06-27-2023, 12:52 PM
https://www.miamiherald.com/sports/nba/m...59416.html
According to two sources, the Heat has been giving thought to potentially using the waive-and-stretch provision on Lowry if Miami is unable to trade him, though a firm decision on that has not been made.
In other words, if the Heat goes the waive-and-stretch route, Lowry would have a cap hit of $9.9 million each of the next three seasons instead of $29.7 million next season, which would be his cap hit otherwise.
The upshot of that: Miami’s 2023-24 salary cap commitments would shrink from $178.5 million to $158.5 million, below the $165 million tax line and the $182.5 million second apron, a threshold that carries significant restrictions, including the inability to sign buyout players who were making more than $12 million from the team that released them.
That extra flexibility could allow the Heat to re-sign guard Gabe Vincent in the days ahead without paying an enormous tax.
According to two sources, the Heat has been giving thought to potentially using the waive-and-stretch provision on Lowry if Miami is unable to trade him, though a firm decision on that has not been made.
In other words, if the Heat goes the waive-and-stretch route, Lowry would have a cap hit of $9.9 million each of the next three seasons instead of $29.7 million next season, which would be his cap hit otherwise.
The upshot of that: Miami’s 2023-24 salary cap commitments would shrink from $178.5 million to $158.5 million, below the $165 million tax line and the $182.5 million second apron, a threshold that carries significant restrictions, including the inability to sign buyout players who were making more than $12 million from the team that released them.
That extra flexibility could allow the Heat to re-sign guard Gabe Vincent in the days ahead without paying an enormous tax.
14x All-Star, 12x all-NBA, 1x MVP, 1x Finals MVP, 1 NBA Championship: Dirk Nowitzki, the man, the myth, the legend.