Miami Heat's trade with Charlotte Hornets involving Terry Rozier and Goran Dragic will create a $6.4M trade exception and save Miami $15.4M in taxes. The trade will likely make the Heat a taxpaying team for an extended period, with the projected distribution to teams lowered to $12.5M per team.
Updated the @SportsBizClass NBA 2023-24 Luxury Tax Tracker for the Miami/Charlotte trade that knocked a large chunk off the Heat's tax and lowered the projected distribution to $12.5 mil per team https://t.co/gFn8LeuIlU
Updated the @SportsBizClass NBA 2023-24 Luxury Tax Tracker for the Miami/Charlotte trade that knocked a large chunk off the Heat's tax and lowered the projected distribution to $12. mil per team https://t.co/gFn8LeuIlU
This trade also makes it pretty close to certain that the Heat will be a taxpaying team for … a while. The trade might lessen the expected bill this year, but it’s still substantial.
Financial implications Miami Pre-trade tax: $29.4M Post-trade tax: $13.9M Savings: $15.4M The Heat will create a $6.4M Trade Exception (they already have $9.5M, $7.2M and $4.5M TE) Charlotte 2024-25 Team salary: $86.2M* Projected salary cap: $142M *Does not include…
This is a great deal for Miami — Terry and Jimmy are wired very similarly. Terry spends the majority of his offseason in Miami. Unlikely Charlotte keeps Lowry beyond the deadline. https://t.co/tfPMSGv87S