MIAMI (CBSMiami) – All signs continue to point toward LeBron James signing another multi-year deal with the Miami Heat but it won’t be at a discounted rate.
James is seeking a contract that will compensate him upwards of $20 million in the upcoming NBA season, according to CBS4’s news partner The Miami Herald.
If James does in fact sign a deal that would pay him around $20.6 million in 2014-15, Dwyane Wade and Chris Bosh would have to take substantial pay cuts for the Heat to have cap space to go after top-tier free agents such as Kyle Lowry, Luol Deng and yes, even Carmelo Anthony.
One thing to keep in mind is that Wade and Bosh can’t sign extreme backloaded contracts due to salary cap rules that limit the maximum amount of annual raises.
That means Wade and Bosh would have to be willing to accept contracts that pay them far less then what James would be making, though both have said they are willing to take pay cuts.
This could all be insignificant should there be a top-level free agent willing to take less money to sign with the Heat, and that isn’t necessarily a far-fetched idea.
While Pat Riley has already said that he will not ask LeBron to take a paycut, there is always the possibility of James accepting a slightly lesser contract if it helps the Heat sign a player that the Big Three are keen on acquiring.
(©2014 CBS Local Media, a division of CBS Radio Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. CBS4 news partner The Miami Herald contributed material for this report.)
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