Reports: With Lowry in their sights, can Heat get Wade, Bosh to take cuts?
JUL 01, 2014 5:05p ET
With the future of the Big Three up in the air, the Heat are at the center of the free-agency storm this season, and it sounds like some rumbling may be brewing in Miami.
According to ESPN's sources, the Heat are taking a keen interest in point guard Kyle Lowry, and they're reportedly letting such free agents know they expect to have up to $12 million in salary cap room to spend on their services.
What -- aside from a serious upgrade at point guard -- would that mean exactly for Miami? Well, if the Heat plan to have $12 million to spend and also intend to acquiesce on reports that LeBron James is demanding a maximum contract worth about $20.7 million, it likely means that the other two members of Miami's Big Three would be willing to take pretty big pay cuts.
As ESPN reports:
(Dwyane) Wade and (Chris) Bosh were each scheduled to earn earn more than $20 million this upcoming season and a total of $40 million over the next two years. But they opted out of those contracts this past weekend, as did teammate Udonis Haslem, who was scheduled to make $4.6 million next season.
James, Wade and Bosh reportedly already have met to discuss how the future may or may not play out for them in South Beach. But while James apparently will seek the max, it's unclear what Wade and Bosh would be willing to accept. According to John Canzano of The Oregonian, it wouldn't be anywhere near $20 million:
Chris Bosh’s 5-year deal with Miami expected to start at $11 million in year 1. Dwyane Wade will sign four years, $12 million in year 1— John Canzano (@johncanzanobft) July 1, 2014
But Yahoo! Sports!/FOX Sports 1 NBA Insider Adrian Wojnarowski says no final numbers have been solidified:
Wade, Bosh still working on framework of contract figures, conversations ongoing today, sources tell Yahoo.— Adrian Wojnarowski (@WojYahooNBA) July 1, 2014