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Miami Heat Prioritizes Financial Flexibility, Avoids Waive-and-Stretch

8/29/2025

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Summary

Story summary

The Miami Heat is expected to forgo the waive-and-stretch provision before the August 28 deadline.
This provision would spread a player's remaining salary over multiple years but may increase dead money.
The team seeks to retain financial flexibility following a difficult 2024-25 season and avoid luxury tax penalties.
Currently, the Heat has 14 players on standard contracts and plans to add another player before the season.

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Story summary

The Miami Heat is expected to forgo the waive-and-stretch provision before the August 28 deadline.
This provision would spread a player's remaining salary over multiple years but may increase dead money.
The team seeks to retain financial flexibility following a difficult 2024-25 season and avoid luxury tax penalties.
Currently, the Heat has 14 players on standard contracts and plans to add another player before the season.