How Will Miami Heat Spend Record $55 Million Cap Space After Big 3 Opt Out?

June 28th, 2014 by Zach Buckley Leave a reply »

Dominoes are dropping, and the wheels are officially in motion for the retooling—possibly rebuilding—Miami Heat.

LeBron James started the party earlier this week, opting out of the two years left on his contract with the four-time NBA finalists. Udonis Haslem followed suit Saturday, as reported by Bleacher Report's Ethan Skolnick:



Dwyane Wade was next to fall in line, via Tim Reynolds of The Associated Press:



Heat team president Pat Riley confirmed the moves in an issued team statement, calling Wade "the cornerstone of our organization for over a decade" and Haslem "the heartbeat of this team."

ESPN's Chris Broussard reported that Chris Bosh also opted out of his deal, although Joseph Goodman of The Miami Herald heard that nothing has been decided yet:





Assuming Bosh opts out as expected, Miami's offseason buying power will be maximized:



The question now becomes how the Heat will spend all this money.

The first step of that plan involves the likely re-signing of all the p ...

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