contract is valuable
He is 80% washed, but on a smaller contract I think he can bring a solid 15 minutes a game to a contender in the playoffs
The new CBA is going to be very interesting in regards to teams trying to dump contracts seems like it’ll be a lot harder. I’m not liking how it’s shaping up
https://www.miamiherald.com/sports/nba/miami-heat/article276659416.html
Can they waive him and then re-sign him? He isn’t worth $30m but he was a super important player for them throughout the playoffs. Hit big shots, made big defensive plays, and just generally brought important championship experience. If the Heat truly are in win-now mode avoiding a tax bill or not going over a second apron that won’t even be in effect in any meaningful sense doesn’t seem worth losing Lowry over
Kyle would be nice off the bench for us
Absolutely no way should that be the plan for the Heat. Use Lowry at the deadline as an expiring. All this does is confirm that Arison is cheap and does not want to spend any money. The Heat can gain nothing by waiving and stretching him and all this does is reduce payroll.
But have they actually been shopping him? Sounds like they’re just gonna wait out the Dame situation and this is their back up plan.
Honestly though, if they can just keep gabe and Caleb while adding a quality big, that’s not a terrible situation to be in. They need that to add that piece though.
Come home, king.
This seems dumb from a basketball standpoint tbh. He’s an expiring which is just this year and yes, I want Gabe back but just waiving Lowry for Gabe doesn’t really change much in terms of what the team can do on a high enough level. We still have Herro Bam and Jimmy eat a lot of money. It pretty much just saves ownership money in taxes.
A lot of contenders would like to have Lowry off the bench next season
majority of the teams are exceeding the luxury tax threshold. All I’ve heard so far, other than Matt Ishbia, most teams are trying to be very conservative with their money. I wonder if there comes a point where the owners and players realize this CBA isn’t what’s best for them.
30 mill for an undersized guard who will be 38 at the end of next season
Miamis offense got wonky when he was on the floor.
Suns pls
I’d trade THJ and McGee for his expiring deal lol.
And these bozos thought they were gonna use him in a dame trade lmfao
How much money was Micky saving when he was (probably still is) dumping all that toxic waste into the water? He has been avoiding the tax hard since carnival got fined.
Don’t see any world in which we do this, makes our cap situation better for one year and worse for the next 2, so we’d have to win THIS year. He’s also our only real expiring which may have some value later down the line and outside of him we don’t really have many tradeable salaries at all so we need him if we want to make any big trade midseason
I remember when the Lakers were being called dumb for not signing Lowry.
If we’re not getting a good piece in return, what’s the point of stretching this instead of just running it back and letting it expire?
Damn, Bam is going to have to do double the injuring to other teams now
>The upshot of that: Miami’s 2023-24 salary cap commitments would shrink from $178.5 million to $158.5 million, below the $165 million tax line and the $182.5 million second apron, a threshold that carries significant restrictions
does this part matter as much? i thought a lot of second apron stuff wasn’t going to apply yet this year, and if they get his hit over with in one go it won’t be a drag on their subsequent seasons.
(or just keep him if they have the roster spot to spare, i dunno if they actually do.)
Haha, at least they’re consistent in their inconsistency! #GoHeat
Well there’s our backup PG if he wants it lol
Yup, the Heat should start a seminar on how to give out terrible contracts and still come out on top 😂
Haha, seems like the Heat have found their secret weapon – a magical contract genie! 😂