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It looks like the Miami Heat are going to have more flexibility in free agency than anyone anticipated.
According to Windhorst, the Heat believe that they will have a maximum of $12 million in cap space after the Big 3 re-sign.
- James: $20.7 million
- Wade/Bosh: ~$28.4 million
- Norris Cole: $2.1 million
- Cap space: $12 million
Wade and Bosh would earn $14.2 million each in this scenario. That's a pay cut of ~$5 million from the ~$19 million they each earned in 2013-14.
Under NBA rules, Wade and Bosh can only get 7.5% raises from the base salary in the first year of their contracts. So it's not like the Heat can simply give them a big salary bump down the line to restore their annual salaries to their 2013-14 levels.
It'd be huge for the Heat. LeBron opted out of his contract to put more pressure on Miami to build a good team around him. That $12 million in cap space gives Pat Riley the ability to do just that. He could spread that cap space around to a number of role players or add a fourth star like Luol Deng.
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