Miami Heat 2025-26 Cap Table

The Miami Heat 2025-26 salary cap table, including salary cap table, including team cap space, player cap hits, incentives, & bonus info.

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Total Cap Allocations

$213,181,310 / 17th

Cap Space

$-58,534,310 / 14th

1st Apron Space

$14,948,490

2nd Apron Space

$26,827,490

2025-26 Active Roster Cap

Player Option
Early Termination
Non-Guaranteed
Club Option
Estimate
Player (13 of 15 + 0 of 3 TW) Pos Age Type Cap Hit Cap Hit Pct League Cap Base Salary Incentives Likely Incentives Unlikely Trade Bonus Proration Guaranteed
Adebayo Bam Adebayo C 28 DRK-EXT $37,096,620 23.99% $37,096,620 - - - $37,096,620
Herro Tyler Herro SG 26 RK-EXT $31,000,000 20.05% $31,000,000 - $2,500,000 - $31,000,000
Wiggins Andrew Wiggins SF 30 VET-EXT $28,223,215 18.25% $28,223,215 - - - $28,223,215
Rozier Terry Rozier PG 31 VET-EXT $26,643,031 17.23% $26,643,031 - - - $24,924,126
Robinson Duncan Robinson SF 31 FA $19,888,000 12.86% $19,888,000 - - - $9,888,000
Anderson Kyle Anderson PF 32 S&T $9,219,512 5.96% $9,219,512 - - - $9,219,512
Highsmith Haywood Highsmith F 29 FA $5,616,000 3.63% $5,616,000 - - - $5,616,000
Jovic Nikola Jovic SF 22 RK-1ST $4,445,417 2.87% $4,445,417 - - - $4,445,417
Ware Kel'el Ware C 21 RK-1ST $4,443,360 2.87% $4,443,360 - - - $4,443,360
Love Kevin Love C 37 FA $4,150,000 2.68% $4,150,000 - - - $4,150,000
Jaquez Jr. Jaime Jaquez Jr. SF 24 RK-1ST $3,861,600 2.50% $3,861,600 - - - $3,861,600
Larsson Pelle Larsson SG 24 RK-2ND $1,955,378 1.26% $1,955,378 - - - $977,689
Johnson Keshad Johnson PF 24 ROS $1,955,377 1.26% $1,955,377 - - - -

2025-26 Cap Hold Cap

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

Player (8) Pos Age Type Cap Hit Cap Hit Pct League Cap Qualifying Offer        
Mitchell Davion Mitchell PG 27 RK-1ST $19,353,231 12.51% $8,741,209 Restricted Bird
Burks Alec Burks SG 34 FA $2,296,274 1.48% - Non-Bird
Haslem Udonis Haslem PF 45 FA $2,296,271 1.48% - Bird
Mickey Jordan Mickey PF 31 $2,296,271 1.48% - Non-Bird
Wade Dwyane Wade SG 44 $2,296,271 1.48% - Early Bird
Christopher Josh Christopher SG 24 2W $2,048,494 1.32% $2,048,494 Two-Way
Smith Dru Smith SG 28 2W $2,048,494 1.32% $2,048,494 Two-Way
Stevens Isaiah Stevens PG 25 2W $2,048,494 1.32% $2,048,494 Two-Way

2025 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
Trade
Thomas Bryant trade with IND
12/15/2025 $2,087,519 $2,087,519

2025 Cap Totals

Cap Maximum Summary
Cap Maximum $154,647,000
Active Roster $178,497,510 11th
Cap Hold $34,683,800 17th
Total Allocations $213,181,310 17th
Space $-58,534,310 14th
Practical Cap Space Summary
Projected Practical Cap Space
This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries + estimated exercised and declined options + estimated retained cap holds and draft pool cap holds.
$-19,155,546 -
Maximum Possible Cap Space
This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries. All other options, cap holds, exceptions are assumed as declined, waived or renounced.
$-19,155,546 -
1st Apron Summary
1st Apron Maximum $195,946,000
Total Allocations $180,997,510 -
Space $14,948,490 -
2nd Apron Summary
2nd Apron Maximum $207,825,000
Total Allocations $180,997,510 -
Space $26,827,490 -

