The lingering questions about the Heat’s future have been focused far beyond this season. In particular, whether Riley can keep this team together when the luxury tax penalties become much stiffer starting in 2013-14.
“It’s doable in this tax economy, but I’ll leave that up to [Heat owner] Micky [Arison],” Riley said with a laugh. “That will all be tackled after the season, but it is doable.”
In other words, the ball is in Arison’s hands. Just like the Heat president planned ahead years in advance of the summer of 2010, Riley said he has already had internal conversations with Heat brass about how to financially keep the star-studded core intact when LeBron James, Dwyane Wade and Chris Bosh can all opt out of their contracts after the 2013-14 season.
“I don’t believe that we have to sell anybody on us anymore in 2014,” Riley said. “It’s all about winning now and when that time comes, we’ll deal with it.”
But the financial burden will begin starting in 2013-14 when taxpaying teams will have to pay $1.50 for every dollar they’re over the luxury tax line. And it gets considerably more punitive in 2014-15 when the repeater penalties hit and the tax rate increases the deeper a team is into the tax. Additionally, taxpaying teams will have more stringent roster management restrictions, including the inability to acquire players via sign-and-trades.
“It’s going to take that kind of revenue and those kinds of opportunities to be able to [keep the core together],” Riley said. “It is doable, but it’s a question of the economics of the game. There’s going to have to be some strategic planning not only from [the business] standpoint, but also personnel-wise over the next couple of years to deal with [the potential tax penalties].”
DJ B-LORD drops his annual Bike Week mixtape…….so here’s 2K13’s! Check the cover art & tracklist then listen & download below!
Timberwolves guard J.J. Barea was assessed a flagrant foul 2 and ejected after using his chest to bump Ray Allen during a 97-81 loss to the Heat on Monday night.
With a little more than eight minutes remaining in the fourth quarter, and the Heat leading 76-70, Barea defended Allen on the ball just outside the three-point line. After flopping back when Allen used his left arm to clear him off of the ball, Barea recovered to meet Allen on a drive, bumping Allen directly with his chest as he attacked the basket, knocking the Heat guard to the floor. The foul sparked a brief exchange of words between members of the two teams, as Allen’s Heat teammates came to his defense. Check the video below
After 10 years in the league, you probably think you know LeBron James. But you don’t know him like this. In SWAG16, Complex make LeBron choose between his all-time favorite things, tournament-style, to find out the one thing he can’t live without. Is it Madden or Martin? Oatmeal or Boardwalk Empire? Only one thing can survive. Watch SWAG16 to find out what wins out.
Somebody tell Bosh to keep the Grey Goose to a minimum before the game.
A sharpshooting New York Knicks team connected on 18 3-pointers to dominate the suddenly struggling Miami Heat for the second time this season, winning 112-92 on Thursday.
Raymond Felton scored a season-high 27 points as the Knicks easily beat the reigning NBA champions despite the absence of the injured Carmelo Anthony.
In Thursday’s other game the Dallas Mavericks hung on to edge the Phoenix Suns 97-94.
New York’s Steve Novak scored 18 points as the Knicks won their fifth straight and moved 1½ games clear of Miami for the best record in the Eastern Conference. The Knicks made eight 3-pointers in the third quarter alone, the most by any NBA team Continue reading
Last night Dwyane Wade went up for a slam dunk, only to be emphatically denied by the smaller Eric Bledsoe. Check out the video and what Bron Bron & CP3 had to say about it…
Dwayne Wade was under fire for a tweet he made yesterday that ended up being a complete misunderstanding. Now he’s even doing something about it. I applaud Wade for this. It’s always great to see celebs/athletes giving back!
Wade said Friday’s Heat-Knicks game at Madison Square Garden in storm-ravaged New York City should have been postponed, and he told USA TODAY Sports he will donate his salary from the game to charity.
When it comes to road venues, “It’s my favorite place to play,” Wade told USA TODAY Sports of the Garden. “But just knowing a lot of people here and knowing what they’ve been going through with no power, no water, no food … to me, it just seems like there’s bigger things to be concerned about than a basketball game. Continue reading
Earlier this morning we shared a story about LeBron possibly heading to the Lakers in 2 yrs. when Kobe leaves. Thanks to the latest speculation, we’re now virtually assured LeBron James-to-the-Lakers talk for the next two seasons. Dwyane Wade wishes that wasn’t the case.
From the Palm Beach Post:
“They need to leave my teammate alone with that, and go mess with somebody else,’ Wade said. ‘He’s gonna be here. We’re straight.’ James, for his part, stayed on message, a message you’re sure to hear over and over from him: ‘I’m here. I’m preparing for the season. I’m preparing to defend our title.’”