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Heat use ‘stretch provision’ on Ryan Anderson, make Jimmy Butler deal official

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Miami also announced their trade for second-round draft pick KZ Okpala.

NBA: Playoffs-Philadelphia 76ers at Toronto Raptors Dan Hamilton-USA TODAY Sports

The Miami Heat used the “stretch provision” to waive forward Ryan Anderson, who had $15.6 million of his $21.3 million salary guaranteed for next season. The move reduces the Heat cap hit for Anderson’s contract to $5.2 million over each of the next three seasons.

That move enabled the Heat to make the sign-and-trade for Jimmy Butler official.

The Heat traded Josh Richardson, Hassan Whiteside and their 2023 first-round pick for Butler and Meyers Leonard.

Miami also officially announced their trade for KZ Okpala, who was selected with the 32nd pick in June’s NBA Draft. The Heat sent their 2022, 2056 and 2026 second-round picks for Okpala. He can make his summer league debut tomorrow.