Re: Heat Considering Waive-And-Stretch On Kyle Lowry If No Trade Materializes

Post #1 » by **RealGM Wiretap** » Tue Jun 27, 2023 3:04 pm

The Miami Heat are considering using the waive-and-stretch provision on Kyle Lowry if they are unable to trade him, sources tell Barry Jackson of the Miami Herald.

Lowry is due $29.7 million next season in the final year of his three-year, $85 million deal signed with the Heat in 2021.

If the Heat use the provision on Lowry, he would count against their cap at $9.9 million each of the next three seasons. Miami’s 2023-24 salary cap commitments would shrink from $178.5 million to $158.5 million, below the $165 million tax line and the $182.5 million second apron.

The waive-and-stretch provision must be used before Sept. 1.

The Heat have hoped to use Lowry in a trade for Damian Lillard.

Via Barry Jackson/Miami Herald

JustLucky · Post #2 » by **JustLucky** » Tue Jun 27, 2023 6:26 pm

seems silly hes still a good bench piece for 1 year. why not just suck it up instead of making it a 3 year problem?

Your gonna turn a player that prop still has a 10 million value (so your only losing 20 mil on the contract lets say) into a 3 year problem that will mess up your cap every season for 3 years? im not buying this reporrt. Hes also expiring so could be traded at the deadline pretty easily

deeps6x · Post #3 » by **deeps6x** » Tue Jun 27, 2023 7:09 pm

Ohhh, please go back to Toronto if they do that Kyle. Get them to commit to doing it before free agency starts and the Raptors do something dumb like giving FVV $30M/yr.

MegaK · Post #4 » by **MegaK** » Tue Jun 27, 2023 7:58 pm

Yo everyone know he going to Knick bro!

docholliday99 · Post #5 » by **docholliday99** » Wed Jun 28, 2023 2:53 am

JustLucky wrote:seems silly hes still a good bench piece for 1 year. why not just suck it up instead of making it a 3 year problem?

Your gonna turn a player that prop still has a 10 million value (so your only losing 20 mil on the contract lets say) into a 3 year problem that will mess up your cap every season for 3 years? im not buying this reporrt. Hes also expiring so could be traded at the deadline pretty easily

Lowry is a shell of himself as he's rapidly declined. Trading Lowry in the offseason is meant to bring 30+ salary back from a star player and the Heat would be paying that luxury tax happily - and only if it's for Dame. If there's no trade, then better to waive him and get under the threshold and save their money - no sense flipping at the deadline and stay committed to paying the luxury tax, which they've avoided since Lebron was there. The roster wouldn't be worth it.

DoItALL9 · Post #6 » by **DoItALL9** » Wed Jun 28, 2023 4:27 am

Kyle Lowry for Andre Drummond and Lonzo Ball

JustLucky · Post #7 » by **JustLucky** » Wed Jun 28, 2023 7:25 am

docholliday99 wrote:
JustLucky wrote:seems silly hes still a good bench piece for 1 year. why not just suck it up instead of making it a 3 year problem?

Your gonna turn a player that prop still has a 10 million value (so your only losing 20 mil on the contract lets say) into a 3 year problem that will mess up your cap every season for 3 years? im not buying this reporrt. Hes also expiring so could be traded at the deadline pretty easily

Lowry is a shell of himself as he's rapidly declined. Trading Lowry in the offseason is meant to bring 30+ salary back from a star player and the Heat would be paying that luxury tax happily - and only if it's for Dame. If there's no trade, then better to waive him and get under the threshold and save their money - no sense flipping at the deadline and stay committed to paying the luxury tax, which they've avoided since Lebron was there. The roster wouldn't be worth it.

I dont think you understand how the salary cap works. is it better to be in the luxury tax for 1 season or 3 seasons? Because if they stretch kyle to use his salary elsewhere they are going to be payers in all 3 seasons not just this season. that extra 11 mil a year is alot better to pay the fine 1 year then 3. also Kyles still worth 1/3rd his salary so they are actually losing value this season by paying him 11 million to stay home. and this is butlers last prime year (hes already on the decline as well)

Unless they plan to rebuild in one year streching makes no sense. they will need that 11 mil to compete in 2025 (or the 30mil player they get for lowry). without it they are not a contender. They dont have the talent to have 11-13 million of dead salary

docholliday99 · Post #8 » by **docholliday99** » Wed Jun 28, 2023 1:53 pm

JustLucky wrote:
docholliday99 wrote:
JustLucky wrote:seems silly hes still a good bench piece for 1 year. why not just suck it up instead of making it a 3 year problem?

Your gonna turn a player that prop still has a 10 million value (so your only losing 20 mil on the contract lets say) into a 3 year problem that will mess up your cap every season for 3 years? im not buying this reporrt. Hes also expiring so could be traded at the deadline pretty easily

Lowry is a shell of himself as he's rapidly declined. Trading Lowry in the offseason is meant to bring 30+ salary back from a star player and the Heat would be paying that luxury tax happily - and only if it's for Dame. If there's no trade, then better to waive him and get under the threshold and save their money - no sense flipping at the deadline and stay committed to paying the luxury tax, which they've avoided since Lebron was there. The roster wouldn't be worth it.

I dont think you understand how the salary cap works. is it better to be in the luxury tax for 1 season or 3 seasons? Because if they stretch kyle to use his salary elsewhere they are going to be payers in all 3 seasons not just this season. that extra 11 mil a year is alot better to pay the fine 1 year then 3. also Kyles still worth 1/3rd his salary so they are actually losing value this season by paying him 11 million to stay home. and this is butlers last prime year (hes already on the decline as well)

Unless they plan to rebuild in one year streching makes no sense. they will need that 11 mil to compete in 2025 (or the 30mil player they get for lowry). without it they are not a contender. They dont have the talent to have 11-13 million of dead salary

I'm no expert on the finer nuances of the cap but I do actually understand it well, however, I don't think you fully understand the bigger picture or appreciate the new CBA and how punitive it will be. You're correct that they don't have the talent as constructed, which means the Heat should reduce their tax bill as much as possible however that's really not what the Heat are avoiding, it's about the supertax. The Heat have 173m committed to only 9 players, the threshold is 165, the 2nd apron is 182.5 and they want to retain Vincent, Strus and possibly Love. That would be 12 players under contract and now the Heat will be pushing 190-200m. Even if the Heat hit 200m, waiving and stretching Lowry will put the Heat at 180m, add a vet min or a cheap contract and the Heat are back to the minimum roster at 12, have the players they want (minus Lowry) AND stay below the supertax line. The only reason you go above that is for a superstar player and being a contender, however there are no superstar players on the market with the exception of possibly Dame, if your not getting Dame and with Butler turning 34, their window is suddenly closing quickly. If no Dame, then the possibility of waving and stretching Lowry makes complete sense.

docholliday99 · Post #9 » by **docholliday99** » Wed Jun 28, 2023 3:14 pm

I know a lot of Raptor fans would be hot to trot to bring Lowry back if he's waived. I would too but tbt, if he is waived, he would be highly sought after by many contending teams, such as Philly, Lakers and the Suns. Lol, could you imagine a Lowry, Beal, Booker, KD, Ayton line in the playoffs? Or a real likely scenario would be to go home to Philly and play in front of his family and friends.