Heat forward Chris Bosh and teammate guard Dwyane Wade will take pay cuts, which could pave the way for general manager Pat Riley to have some cap room to spend on improving the Miami roster.
According to a report from The Oregonian, Bosh is expected to sign a five-year deal beginning at $11 million for the first year of the deal while Wade will sign a four-year deal that starts at $12 million for the first season.
Wade and Bosh each were set to earn more than $20 million this upcoming season and $40 million next season. By opting out of their contracts for less money but for more years the two stars give Riley about $12 million to use on upgrading the roster.
LeBron James is demanding a maximum contract, which should pay the superstar in the neighborhood of $22 million.
The Heat is expected to target free agent guard Kyle Lowry of Toronto or free agent center Marcin Gortat of Washington.