Miami Heat Multi-Year Salary Cap Table

A summary of financial breakdowns for the Miami Heat, including multi-year cap totals, player cap hits & free agents.

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Active Roster

Player Option
Early Termination
Non-Guaranteed
Club Option
Estimate
Pct of League Cap
Player (17) Pos Age 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30
Butler Jimmy Butler SF 35 48798677
Ext. Elig.
$48,798,677
34.7%
 		52413394
$52,413,394
33.9%
 		5
UFA / $54.3M
31.9%
 -10 -10 -10
Adebayo Bam Adebayo C 27 34848340
$34,848,340
24.8%
 		37096620
$37,096,620
24.0%
 		51033600
$51,033,600
30.0%
 		55116288
Ext. Elig.
$55,116,288
29.5%
 		59198976
$59,198,976
28.8%
 		5
UFA / $79.2M
35.0%
Herro Tyler Herro SG 25 29000000
$29,000,000
20.6%
 		31000000
Ext. Elig.
$31,000,000
20.0%
 		33000000
$33,000,000
19.4%
 		5
UFA / $48.9M
26.1%
 -10 -10
Rozier Terry Rozier PG 30 24924126
$24,924,126
17.7%
 		26643031
Ext. Elig.
$26,643,031
17.2%
 		5
UFA / $40.0M
23.5%
 -10 -10 -10
Robinson Duncan Robinson SF 30 19406000
Ext. Elig.
$19,406,000
13.8%
 		19888000
$19,888,000
12.9%
 		5
UFA / $29.8M
17.5%
 -10 -10 -10
Highsmith Haywood Highsmith F 28 5200000
$5,200,000
3.7%
 		5616000
$5,616,000
3.6%
 		5
UFA / $10.7M
6.3%
 -10 -10 -10
Ware Kel'el Ware C 20 4655040
$4,655,040
3.3%
 		4887720
$4,887,720
3.2%
 		5120400
$5,120,400
3.0%
 		7849573
Ext. Elig.
$7,849,573
4.2%
 		4
RFA / $23.5M
11.4%
 -10
Love Kevin Love C 36 3850000
$3,850,000
2.7%
 		4150000
$4,150,000
2.7%
 		5
UFA / $7.9M
4.6%
 -10 -10 -10
Jaquez Jr. Jaime Jaquez Jr. SF 23 3685800
$3,685,800
2.6%
 		3861600
$3,861,600
2.5%
 		5939141
Ext. Elig.
$5,939,141
3.5%
 		4
RFA / $17.8M
9.5%
 -10 -10
Richardson Josh Richardson SG 31 3051153
$3,051,153
2.2%
 		5
UFA / $2.4M
1.6%
 -10 -10 -10 -10
Jovic Nikola Jovic SF 21 2464200
$2,464,200
1.8%
 		4445417
Ext. Elig.
$4,445,417
2.9%
 		4
RFA / $13.3M
7.8%
 -10 -10 -10
Burks Alec Burks SG 33 2087519
$2,087,519
1.5%
 		5
UFA / $2.3M
1.5%
 -10 -10 -10 -10
Bryant Thomas Bryant C 27 2087519
$2,087,519
1.5%
 		5
UFA / $2.3M
1.5%
 -10 -10 -10 -10
Larsson Pelle Larsson SG 23 1157153
$1,157,153
0.8%
 		1955378
$1,955,378
1.3%
 		2296271
Ext. Elig.
$2,296,271
1.3%
 		4
RFA / $3.1M
1.7%
 -10 -10
Christopher Josh Christopher SG 23 0
Two-Way
 
