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Heat trying for LeBron-Wade-Bosh coup (UPDATE)

Posted on: July 7, 2010 10:47 am
Edited on: July 7, 2010 1:17 pm
 
With the first part of their free agency plan is in place -- bringing Dwyane Wade back with Chris Bosh in tow -- the Miami Heat are ready to proceed with part two: adding LeBron James to the mix in a coup that would send shockwaves through the NBA.

Bosh announced Wednesday he's headed to Miami to pair with Wade, a scenario reported by CBSSports.com early Wednesday as the most likely one and pushed to definitive by ESPN's Chris Broussard hours later. Meanwhile, Heat executives are proceeding with the full-court press to add James to the mix and form a Dream Team in South Beach, according to an official familiar with the plans.

"The next step is to go get the big fish," the person said.

Wade and Bosh announced their decision to play together in a live interview on ESPN at 12:30 p.m. ET. But a person with knowledge of their plans said Wade, in particular, is aggravated that the news leaked out sooner -- and that the superstar believes it came from someone in LeBron's camp. Wade and Bosh wanted to have their moment before James makes his own announcement -- the nature of which remains unknown -- in a live, one-hour special Thursday at 9 p.m. ET on the network that shares the NBA broadcast rights.

The Raptors finally were informed around mid-day Wednesday of Bosh's intentions by his Chicago-based agent, Henry Thomas, who also represents Wade. Thomas did not respond to requests for comment from CBSSports.com. But the Raptors, aware that Bosh has been a goner for a while, have entered sign-and-trade talks with the Heat in order to facilitate their All-Star power forward's departure without losing him and getting nothing in return.

Communication between Bosh's representative and the Raptors -- and, according to sources, other teams in pursuit of his two marquee clients -- has been spotty at best in recent days, leaving Bosh's own team and others pursuing Bosh and Wade in the dark as to their intentions until moments before they announced it on TV. But early Wednesday, an executive within the NBA with close ties to the top three free agents told CBSSports.com that the most likely scenario was Bosh joining Wade in Miami and James staying in Cleveland. Bosh essentially killed a potential alliance with James by balking at the Cavaliers' attempts to acquire him in a sign-and-trade.

Of LeBron and Wade, the executive said Wednesday, "Both aren't moving." But sources say that hasn't stopped Heat president Pat Riley from pursuing James in a move that would shift the NBA's balance of power for years.

The piece of the puzzle that's missing is whether Bosh goes to Miami via a sign-and-trade arrangement or a straight free-agent signing. The difference for him is only about $30 million. If Bosh is signed by the Raptors and traded to Miami, he would receive a six-year deal worth approximately $125 million -- the same as Wade would receive by signing a free-agent deal with his existing team. But Bosh needs the cooperation of the Raptors to maximize his contract.

Wade said in the TV announcement that he's "not opposed" to taking less money to give the Heat the space to put the right pieces around him. But assuming a max deal for Wade, which would start at $16.57 million in 2010-11, the Heat would have $29.4 million in cap space left -- not enough to sign two more max free agents at the same price. They'd have to trade former No. 2 pick Michael Beasley -- either in a sign-and-trade for Bosh or a separate trade to a team with the cap space to absorb his $4.9 million contract without being required to send salary back to the Heat.

A logical sign-and-trade scenario for Bosh would include some combination of Beasley, point guard Mario Chalmers, and a 2011 first-round pick that was previously acquired by Miami from Toronto. The Raptors would have the option of taking back as little salary as possible and instead receiving a trade exception that could be used to acquire a top-tier replacement for Bosh at a later date -- likely at the February trade deadline, when numerous teams are expected to be eager to dump contracts ahead of the new collective bargaining agreement and potential work stoppage after next season. A person familiar with the Raptors' strategy told CBSSports.com Wednesday that Beasley is not a likely target in those trade talks.

















Comments

Since: Mar 10, 2009
Posted on: July 9, 2010 4:08 am
 

Heat trying for LeBron-Wade-Bosh coup (UPDATE)

So how much cap space does Miami have left to sign players to minimum deals now that they have traded Beasley?



Since: Nov 20, 2006
Posted on: July 8, 2010 3:54 pm
 

Heat trying for LeBron-Wade-Bosh coup (UPDATE)

Does'nt this guy Mean WADE LED trio....MIAMI is wade's team...leBron is coming intoto become Pippen...LeBron is the allaround dirty work guy ...Wade is the competative assassain that seals the deal with the game on the line....ala M.J.