2025 Deadlines

Deadline Date Player Type Value
6/29/2025 Duncan Robinson
PLAYER
2025-26 Player Option — Early Termination Option
6/29/2025 Keshad Johnson
CLUB
2025-26 Club Option
$1,955,377
6/29/2025 Isaiah Stevens
RFA / QO
2025-26 Qualifying Offer — Two-Way
$2,048,494
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
10/1/2025 Andrew Wiggins
EXTENSION ELIGIBLE
2025-26 Extension Eligible
10/20/2025 Pelle Larsson
GUARANTEED
2025-26 Guaranteed — Opening Night TBD
$1,955,378
10/31/2025 Jaime Jaquez Jr.
CLUB
2026-27 Club Option
$5,939,141
10/31/2025 Kel'el Ware
CLUB
2026-27 Club Option
$4,654,920
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 Andrew Wiggins
PLAYER
2026-27 Player Option
$30,169,644
6/29/2026 Nikola Jovic
RFA / QO
2026-27 Qualifying Offer
$6,592,553
6/29/2026 Keshad Johnson
RFA / QO
2026-27 Qualifying Offer
$2,725,905
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
$7,135,992
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
$10,689,719
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 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
GSW
1-10
MIA
11-30
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
GSW
If 38-59 (via IND to BKN)

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
MIA right to swap with IND
IND
MIA right to swap with IND

TRANSACTIONS

Feb 06, 2025
Davion Mitchell, PG

Traded to Miami (MIA) from Toronto (TOR) as part of a 5-team trade: Detroit (DET) traded Kenyon Martin Jr. and 2028 2nd round pick to Utah (UTA); Golden State (GSW) traded Dennis Schröder, Lindy Waters III and 2031 2nd round pick to Detroit (DET); Golden State (GSW) traded Andrew Wiggins, Kyle Anderson and 2025 1st round pick to Miami (MIA); Miami (MIA) traded Jimmy Butler to Golden State (GSW); Miami (MIA) traded 2026 2nd round pick and cash, 0 to Toronto (TOR); Miami (MIA) traded Josh Richardson, 2031 2nd round pick and cash, 0 to Utah (UTA); Utah (UTA) traded P.J. Tucker to Toronto (TOR)

Feb 06, 2025
Andrew Wiggins, SF

Traded to Miami (MIA) from Golden State (GSW) as part of a 5-team trade: Detroit (DET) traded Kenyon Martin Jr. and 2028 2nd round pick to Utah (UTA); Golden State (GSW) traded Dennis Schröder, Lindy Waters III and 2031 2nd round pick to Detroit (DET); Golden State (GSW) traded Kyle Anderson and 2025 1st round pick to Miami (MIA); Miami (MIA) traded Jimmy Butler to Golden State (GSW); Miami (MIA) traded 2026 2nd round pick and cash, 0 to Toronto (TOR); Miami (MIA) traded Josh Richardson, 2031 2nd round pick and cash, 0 to Utah (UTA); Toronto (TOR) traded Davion Mitchell to Miami (MIA); Utah (UTA) traded P.J. Tucker to Toronto (TOR)

Feb 05, 2025
P.J. Tucker, PF

Traded to Toronto (TOR) from Utah (UTA) as part of a 5-team trade: Detroit (DET) traded Kenyon Martin Jr. and 2028 2nd round pick to Utah (UTA); Golden State (GSW) traded Dennis Schröder, Lindy Waters III and 2031 2nd round pick to Detroit (DET); Golden State (GSW) traded Andrew Wiggins, Kyle Anderson and 2025 1st round pick to Miami (MIA); Miami (MIA) traded Jimmy Butler to Golden State (GSW); Miami (MIA) traded 2026 2nd round pick and cash, 0 to Toronto (TOR); Miami (MIA) traded Josh Richardson, 2031 2nd round pick and cash, 0 to Utah (UTA); Toronto (TOR) traded Davion Mitchell to Miami (MIA)

Feb 05, 2025
Kyle Anderson, PF

Traded to Miami (MIA) from Golden State (GSW) as part of a 5-team trade: Detroit (DET) traded Kenyon Martin Jr. and 2028 2nd round pick to Utah (UTA); Golden State (GSW) traded Dennis Schröder, Lindy Waters III and 2031 2nd round pick to Detroit (DET); Golden State (GSW) traded Andrew Wiggins and 2025 1st round pick to Miami (MIA); Miami (MIA) traded Jimmy Butler to Golden State (GSW); Miami (MIA) traded 2026 2nd round pick and cash, 0 to Toronto (TOR); Miami (MIA) traded Josh Richardson, 2031 2nd round pick and cash, 0 to Utah (UTA); Toronto (TOR) traded Davion Mitchell to Miami (MIA); Utah (UTA) traded P.J. Tucker to Toronto (TOR)

Jan 27, 2025
Jimmy Butler, SF

Suspended 5 games (minimum) by Miami (MIA) for a continued pattern of disregard of team rules, engaging in conduct detrimental to the team and intentionally withholding services; forfeits at least $2,663,685

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