 		4
RFA / $2.0M
1.3%
 -10 -10 -10 -10
Johnson Keshad Johnson PF 23 0
Two-Way
 
 		4
RFA / $1.9M
1.2%
 -10 -10 -10 -10
Smith Dru Smith SG 27 0
Two-Way
 
 		4
RFA / $2.0M
1.3%
 -10 -10 -10 -10

Cap Hold

Player (3) Pos Age 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30
Haslem Udonis Haslem PF 44 4
UFA / $2.1M
1.5%
 4
UFA / $2.3M
1.5%
 4
UFA / $2.5M
1.5%
 4
UFA / $2.8M
1.5%
 4
UFA / $3.1M
1.5%
 -10
Mickey Jordan Mickey PF 30 4
UFA / $2.1M
1.5%
 4
UFA / $2.3M
1.5%
 4
UFA / $2.5M
1.5%
 4
UFA / $2.8M
1.5%
 4
UFA / $3.1M
1.5%
 -10
Wade Dwyane Wade SG 43 4
UFA / $2.1M
1.5%
 4
UFA / $2.3M
1.5%
 4
UFA / $2.5M
1.5%
 4
UFA / $2.8M
1.5%
 4
UFA / $3.1M
1.5%
 -10

Summary

  CAP     2024-25 2025-26 2026-27 2027-28 2028-29 2029-30
Cap Maximum
$140,588,000
$154,647,000
$170,112,000
$187,123,000
$205,835,000
$226,419,000
Active Cap $185,215,527 $191,957,160 $97,389,412 $62,965,861 $59,198,976  
Dead Cap            
Cap Holds $6,262,557 $21,157,332 $173,359,687 $93,517,963 $51,353,798 $79,246,433
Total Cap Allocations $191,478,084 $213,114,492 $270,749,099 $156,483,824 $110,552,774 $79,246,433
Cap Space $-50,890,084 $-58,467,492 $-100,637,099 $30,639,176 $95,282,226 $147,172,567
  1st Apron                
Threshold $178,132,000 $195,946,000 $215,541,000 $237,096,000 $260,806,000 $286,887,000
Allocations $187,715,527 $195,730,029 $109,690,504 $78,367,571 $77,835,044 $0
1st Apron Space $-9,583,527 $215,971 $105,850,496 $158,728,429 $182,970,956 $286,887,000
  2nd Apron                
Threshold $188,931,000 $207,825,000 $228,608,000 $251,469,000 $276,616,000 $304,278,000
Allocations $187,715,527 $195,730,029 $109,690,504 $78,367,571 $77,835,044 $0
2nd Apron Space $1,215,473 $12,094,971 $118,917,496 $173,101,429 $198,780,956 $304,278,000
  TAX     2024-25 2025-26 2026-27 2027-28 2028-29 2029-30
Tax Threshold
Active Tax $185,215,527 $191,957,160 $97,389,412 $62,965,861 $59,198,976  
Dead Tax            
Total Tax $185,215,527 $191,957,160 $97,389,412 $62,965,861 $59,198,976  
Tax Space $-14,401,527 $-4,060,160 $109,297,588 $164,389,139 $190,891,024 $275,100,000
Est. Tax Bill $26,960,029 $4,060,159
  CASH     2024-25 2025-26 2026-27 2027-28 2028-29 2029-30
Total Cash $187,145,094 $191,957,160 $97,389,412 $62,965,861 $59,198,976  

