Miami Heat 2024-25 Cap Table

The Miami Heat 2024-25 salary cap table, including salary cap table, including team cap space, player cap hits, incentives, & bonus info.

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Total Cap Allocations

$191,478,084 / 9th

Cap Space

$-50,890,084 / 22nd

1st Apron Space

$-9,583,527

2nd Apron Sapce

$1,215,473

2024-25 Active Roster Cap

Player Option
Early Termination
Non-Guaranteed
Club Option
Estimate
Player (17) Pos Age Type Cap Hit Cap Hit Pct League Cap Base Salary Incentives Likely Incentives Unlikely Trade Bonus Proration Guaranteed
Butler Jimmy Butler SF 35 Maximum Veteran Extension $48,798,677 34.71% $48,798,677 - - - $48,798,677
Adebayo Bam Adebayo C 27 DRK-EXT $34,848,340 24.79% $34,848,340 - - - $34,848,340
Herro Tyler Herro SG 25 RK-EXT $29,000,000 20.63% $29,000,000 - $2,500,000 - $29,000,000
Rozier Terry Rozier PG 30 VET-EXT $24,924,126 17.73% $24,924,126 - - - $24,924,126
Robinson Duncan Robinson SF 30 FA $19,406,000 13.80% $19,406,000 - - - $19,406,000
Highsmith Haywood Highsmith F 28 FA $5,200,000 3.70% $5,200,000 - - - $5,200,000
Ware Kel'el Ware C 20 RK-1ST $4,655,040 3.31% $4,655,040 - - - $4,655,040
Love Kevin Love C 36 FA $3,850,000 2.74% $3,850,000 - - - $3,850,000
Jaquez Jr. Jaime Jaquez Jr. SF 23 RK-1ST $3,685,800 2.62% $3,685,800 - - - $3,685,800
Richardson Josh Richardson SG 31 FA $3,051,153 2.17% $3,051,153 - - - $3,051,153
Jovic Nikola Jovic SF 21 RK-1ST $2,464,200 1.75% $2,464,200 - - - $2,464,200
Burks Alec Burks SG 33 FA $2,087,519 1.48% $3,303,771 - - - $3,303,771
Bryant Thomas Bryant C 27 FA $2,087,519 1.48% $2,800,834 - - - $2,800,834
Larsson Pelle Larsson SG 23 RK-2ND $1,157,153 0.82% $1,157,153 - - - $1,157,153
Christopher Josh Christopher SG 23 2W Two-Way - - - - - -
Johnson Keshad Johnson PF 23 2W Two-Way - - - - - -
Smith Dru Smith SG 27 2W Two-Way - - - - - -

2024-25 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 44 FA $2,087,519 1.48% - Bird
Mickey Jordan Mickey PF 30 $2,087,519 1.48% - Non-Bird
Wade Dwyane Wade SG 43 $2,087,519 1.48% - Early Bird
Round 2, Pick #43         -            

2024 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 $5,168,000 $5,168,000
Trade
Kyle Lowry trade with CHA
1/23/2025 $6,477,319 $6,477,319

2024 Cap Totals

Cap Maximum Summary
Cap Maximum $140,588,000
Active Roster $185,215,527 7th
Cap Hold $6,262,557 14th
Total Allocations $191,478,084 9th
Space $-50,890,084 22nd
1st Apron Summary
1st Apron Maximum $178,132,000
Total Allocations $187,715,527 -
Space $-9,583,527 -
2nd Apron Summary
2nd Apron Maximum $188,931,000
Total Allocations $187,715,527 -
Space $1,215,473 -

2024 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

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