NBA
NBA Monday: Can Miami Keep The Big Three?
Keeping The Big Three:ย For some unexplainable reason โ well not entirely unexplainable โ there is this public and media driven belief that Miamiโs Big Three of LeBron James, Dwyane Wade and Chris Bosh are somehow destined to break up. If not this summer, next summer or the summer after that.
All three players signed similarly constructed deals โ they all have an option for free agency in July, another one next July and their contracts come to an end in July of 2016. So they all have the option to leave every summer for the next three years.
Having the option and wanting to use the option are two very different things.
Since coming together in July of 2010, the HEAT are 224-88, that is a win rate of 71%. They have won two championships and are on the eve of making their fourth straight Finals appearance and could collect their third championship this year.
ย Team | ย Max Possible Space |
ย Dallas Mavericks | ย ย $30,834,657 |
ย Philadelphia 76ers | ย ย $28,797,920 |
ย Utah Jazz | ย ย $26,276,061 |
ย Los Angeles Lakers | ย ย $24,808,804 |
ย Phoenix Suns | ย ย $23,118,682 |
ย Charlotte Hornets | ย ย $18,356,720 |
ย Orlando Magic | ย ย $16,139,426 |
ย Cleveland Cavaliers | ย ย $16,038,933 |
ย Detroit Pistons | ย ย $15,542,190 |
ย Atlanta Hawks | ย ย $10,345,536 |
ย Milwaukee Bucks | ย ย $10,326,218 |
ย Washington Wizards | ย ย $9,380,622 |
ย San Antonio Spurs | ย ย $8,265,107 |
ย Boston Celtics | ย ย $3,279,450 |
ย Toronto Raptors | ย ย $2,483,490 |
ย New Orleans Pelicans | ย ย $1,604,459 |
***Would require renouncing all free agents, options and cap holds. Does not include draft pick placeholders.
The core of the team adores head coach Eric Spoelstra. HEAT president Pat Riley has delivered on everything he promised them in 2010 and HEAT owner Mickey Arison has said heโll pay whatever he needs to pay to keep the championship train on its tracks.
So exactly what is not working that would have these guys looking for the door?
Dwyane Wade isnโt dead yet. As much as there is this perception among fans that James wouldnโt want to tie himself to Wade long-term because of repeated knee injuries, the two are extremely close friends and there is zero animosity between those two guys. There is a reason they sit at the podium together, there is a reason they came together in Miami in 2010. They are very close.
Bosh is playing the role they ask him to play. If you believe for a second that he canโt be more than he has been in Miami, you might be crazy. Bosh is one of the guys that has put his game in the closet to win championships. He is absolutely capable of doing more for the HEAT and from time to time he shows that. Bosh playing in the paint gums up how Miami plays, so heโs been asked to dial it back to things that fit into the system, and he is more than happy with that. He still makes the All-Star team; he has started a nice jewelry collection and has bought his second massive piece of property in Miami.
He isnโt looking for the door any more than Wade is.
So this brings us back to James.
There is this sense that because he left one team, that he will pick up and leave another. That when the championship train slow down, heโll get off and go find a new one.
Could you imagine saying that about Tim Duncan? How about Kobe Bryant? Dirk Nowitzki? How about Michael Jordan? He left the Bulls when the Bulls gave up on him. He didnโt hop from team to team trying win championships.
But because James left once, there is this perception heโll do it again, which completely overlooks how happy he is with his team, his coach, management and ownership.
James has a family in Miami. He is getting absolutely everything he could have dreamed for and a little more and he is packing up and leaving?
He has the option, so because that option is there it must be talked about, because it is an option.
James’ camp does their best to keep everyone honest and aggressive with rumors and innuendo. They want the HEAT to continue to add top level pieces around him to keep that ring train rolling and with how the HEATโs roster is structured they will be able to do exactly that this summer.
Virtually all of the current roster playersโ contracts expire this summer. Udonis Haslem has a final year worth a little more than $4.62 million that is a player option. Chris Andersen has something similar worth $1.44 million. Norris Cole is the only player with a fully guaranteed deal worth just over $2 million. So the books become pretty clean in Miami this summer.
Big Three’s Current Deal
ย Year | ย Salary |
ย 1 | ย $20,590,000 |
ย 2 | ย $22,112,500 |
A New Four Year – $80 Million Deal
ย Year | ย Salary |
ย 1 | ย $17,278,618 |
ย 2 | ย $19,092,873 |
ย 3 | ย $20,907,127 |
ย 4 | ย $22,721,382 |
The Big Three all have two years and just over $42.7 million left on their deals. If they opt-in, the HEAT wonโt have much to work with, but if all three opt-out, the HEAT have plenty of options.
What they re-sign for opens up a lot of possibilities.
A new three year deal in the three years for $60 million range gets the HEAT to roughly $54 million next season to those three players and opens up roughly $9 million in cap space depending on how they manage Haslem and Andersen.