Upcoming Deadlines

Deadline Date Player Type Value
6/29/2025 Duncan Robinson
PLAYER
2025-26 Player Option — Early Termination Option
6/29/2025 Jimmy Butler
PLAYER
2025-26 Player Option 		$52,413,394
6/29/2025 Dru Smith
RFA / QO
2025-26 Qualifying Offer 		$2,048,494
6/29/2025 Josh Christopher
RFA / QO
2025-26 Qualifying Offer — Two-Way 		$2,048,494
7/1/2025 Nikola Jovic
EXTENSION ELIGIBLE
2025-26 Extension Eligible
7/8/2025 Duncan Robinson
GUARANTEED
2025-26 Guaranteed 		$19,888,000
10/1/2025 Tyler Herro
EXTENSION ELIGIBLE
2025-26 Extension Eligible
10/20/2025 Pelle Larsson
GUARANTEED
2025-26 Guaranteed — Opening Night TBD 		$1,955,378
10/31/2025 Kel'el Ware
CLUB
2026-27 Club Option 		$5,120,400
10/31/2025 Jaime Jaquez Jr.
CLUB
2026-27 Club Option 		$5,939,141
1/10/2026 Terry Rozier
GUARANTEED
2025-26 Guaranteed 		$26,643,031
6/29/2026 Pelle Larsson
CLUB
2026-27 Club Option — non-guaranteed
6/29/2026 Nikola Jovic
RFA / QO
2026-27 Qualifying Offer 		$6,592,553
7/1/2026 Jaime Jaquez Jr.
EXTENSION ELIGIBLE
2026-27 Extension Eligible
7/2/2026 Pelle Larsson
EXTENSION ELIGIBLE
2026-27 Extension Eligible
10/19/2026 Pelle Larsson
GUARANTEED
2026-27 Guaranteed — Opening Night TBD
10/31/2026 Kel'el Ware
CLUB
2027-28 Club Option 		$7,849,573
6/29/2027 Jaime Jaquez Jr.
RFA / QO
2027-28 Qualifying Offer 		$9,021,556
7/1/2027 Kel'el Ware
EXTENSION ELIGIBLE
2027-28 Extension Eligible
7/6/2027 Bam Adebayo
EXTENSION ELIGIBLE
2027-28 Extension Eligible
6/29/2028 Bam Adebayo
PLAYER
2028-29 Player Option 		$59,198,795
6/29/2028 Kel'el Ware
RFA / QO
2028-29 Qualifying Offer 		$11,758,661

Unsigned Draft Picks

Draft Year Player Pos Age Country College
1997 Roberto Dueñas C 49 Spain
1995 George Banks PF 29 United States Texas El-Paso

Future Draft Picks

2025
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
MIA
If 1-14
OKC
If 15-30 (via LAC)

2026
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
MIA    OKC
If already settled with OKC, else OKC (via LAC)

2027
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
MIA
If 1-14 or if MIA does not convey 1st to OKC in 2025
CHA
If 1-14 or if MIA does not convey 1st to OKC in 2025

2028
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
MIA    CHA
If MIA does not convey 1st to OKC in 2025

2029
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
MIA

2030
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
MIA

2031
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
MIA

2025
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
BKN
If 38-59 (via IND)

2026
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
MIA
(via CLE)
MEM
More favorable of IND and MIA to MEM

2027
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
SAS
Least favorable of HOU, IND, MIA and OKC then others to OKC (via HOU to DET to OKC; via UTA to SAS)
MIA
Least favorable of SAS or HOU, IND, MIA and OKC then others to OKC and SAS

2028
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
DET
(via SAS to DAL)

2029
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
OKC

2030
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
OKC

2031
31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
MIA

TRANSACTIONS

Oct 19, 2024
Nassir Little, SF

Waived by Miami (MIA)

Oct 19, 2024
Zyon Pullin, PG

Waived by Miami (MIA)

Oct 19, 2024
Isaiah Stevens, PG

Waived by Miami (MIA)

Oct 19, 2024
Warren Washington, PF

Waived by Miami (MIA)

Oct 10, 2024
Warren Washington, PF

Signed a contract with Miami (MIA) - Exhibit 10

View More Transactions

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Oct 19, 2024
Nassir Little, SF

Waived by Miami (MIA)

Oct 19, 2024
Zyon Pullin, PG

Waived by Miami (MIA)

Oct 19, 2024
Isaiah Stevens, PG

Waived by Miami (MIA)

Oct 19, 2024
Warren Washington, PF

Waived by Miami (MIA)

Oct 10, 2024
Warren Washington, PF

Signed a contract with Miami (MIA) - Exhibit 10

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