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Michael Beasley traded to Minnesota

On the heels of the announcement that LeBron James is joining the Heat, Michael Beasley has been dealt to the Minnesota Timberwolves for a 2011 2nd round draft pick and a future swapping of 1st round picks between the two teams.  The Timberwolves will absorb Beasley's $4.9 million salary for next season, allowing the Heat more wiggle room to get LeBron, Bosh and Wade all signed up. 

As of right now though, Mario Chalmers is the only player under contract with the Heat.  Rio is going to lose his #6 to LeBron James and reports are that he is going to take #15 instead.  Chalmers even tweeted out "Somebody tell Lebron to hills at me bout #6 lol" early Friday morning.

The big three are expected to formally sign their contracts with Miami sometime on Friday.  The amount they sign for will tell us how much money the Heat will have to throw around when Pat Riley goes to fill the rest of their roster.  The salary cap is already set at $58 million, and with Beasley gone the Heat could still have some cash to spend.  Ira Winderman hooks us up with a list of players Riley will likely be looking at. 

Among veterans who potentially could be added at the minimum level this offseason are Raja Bell, Larry Hughes, Flip Murray, Zydrunas Ilgauskas, Devean George, Brian Skinner, Damien Wilkins, Trenton Hassell, Jarvis Hayes, Jason Williams, Keyon Dooling, Eddie House, Etan Thomas and Ime Udoka.

There are also still reports out there that Miami offered free agent Mike Miller a 5-year deal worth in the range of $27-$30 million.  As of now the status of that is still unknown but you better believe we'll be hearing plenty about it soon enough.