Since: Oct 23, 2007
Posted on: July 8, 2010 10:53 am
 

Heat trying for LeBron-Wade-Bosh coup (UPDATE)

The thing I enjoy reading is where everyone sayd if the Heat sign all three players, then they have no money left to fill out their roster... What people need to remember is that the salary cap in the NBA is a soft cap, or in this case it should be made of jello.

If the Heat are able to sign Dwayne Wade, Chris Bosh and LeBron James they will be a force to be reconded with. That would still leave the team with a couple million dollars left to fill another spot, then you start dropping in the exceptions like the mid-level exception of around 5.8 million that can be used to sign one or more players to come in...  like a Shaq to help groom the first round Miami draft pick this year and help defensively off the bench, or possibly other good solid team players. Then you get the minimum salary exception where you can bring in veteran players who have been solid enough to play in the NBA for several years and pay each of them about 1.4 million dollars. Kee in mind all of this money is above and beyond the salary cap everyone talks about... So the cap is suppose to be about 58 million dollars, and that would cover the Big 3, and then you have all the exceptions added in. The Heat would not be in any penalties unless they went over 70.3 million, and then they could still go higher than that as long as they are willing to pay a $1 penalty for every $1 they go over the 70.3 million.

The Magic last year for example had a pay roll over 82 million dollars and it did not feature a trio like James, Wade and Bosh...

I am just explaining how the cap out there works so that everyone will quit saying it can't be done, or that the Heat will not be able to fill a team around these guys.

No, I am not a Heat fan, I am a Pacers fan.... and all the salary cap help in the world couldn't fix our team.




Since: Mar 21, 2009
Posted on: July 8, 2010 10:32 am
 

Heat trying for LeBron-Wade-Bosh coup (UPDATE)

If james goes to miami and he announces it publically like he is supposed to do  ( i wont watch)  what an insult to Cleveland and what a rude disrespectful way to leave



Since: Mar 21, 2009
Posted on: July 8, 2010 10:30 am
 

Heat trying for LeBron-Wade-Bosh coup (UPDATE)

one, why would you be a miami hater, they have been so pathetic since the phatom fouls championship series.

I hope they land him.  Be interesting to see if all the egos can fit on the floor and tell watch James as he thinks it all should be about him, not wade or bosh



Since: May 1, 2008
Posted on: July 8, 2010 9:06 am
 

Heat trying for LeBron-Wade-Bosh coup (UPDATE)

Thanks for the update you fair weathered D-bag.....Cowboys, lakers and Yanks???  Yeah you are obviously a real fan of sports.
And great generalization.......yes, all us New Yorkers think everybody wants to play here, you nailed it.




Since: Jul 8, 2010
Posted on: July 8, 2010 9:01 am
 

Heat trying for LeBron-Wade-Bosh coup (UPDATE)

WHY DOES EVERYONE SAY JORDAN DID IT ON HIS OWN? SURE HE IS THE GREATEST BUT HE HAD A HELL OF A SUPPORTING CAST... PIPPEN, KERR, PAXON... OH YEA HAD PHIL JACKSON... JEEZ WHY WOULD YOU BLAME LEBRON FOR GOING TO MIAMI.... PERSONALLY I REALLY HOPE HE STAYS IN CLEVELAND AND WINS THEM SOME RINGS... BUT HEY YOU CANT BLAME HIM IF HE GOES TO MIAMI....



Since: Aug 22, 2006
Posted on: July 8, 2010 6:57 am
 

Heat trying for LeBron-Wade-Bosh coup (UPDATE)

i don't buy it, for a pat riley hair gel second!  no way he goes there.  ego is a very powerful thing.  this kid's ego is big enough to hold a 1 hour special, but he'll be ok with sharing the heat with wade?  Bull sh*t.  Chris Broussard tries to hard.  he's changed his tune 20 times already. 

knicks or stays at cleveland.




Since: Oct 6, 2006
Posted on: July 8, 2010 6:53 am
 

Heat trying for LeBron-Wade-Bosh coup (UPDATE)

They need to trade Beasley as part of the sign and trade to Toronto plus some draft picks.  That leaves them 1.8 million left of cap space.  You sign 1 player for 1.8 million, sign one player for the mid level exception of 5.8 million (Shaq would be a good pick here because they don't have a center), then they sign 6 players to the league minimum.  You can go over the cap to sign the league minimum.  My problem with this is the last week was a shell game and they planned to do this all along.  In the process they managed to piss off two of the three largest markets in this country to go to a team that cannot sell out.



_admin
Since: Aug 2, 2006
Posted on: July 8, 2010 4:54 am
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