The Miami Heat are quickly moving on after waiving Chris Bosh and striking out on the Gordon Hayward sweepstakes with a surprise four-year deal worth more than $50 million for free agent Kelly Olynyk.
Olynyk’s agent Greg Lawrence told ESPN’s Adrian Wojnarowski that the fourth year is a player option.
The Olynyk deal includes a player option on the fourth-year, Lawrence said. https://t.co/wAyyX8w2CM— Adrian Wojnarowski (@wojespn) July 6, 2017
Heat ultimately thought Olynyk was better player than Gay at that money. Concerns with Gay on several issues, including Achilles return.— Barry Jackson (@flasportsbuzz) July 6, 2017
— Kelly Olynyk (@KellyOlynyk) July 7, 2017
As a restricted free agent, Olynyk’s rights were renounced Tuesday by the Boston Celtics as part of a series of roster moves they must make in order to accommodate Hayward’s four-year $127 million max contract.
Miami also re-signed Dion Waiters to a four-year deal worth $52 million on Wednesday and have been deep in negotiations with James Johnson since last night for a new deal that was reportedly close to being signed. They must also decide on the team option for Wayne Ellington’s contract by Friday, which would guarantee his $6.3 million salary for the upcoming season.