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Wiggins inks $64M Deal, Joins Antetokounmpo, Adebayo

6/30/2026

44 5 Full Breakdown

Summary

Wiggins Signs Extension

Andrew Wiggins signed a three-year, $64 million contract with a player option for 2028-29.
He exercised a $30.2 million option for 2026-27 and added a two-year, $34 million extension.
In 2025-26, Wiggins posted 15.4 points, 4.8 rebounds and 2.7 assists while shooting 47.5 % overall and 41.4 % from three in 68 games.
After Miami traded Giannis Antetokounmpo to Milwaukee, Wiggins will start with Antetokounmpo and Bam Adebayo.

Summary

Wiggins Cap Relief

The extension creates cap relief for 2027-28, keeping Miami under the projected luxury-tax threshold.
Because Wiggins remains trade-eligible, the Heat can move his $30.2 million salary before July 6.
Re-signing Norman Powell at $20.5 million is impossible because the team has only $19 million under the apron.
Miami may trade Nikola Jovic’s $16.2 million contract or sign minimum-salary shooters like Tim Hardaway Jr. and Khris Middleton.

History

Historical Context

After the 2005 collective bargaining agreement, which gave players 57% of league revenue, expired on July 1, 2011, the NBA entered a lockout that ended on December 8, 2011 with a new CBA imposing a soft salary-cap rule. The Heat’s 2010-11 “Big Three” sparked concerns that shaped those rules, and today the franchise’s multi-year deals and trades aim to stay under the cap established by that agreement.

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Wiggins Signs Extension

Andrew Wiggins signed a three-year, $64 million contract with a player option for 2028-29.
He exercised a $30.2 million option for 2026-27 and added a two-year, $34 million extension.
In 2025-26, Wiggins posted 15.4 points, 4.8 rebounds and 2.7 assists while shooting 47.5 % overall and 41.4 % from three in 68 games.
After Miami traded Giannis Antetokounmpo to Milwaukee, Wiggins will start with Antetokounmpo and Bam Adebayo.

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