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  1. #1
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    Important Question to all HEAT Fans?!?!

    So, I believe from reports that we have 55 million in cap space??

    The cap is set at 62 million with luxury tax at 77 million?

    Why can't Miami sign all the free agents we want, then using bird rights, re-sign one of the big 3?

    Example..

    Sign Bosh- 15 mill
    Sign Wade 15 mill

    We still have about 20-25 million in cap space.

    Now, can we not sign Gortat and fillers for say 15 mill, and then using bird rights, go over cap and sign LeBron to his max? That puts us at 75 mill, Mickey Arison is happy as we are not over luxury tax, and the Big 3 get their needed help?

    So yeah, why can't we sign the Big 3 LAST using bird rights to go over cap?

  2. #2
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    Sorry to clutter the heat forum btw, as soon as someone answers a mod can delete or merge this thread, but this question has been eating me away forever.

    I always thought that bird rights allow a team to go over the cap to sign their players back, and we have the Bird rights to the Big 3 I believe?

    At least Wade for sure..

  3. #3
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    I could be wrong, but I think once the Heat re-announce the bird rights for James, Wade and Bosh, then the cap-space is gone technically. For instance, if the Heat re-announce the bird rights for Bosh, then there goes $20M in cap-space. But if the Heat signed Bosh let's say 4 years for $56M, then the $20M goes away immediately. Bosh would then be making $14M per year.

    So basically if the Heat re-announce the bird rights for LeBron, then they can offer him about 5 years for $129M. On the other hand, if the Heat don't re-announce the bird rights for LeBron, in that case their in the same position as all the other teams who can offer LeBron a max contract.

  4. #4
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    Quote Originally Posted by Romo2TheOscars View Post
    I could be wrong, but I think once the Heat re-announce the bird rights for James, Wade and Bosh, then the cap-space is gone technically. For instance, if the Heat re-announce the bird rights for Bosh, then there goes $20M in cap-space. But if the Heat signed Bosh let's say 4 years for $56M, then the $20M goes away immediately. Bosh would then be making $14M per year.

    So basically if the Heat re-announce the bird rights for LeBron, then they can offer him about 5 years for $129M. On the other hand, if the Heat don't re-announce the bird rights for LeBron, in that case their in the same position as all the other teams who can offer LeBron a max contract.
    So why don't we sign who we want to sign, and then "re-announce" our bird rights and go over cap to sign our Big 3?

    Or, say LeBron wants the max, then why don't we sign Bosh and Wade to their respective pay-cut deals, and then we have 25 million or so to sign anyone we want, and then we can use the "bird rights" to offer LeBron the max deal??

  5. #5
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    Quote Originally Posted by Nikeman View Post
    So why don't we sign who we want to sign, and then "re-announce" our bird rights and go over cap to sign our Big 3?

    Or, say LeBron wants the max, then why don't we sign Bosh and Wade to their respective pay-cut deals, and then we have 25 million or so to sign anyone we want, and then we can use the "bird rights" to offer LeBron the max deal??
    I mean either way Wade and Bosh would still be getting their money. If Miami don't re-announce the bird rights for Wade and Bosh, then cool. But the Heat would still have to sign them to new contracts.

  6. #6
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    Quote Originally Posted by Nikeman View Post
    So yeah, why can't we sign the Big 3 LAST using bird rights to go over cap?
    Because of what is called a "cap hold". This would not allow the HEAT to use actual cap space until they re-sign, sign elsewhere, or we renounce their Bird rights.

  7. #7
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    It's either bird rights or cap space.

    In order to have all that cap space then we have to renounce (give up) their bird rights. If we don't, then there is a hold for 20 million each player(related to their most recent earnings). 60mil cap hold.

    The other way around this is to sign them first to their smaller deals that way their hit against the cap is not 20 million but their new reduced salary. Example: each at 15mil first year = only 45million against the cap.

