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.
Heat chooses to waive and stretch Ryan Anderson to get under hard cap. Jimmy Butler deal can now become official https://t.co/bf9JzyCHvb— Anthony Chiang (@Anthony_Chiang) July 6, 2019
The Heat traded Josh Richardson, Hassan Whiteside and their 2023 first-round pick for Butler and Meyers Leonard.
OFFICIAL: Miami has acquired All-Star forward Jimmy Butler from Philadelphia, Meyers Leonard from Portland and cash considerations from the LA Clippers in exchange for Josh Richardson, Hassan Whiteside and a conditionally protected future 1st round pick. https://t.co/zIdood8evp— Miami HEAT (@MiamiHEAT) July 6, 2019
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.