Miami Heat is reportedly motivated to cut back on salaries when they exceeded the luxury tax line of $10 million which corresponds to $26 million in taxes.
According to ESPN, Heat announced earlier this week that guard Zoran Dragic has been acquired by Boston Celtics and Shabazz Napier will move to Orlando Magic. These two moves are said to remove an excess of $3 million in salaries and potentially decrease the tax to $8.3 million less.
Although they got no one in return, the report said that the team will have a 2020 second round pick.
Rumors have it that the team may also put Mario Chalmers and Chris Anderson, who have near-expiring contracts, on the market to further bring down their salary issues.
However, it is speculated that with Chalmers’ contract in 2015 amounting to $4.5 million, it may not be possible to trade him not only because of his salary but because he is not a starting pointguard.
Moreover, Anderson, despite being a dynamic center, may also have the same contract factor that can hold back possible teams such as New York Knicks, Dallas Mavericks and Los Angeles Lakers from pursuing him.
Sport World News proposed that the best option for Chalmers is to go to Philadelphia 76ers as they are still $21 million below their salary cap and they may not be looking for a long term contract.
Meanwhile, the trade of Dragic and Napier has reportedly opened a spot on the roster. Based on a report by Basketball Real GM, Heat has signed on Josh Richardson to fill it.
The report said that the 40th overall pick in the 2015 NBA Draft has come in to the terms of a $2.5 million contract for three years. League sources told the news outlet that Richardson’s deal is protected for the first year and partially guaranteed for the second year.
The player who averages 11.8 points, 2.8 rebounds, 1.7 steals and 1.6 assists in 10 summer leagues is expected to play on defense and transition to a backcourt role.
Miami Heat has not announced any detail regarding Richardson.