    If we renounce all three, THEN we have 55 million in cap space. (63 mil minus Cole, Napier, and 7 empty roster spot holds)

  8. #8
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    Okay, what about back-loading deals??

    Say we give both Wade/Bosh close to 15m per year @ 4 years and 60 mill?

    Then back-load the contract, allowing Wade/Bosh to make 8 mill the first year, and close to 18 the other 3 years?

    This year, the cap-hit is only 16 million for both of them, and if we sign Bron at 20 mill, we essentially only use 36 mill cap space this season and have about 18-20 million?

  9. #9
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    Quote Originally Posted by Nikeman View Post
    Okay, what about back-loading deals??

    Say we give both Wade/Bosh close to 15m per year @ 4 years and 60 mill?

    Then back-load the contract, allowing Wade/Bosh to make 8 mill the first year, and close to 18 the other 3 years?

    This year, the cap-hit is only 16 million for both of them, and if we sign Bron at 20 mill, we essentially only use 36 mill cap space this season and have about 18-20 million?
    3 years from now, you think Arison would mind paying Wade and Bosh $18M?

  10. #10
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    Quote Originally Posted by Nikeman View Post
    Okay, what about back-loading deals??

    Say we give both Wade/Bosh close to 15m per year @ 4 years and 60 mill?

    Then back-load the contract, allowing Wade/Bosh to make 8 mill the first year, and close to 18 the other 3 years?

    This year, the cap-hit is only 16 million for both of them, and if we sign Bron at 20 mill, we essentially only use 36 mill cap space this season and have about 18-20 million?
    That type of contract is illegal under the CBA or else every team would do it. Sign a bunch of free agents for small amounts and then get a mega raise the next year.

  11. #11
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    Quote Originally Posted by beasted86 View Post
    That type of contract is illegal under the CBA or else every team would do it. Sign a bunch of free agents for small amounts and then get a mega raise the next year.
    How did Houston get away with it for Lin/Asik?

  12. #12
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    Quote Originally Posted by Romo2TheOscars View Post
    3 years from now, you think Arison would mind paying Wade and Bosh $18M?
    Well quite honestly, if it means keeping LeBron and getting an ultra-competitive team for the next 2-4 years if we can add the right pieces, then yes.

  13. #13
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    Per the NBA forum, IF Wade/Bosh were to take 15m deals, we can offer a raise of the contract by 7.5%, meaning we can offer 4/60, but the minimum 1st year salary would be 13.75 million, or 7.5% of 15 million. This rule, per the CBA would allow Miami to gain about an extra 2 million in cap space with the Wade/Bosh deals, just an FYI if anyone was interested.

  14. #14
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    Quote Originally Posted by Nikeman View Post
    How did Houston get away with it for Lin/Asik?
    Its called a poison-pill contract and only applies to guys coming off rookie salaries who played two seasons.

    You need to play 3 years with a team to get full Bird Rights, so if you only play 2 seasons as a rookie and then are up for a deal, you can't sign the regular max like a normal first rounder would sign. You are basically limited to signing a contract that is 2 years at the current mid-level (essentially completing your first 4 years of low-type salary like a normal 1st round player) and then the following years can be the max salary (for what would then be a 5th+ year player) going into the 3rd year of the contract and beyond.

  15. #15
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    Quote Originally Posted by beasted86 View Post
    Its called a poison-pill contract and only applies to guys coming off rookie salaries who played two seasons.

    You need to play 3 years with a team to get full Bird Rights, so if you only play 2 seasons as a rookie and then are up for a deal, you can't sign the regular max like a normal first rounder would sign. You are basically limited to signing a contract that is 2 years at the current mid-level (essentially completing your first 4 years of low-type salary like a normal 1st round player) and then the following years can be the max salary (for what would then be a 5th+ year player) going into the 3rd year of the contract and beyond.
    Gotcha

    Well crap, we are much, much, more limited than I thought we were going to be man. Especially if reports are true LBJ wants the max. We may just come away with one player in the 5-6 million dollar range.

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