Miami Heat 2023-24 Financial Summary

A current summary of Miami Heat 2023-24 player cap & cash figures.

Filtering & Sorting...
Total Cap

$180,754,950 / 11th

Cap Space

$-44,733,950 / 20th

Tax Space

$-9,429,698

Cash Total

$178,639,488 / 7th

2023-24 Active Roster

Player Option
Early Termination
Non-Guaranteed
Club Option
Estimate
  Player (18) Pos Age Cap Hit Cap Hit Pct League Cap Apron Salary Luxury Tax Cash Total Cash Guaranteed Free Agent Year
1
 Butler Jimmy Butler SF 34 $45,183,960 33.22% $45,183,960 $45,028,153 $45,183,960 $45,183,960
2
 Adebayo Bam Adebayo C 26 $32,600,060 23.97% $32,600,060 $32,600,060 $32,600,060 $32,600,060
3
 Herro Tyler Herro SG 24 $27,000,000 19.85% $29,500,000 $27,000,000 $27,000,000 $27,000,000 2027
4
 Rozier Terry Rozier PG 29 $23,205,221 17.06% $23,205,221 $23,205,221 $11,069,157 $23,205,221 2026
5
 Robinson Duncan Robinson SF 29 $18,154,000 13.35% $18,154,000 $18,154,000 $18,154,000 $18,154,000 2026
6
 Martin Caleb Martin SF 28 $6,802,950 5.00% $6,802,950 $6,802,950 $6,802,950 $6,802,950 2024
7
 Love Kevin Love C 35 $3,835,738 2.82% $3,835,738 $3,835,738 $3,835,738 $3,835,738 2024
8
 Jaquez Jr. Jaime Jaquez Jr. SF 22 $3,510,600 2.58% $3,510,600 $3,510,600 $3,510,600 $3,510,600 2027
9
 Richardson Josh Richardson SG 30 $2,891,467 2.13% $2,891,467 $2,891,467 $2,891,467 $2,891,467 2025
10
 Bryant Thomas Bryant C 26 $2,528,233 1.86% $2,528,233 $2,502,079 $2,528,233 $2,528,233 2024
11
 Jovic Nikola Jovic SF 20 $2,352,000 1.73% $2,352,000 $2,343,890 $2,352,000 $2,352,000 2026
12
 Highsmith Haywood Highsmith F 27 $1,902,137 1.40% $1,902,137 $1,902,137 $1,902,137 $1,902,137 2024
13
 Robinson Orlando Robinson C 23 $1,801,769 1.32% $1,801,769 $2,019,706 $1,801,769 $1,801,769 2025
14
 Wright Delon Wright PG 31 $661,628 0.49% $661,628 $661,628 $947,205 $947,205 2024
15
 Mills Patty Mills PG 35 $464,300 0.34% $464,300 $464,300 $734,816 $734,816 2024
16
 Swider Cole Swider F 24 Two-Way - - - - - 2024
17
 Williams Alondes Williams G 24 Two-Way - - - - - 2024
18
 Cain Jamal Cain SF 24 Two-Way - - - - - 2024

2023-24 Dead Money

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

  Player (1) Pos Age Cap Hit Cap Hit Pct League Cap Apron Salary Luxury Tax Cash Total Cash Guaranteed
1
 Smith Dru Smith SG 26 $1,801,769 1.32% $1,801,769 $1,801,769 $1,801,769 -

2023-24 Cap Hold

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

  Player (3) Pos Age Cap Hit Cap Hit Pct League Cap          
1
 Haslem Udonis Haslem PF 43 $2,019,706 1.48% Bird
2
 Wade Dwyane Wade SG 42 $2,019,706 1.48% Early Bird
3
 Mickey Jordan Mickey PF 29 $2,019,706 1.48% Non-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
Thomas Bryant trade with IND
 12/15/2025 $2,087,519 $2,087,519

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 Tax Totals

Tax Summary
Tax Threshold $165,294,000
Total Allocations $174,723,698 7th
Space $-9,429,698 24th
Ext. Luxury Tax Bill $15,251,970 -

2023 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

2023 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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RECENT NEWS

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Next Contract Series: 2025 Restricted Free Agency

Taking a look at the recent history of Restricted Free Agents and projecting the next contract for ten RFAs going into the 2025 offseason.

THE SPOTRAC PODCAST

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The MLB Offseason Recap

Mike Ginnitti & Dan Soemann project the Most Impactful Free Agent contracts, the top extensions, a notable trade, and of course - the Dodgers as they recap the MLB offseason that was. Plus, World Series sleepers, divisions with value, and names to follow for the upcoming season. Presented by Bettor Edge

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

View More Transactions

TRENDING PLAYERS

  • 1 Damian Lillard (PG, MIL)
  • 2 Giannis Antetokounmpo (PF, MIL)
  • 3 Kevin Durant (SF, PHX)
  • 4 Jimmy Butler (SF, GSW)
  • 5 LeBron James (PF, LAL)
  • 6 Andrew Wiggins (SF, MIA)
  • 7 Naji Marshall (SF, DAL)
  • 8 Dante Exum (PG, DAL)
  • 9 Stephen Curry (PG, GSW)
  • 10 Bam Adebayo (C, MIA)
  • 11 Tyler Herro (SG, MIA)
  • 12 Shai Gilgeous-Alexander (PG, OKC)
  • 13 Bradley Beal (SG, PHX)
  • 14 Jrue Holiday (PG, BOS)
  • 15 Jayson Tatum (PF, BOS)

TRENDING PAGES

  • 1 NBA Trade Machine
  • 2 NBA Free Agents
  • 3 NBA Contracts
  • 4 NBA Cap Tracker
  • 5 NBA Transactions
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