Saturday, July 10, 2010

Miami Heat 2010 Offseason Moves

Last Update: 7/28/10 @ 5:30 PM
Beyond the acquisition of arguably the most talented trio in NBA history, the Miami Heat still have work to do in order to complete their roster and be ready for the 2010 NBA season. Below we list the latest trades and signings that the Heat have completed to date. This post will be updated as more developments stream in, so stay tuned.

  • Acquired F LeBron James in a sign-and-trade deal with the Cleveland Cavaliers, sending two future first-round draft picks and two future second-round draft picks in return for James. James agreed to a six-year, $110 million contract*.
  • Acquired F/C Chris Bosh in a sign-and-trade deal with the Toronto Raptors, sending two 2011 first-round draft picks in return for Bosh. Bosh agreed to a six-year, $110 million contract*.
  • Traded F Michael Beasley to the Minnesota Timberwolves in return for a future second-round draft pick.
  • Traded G Daequan Cook and their 2010 first-round draft pick to the Oklahoma City Thunder in return for a 2010 second-round draft pick (C Dexter Pittman).

  • Re-signed G Dwyane Wade to a six-year, $107.5 million contract*.
  • Signed G/F Mike Miller to a five-year, $30 million contract.
  • Signed C Joel Anthony to a five-year, $18 million contract.
  • Re-signed F/C Udonis Haslem; terms of the contract have not been disclosed. Haslem reportedly turned down offers from the Dallas Mavericks and Denver Nuggets worth much more than Miami's offer.  
  • Signed C Zydrunas Ilgauskus to a two-year, $2.8 million contract with a player option after the first season.
  • Re-signed C Jamaal Magloire to a one-year deal for the veteran minimum salary (approximately $1.4 million). 
  • Signed F/C Juwan Howard for the veteran minimum salary, length of the contract has not been disclosed.
  • Signed C Dexter Pittman to a three-year deal. The amount of the contract has not been disclosed, but second-round picks typically earn around $450,000 (not guaranteed) to start.
  • Re-signed PG Carlos Arroyo. Terms of the contract have yet to be disclosed.
  • Re-signed F/C Shavlik Randolph. Terms of the contract have yet to be disclosed. 
  • Re-signed G Kenny Hasbrouck.Terms of the contract have yet to be disclosed. Hasbrouck is the 15th player on the Heat roster, filling the final spot on the team.

    Other Moves
    • Bought out F James Jones contract for $1.86 million, freeing up cap space for the Heat and making Jones an unrestricted free agent.
    • Drafted C Dexter Pittman (Texas), F/C Jarvis Varnado (Mississippi State) and F Da'Sean Butler (West Virgina) in the second round of the 2010 NBA Draft.

    *Wade, James and Bosh all have the ability to opt out of their contracts after the 2014 season. All three players took in excess of $15 million worth of pay cuts each in order to free up cap space to fill the remainder of the Heat roster.

    * * *
    Projected Starting Roster
    • PG - Mario Chalmers
    • SG - Dwyane Wade
    • SF - LeBron James
    • PF - Chris Bosh
    • C - Zydrunas Ilgauskus
    Projected Reserves
    • PF - Udonis Haslem
    • SG - Mike Miller
    • C - Joel Anthony
    • C - Jamaal Magloire 
    • SF - James Jones
    • PF - Juwan Howard 
    • PG - Carlos Arroyo
    • C - Dexter Pittman
    • PF - Shavlik Randolph
    • PG - Kenny Hasbrouck 

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