2023-06-28 10:42:00
While he still has a year left on his contract, Kyle Lowry no longer seems to fit into Miami’s plans. His nearly $30 million a season weighs heavily on the Heat’s finances. According to the Miami Herald, the veteran point guard might therefore be cut via a waiver-and-stretch provision if he is not transferred this summer.
The wéivanstrètche provizieune, késako? To put it simply, it is the possibility for a team of cut a player while spreading his guaranteed salary over several seasons. In Lowry’s case, that would allow the Heat not to pay him 30 million this season, but 10 million over the next three. In this way, the franchise would recover 20 million cap space for this summer, which would potentially allow the re-signing of free agents Max Strus and Gabe Vincent, priorities of management.
Heat considering multiple options with Lowry; for now, they’ll wait to see if he’s needed in Lillard trade. Where things stand and what makes sense:
— Barry Jackson (@flasportsbuzz) June 27, 2023
With the big contracts of Butler (45 million), Adebayo (32 million), Herro (27 million) and therefore Lowry (30 million), Miami’s payroll is indeed full. By adding those of Robinson, Oladipo, Martin, Jovic and Highsmith, we already arrive above the Luxury Tax set at 165 million dollars. The management must therefore imperatively clean up its finances if it wants to give its two free agents the nice check that they are likely to ask for.
???? 50 million over 4 years: the price needed to sign Gabe Vincent or Max Strus this summer?
Beautiful products from the Miami formation, the duo and the franchise would like to extend but the rate that circulates would be this one today.
Complicated for the Heat: who will stay? pic.twitter.com/4jtgJAHLS3
— TrashTalk (@TrashTalk_fr) June 26, 2023
The ideal for the Heat would be to find a transfer partner to get rid of Lowry’s contract while obtaining a counterpart. But at present, which franchise would agree to recover the veteran point guard? Arrived in 2021 in a deal with Toronto, he never had the expected return in Florida. In two seasons in the Heat jersey, he has 12 points, 4 rebounds and 6 assists at 42% shooting including 36% from behind the arc. Not so bad will you tell us? For a player paid 30 million per season, it’s light. We are perhaps a little harsh with Kyle, who remains a good ultra-experienced player, NBA champion, six-time All-star and still capable of a few hot shots. But no matter what, his contract is a small ball which will be difficult to refourguer.
Let’s try to think regarding which teams might want him. Toronto, his former franchise of which he is a living legend? In the event of the departure of Fred VanVleet, a free agent this summer, the Raptors would seek a new point guard and have room to welcome Kyle’s contract. Houston, who is looking for a veteran point guard to surround his young core? If they failed to bring in James Harden or that same VanVleet, the Rockets might see him as an interesting option, who knows. Finally, Lowry might be an asset in a potential transfer from Damian Lillard, whose future is uncertain on the side of Portland. Miami should certainly tie a handful of young players and draft rounds there, but to match the salaries, Kyle’s contract would be ideal.
Transfer or not, the Heat seem determined to get rid of Kyle Lowry and his contract at 30 million per season. An admission of failure for what was one of the big shots of Free Agency 2021. Will the point guard find a place to bounce back?
Source texte : Miami Herald
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