Miami Heat 2023-24 Cap Table

The Miami Heat 2023-24 salary cap table, including salary cap table, including team cap space, player cap hits, incentives, & bonus info.

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Total Cap Allocations

$180,754,950 / 11th

Cap Space

$-44,733,950 / 20th

1st Apron Space

$-4,849,832

2nd Apron Sapce

$5,598,168

2023-24 Active Roster Cap

Player Option
Early Termination
Non-Guaranteed
Club Option
Estimate
Player (18) Pos Age Type Cap Hit Cap Hit Pct League Cap Base Salary Incentives Likely Incentives Unlikely Trade Bonus Proration Guaranteed
Butler Jimmy Butler SF 34 Maximum Veteran Extension $45,183,960 33.22% $45,183,960 - - - $45,183,960
Adebayo Bam Adebayo C 26 DRK-EXT $32,600,060 23.97% $32,600,060 - - - $32,600,060
Herro Tyler Herro SG 24 RK-EXT $27,000,000 19.85% $27,000,000 - $2,500,000 - $27,000,000
Rozier Terry Rozier PG 29 VET-EXT $23,205,221 17.06% $23,205,221 - - - $23,205,221
Robinson Duncan Robinson SF 29 FA $18,154,000 13.35% $18,154,000 - - - $18,154,000
Martin Caleb Martin SF 28 FA $6,802,950 5.00% $6,802,950 - - - $6,802,950
Love Kevin Love C 35 FA $3,835,738 2.82% $3,835,738 - - - $3,835,738
Jaquez Jr. Jaime Jaquez Jr. SF 22 RK-1ST $3,510,600 2.58% $3,510,600 - - - $3,510,600
Richardson Josh Richardson SG 30 FA $2,891,467 2.13% $2,891,467 - - - $2,891,467
Bryant Thomas Bryant C 26 FA $2,528,233 1.86% $2,528,233 - - - $2,528,233
Jovic Nikola Jovic SF 20 RK-1ST $2,352,000 1.73% $2,352,000 - - - $2,352,000
Highsmith Haywood Highsmith F 27 ROS $1,902,137 1.40% $1,902,137 - - - $1,902,137
Robinson Orlando Robinson C 23 FA $1,801,769 1.32% $1,801,769 - - - $1,801,769
Wright Delon Wright PG 31 ROS $661,628 0.49% $947,205 - - - $947,205
Mills Patty Mills PG 35 ROS $464,300 0.34% $734,816 - - - $734,816
Cain Jamal Cain SF 24 2W Two-Way - - - - - -
Swider Cole Swider F 24 2W Two-Way - - - - - -
Williams Alondes Williams G 24 2W Two-Way - - - - - -

2023-24 Dead Money Cap

Cap breakdowns for players who have been traded or released. All count against the team's cap.

Player (1) Pos Cap Hit Cap Hit Pct League Cap
Smith Dru Smith SG $1,801,769 1.32%

2023-24 Cap Hold Cap

Cap holds represent "placeholders" for pending free agents, unsigned draft picks, offer sheets, etc.

Player (3) Pos Age Type Cap Hit Cap Hit Pct League Cap Qualifying Offer        
Haslem Udonis Haslem PF 43 FA $2,019,706 1.48% - Bird
Mickey Jordan Mickey PF 29 $2,019,706 1.48% - Non-Bird
Wade Dwyane Wade SG 42 $2,019,706 1.48% - Early Bird

2023 Exceptions

Exceptions are essentially "grants" offering teams an additional way to sign players. Exceptions can be split up for multiple player signings, however only one of these exceptions may be used in a season and they cannot be combined.

Type Reason Used On Expires Original Available
Taxpayer Mid-Level
End-of-Season $5,000,000 $5,000,000
Trade
Kyle Lowry trade with CHA
1/23/2025 $6,477,319 $6,477,319

2023 Cap Totals

Cap Maximum Summary
Cap Maximum $136,021,000
Active Roster $172,894,063 7th
Dead Money $1,801,769 21st
Cap Hold $6,059,118 13th
Total Allocations $180,754,950 11th
Space $-44,733,950 20th
1st Apron Summary
1st Apron Maximum $172,346,000
Total Allocations $177,195,832 -
Space $-4,849,832 -
2nd Apron Summary
2nd Apron Maximum $182,794,000
Total Allocations $177,195,832 -
Space $5,598,168 -

2023 Deadlines

Deadline Date Player Type Value
10/31/2024 Nikola Jovic
CLUB
2025-26 Club Option — exercised 9/5/24
$4,445,417
10/31/2024 Jaime Jaquez Jr.
CLUB
2025-26 Club Option — exercised 9/5/24
$3,861,600
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 Zyon Pullin
RFA / QO
2025-26 Qualifying Offer
$2,248,494
6/29/2025 Josh Christopher
RFA / QO
2025-26 Qualifying Offer — Two-Way
$2,048,494
6/29/2025 Isaiah Stevens
RFA / QO
2025-26 Qualifying Offer
$2,248,494
6/29/2025 Duncan Robinson
PLAYER
2025-26 Player Option — Early Termination Option
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 Kel'el Ware
RFA / QO
2028-29 Qualifying Offer
$11,758,661
6/29/2028 Bam Adebayo
PLAYER
2028-29 Player Option
$59,198,795

Unsigned Draft Picks

Draft Year Player Pos Age Country College
1997 Roberto Dueñas C 48 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

Sep 12, 2024
Bryson Warren, G

Waived by Miami (MIA)

Sep 12, 2024
Malik Williams, C

Waived by Miami (MIA)

Sep 11, 2024
Bryson Warren, G

Signed a contract with Miami (MIA) - Exhibit 10

Sep 11, 2024
Malik Williams, C

Signed a contract with Miami (MIA) - Exhibit 10

Sep 05, 2024
Nikola Jovic, SF

Miami (MIA) exercised $4.45 million option for 2025-26

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