A new four year deal worth $80 million gets the HEAT to $51.8 million in commitments to those three players next season and could open up as much as $11 million in cap space depending on how they manage Haslem and Andersen.
The message to the Big Three is a new four deal lets you pick two or possibly three players from the free agent pool to fill in the roster. Do similar โtrade you one for twoโ deals with Haslem and Andersen to spread out whatโs owed across one more year and the HEAT are under the cap, under the tax and have the ability to add whatever they want.
But wait, that means giving Wade and Bosh a bunch of money right?
Thatโs the cost of keeping the band together.
Itโs possible you could say to Wade, give us a little bit of a break and he might do that, especially if it means bolstering the team where he doesnโt have to do as much.
But the money paid out to those guys isnโt nearly as crazy as it sounds, mainly because we have seen the salary cap increase significantly this year and with a new National TV deal on the horizon the cap could go up even more in the life of their contract giving Miami more room to add and build around those guys.
Would the last year of Wadeโs deal be ugly? Sure, but if it yields two or three more championships do you honestly believe anyone cares?
Itโs easy to say James goes looking for a new championship contender. He has done it before, which means he could do it again. He has the options in his contract and this yearโs HEAT are not nearly the unstoppable force that they were even a year ago.
The HEAT have to add fresh blood to the team, and there is a window to do exactly that this summer. As much as some want to talk about the Big Three breaking up, whatโs far more likely is that the Big Three opt-out and re-up and give Pat Riley some breathing room to add to the roster. Trading two years and $42 million for four years and $80 million doesnโt seem like a crazy compromise to help your team get under the cap to go after one or two significant free agents.
The HEAT have all kinds of options in front of them and as fun as it is to speculate that it will all come apart as quickly as it all came together, the sense of things is the HEAT have done everything they promised those guys they would do and they all would like for this to keep rolling.
He Is In, He Is Out, He Is In Again:ย If you are watching the Memphis Grizzlies from afar, they have become a head scratcher. Out of the blue majority owner Robert Pera ousted the front office and management that had turned the Grizzlies from a perennial money loser with no future beyond what was on the roster, into a profitable team with possibilities beyond the current core of guys.
Thanks for nothing I guess.
As rocky as head coach Dave Joergerโs start was to the season, he found his way mid-season and got the team into the postseason, but as the front office was packing, so too came the belief that Joerger was not Peraโs guy and that he was going to be fired and replaced by a higher profile coach.
There were media reports that Pera wanted to give the team to Chicagoโs Tom Thibodeau much like Detroit did with Stan Van Gundy. That was followed by additional reports that suggested if Pera couldnโt get Thibodeau, heโd target Jeff Van Gundy.
Oh what a league it would be if both Van Gundyโs completely ran teams. Can you see it?
Smartly, Joerger started looking at his options and landed on the Timberwolves’ radar. The Wolves were granted permission to interview Joerger for their open coaching position and it seemed like the two were headed towards an agreement.
Joerger met with Wolves president Flip Saunders, who escalated the process to ownership and it seemed a coaching deal was imminent.
However to everyoneโs surprise Joerger announced yesterday that he was not heading to Minnesota and that he and Pera had spoken on the phone and that both got to know each other a little and he is excited to remain in Memphis.
Huh?
Pera took to Twitter to defend his team and his direction. He made sure to point out that the media knew nothing about what was going on and that none of what was being reported was true. He was excited to have Joerger back, and he believes he is the right coach to lead the team.
Huh?
If you have watched all this unfold and find yourself confused, you are not alone. Former managing general partner Jason Levien who brought all of this together in Memphis, is likely as stunned as everyone else in the equation. Some where he has to be saying โI brought this all together and I am the one who is out?โ.
If the image of a power mad tech billionaire jumps into your head, that might not be far from the truth.
If you have not seen this, Chris Herrington of the Memphis Flyer did a breakdown in 2012 of who paid what in the Memphis ownership group.
Robert Pera paid $45 million for a 25.6% ownership controlling stake in the team.
Huh? $45 million?
Things in Memphis have taken an absolutely weird turn towards the uncertain, and while Pera seems to want to manage the story from Twitter, at least the team has a head coach.
Chris Wallace, who was as far on the outside of the process as you are two weeks ago, is now back running the show and the draft. Itโs completely unclear who will be running the team in the long-term, but for the time being stay tuned to Twitter, because that seems to be how news is going to come out now.
Itโs been an odd couple week for Memphis, thatโs for sure.
Up Close With Noah Vonleh:ย While the top five spots in the 2014 NBA Draft might be pre-slotted to some combination of Joel Embiid, Andrew Wiggins, Jabari Parker, Dante Exum and Julius Randle, Indiana big man Noah Vonleh is very much in the discussion. With amazing length and shooting ability Vonleh gets compared a lot to a young Chris Bosh, and while no two players are the same, Vonlehโs physical dimensions and his scoring averages coming out of college compare extremely close to Bosh and that has teams more than intrigued.
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