Updated Miami Heat 2023 Salary Cap Table: A Comprehensive Breakdown
Team's Cap Space, Dead Cap, and Player Cap Hits
Updated as of [Today's Date]
The Miami Heat have undergone significant roster changes in recent years, and their salary cap situation has evolved alongside those changes. To provide Heat fans and NBA enthusiasts with the most up-to-date information, here is a comprehensive analysis of the team's salary cap table for the 2023 season.
Team Salary Cap Space
As of [Today's Date], the Miami Heat have approximately $136,021,000 in salary cap space. This figure represents the amount of money the team has available to sign new players or re-sign existing ones.
Dead Cap Figures
The Heat also have a significant amount of dead cap space, which refers to money owed to players who are no longer on the roster. This includes approximately $26,916,880 in dead cap space for Meyers Leonard, who was traded to the Denver Nuggets in 2023.
Player Cap Hits
Here is a breakdown of the cap hits for each Heat player on the roster for the 2023 season:
- Jimmy Butler: $36,450,000
- Bam Adebayo: $30,127,615
- Kyle Lowery: $28,311,531
- Tyler Herro: $16,500,000
- Victor Oladipo: $11,988,967
- Udonis Haslem: $2,919,989
- Caleb Martin: $2,589,774
Salary Cap History and Largest Guarantees
The Heat have a long history of managing their salary cap effectively, and their current cap table allows them to remain competitive in the Eastern Conference. The following table provides a glimpse into their salary cap history and largest contract guarantees:
| Season | Salary Cap | Largest Guarantee |
|---|---|---|
| 2023-24 | $136,021,000 | Jimmy Butler ($36,450,000) |
| 2022-23 | $123,736,000 | Jimmy Butler ($34,200,000) |
| 2021-22 | $113,482,000 | Jimmy Butler ($33,035,777) |
The Miami Heat's salary cap table is a valuable tool for understanding the team's financial situation and its impact on roster decisions. As the season progresses and the team's roster evolves, we will continue to provide updates on the salary cap table and its implications for the Heat.
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