Miami Heat looking to avoid luxury tax bill
Trading Chris Quinn last week and acquiring free agent point guard
Rafer Alston almost certainly won’t be the only moves the Heat makes
before the February trading deadline.
With the point-guard position bolstered with veteran depth, the next
task on team president Pat Riley’s itinerary is to reduce Miami’s $2.5
million luxury-tax bill.
The likely scenario would involve Miami trading a low-salaried player to a team below the salary cap that could absorb the deal without sending a player back.
Teams that finish the season having operated below the league’s $71.2 million luxury-tax threshold would be in line to receive an estimated $4.4 million rebate from a tax fund.
“When you stop and think about exactly what that means, it’s a $7 million swing,” Riley said during the Heat’s stop in Los Angeles to face the Clippers. “So that’s nothing to sneeze at. If you have the ability to move in that direction, then you have to do it.”
From a numbers standpoint, one potential move could involve swingman Dorell Wright, whose $2.9 million salary would essentially wipe out Miami’s tax.
With James Jones difficult to move because of the three years remaining on a contract that has a significant guarantee, the Heat also has other low-salaried players at the end of its bench who could be moved. Among that group are Daequan Cook, Carlos Arroyo and Jamaal Magloire.