Menu
Franchises

Heat Execs Already Talking About Ways To Keep Big Three Together Amid Luxury Taxes

As the Heat begin their attempt to win a second consecutive NBA title, team President Pat Riley acknowledged that he, Owner Micky Arison, CEO Nick Arison and Senior VP & Assistant GM Andy Elisburg "have already had talks about how Miami can keep the core of this team together for years to come," according to Tim Reynolds of the AP. Heat F LeBron James, G Dwyane Wade and C Chris Bosh can all opt out of their contracts following the '13-14 season. Riley said of keeping all three together, "It's doable in this tax economy, but I'm going to leave that to Micky. We've already had conversations, internal conversations about it, Nick and Andy and myself and Micky. That will all be tackled after the season. We'll start talking about that. But it is doable." Reynolds noted the Heat may be "facing some significant luxury-tax bills in the coming years," which will be "one of many factors that go into the shaping of the roster for 2014-15 and beyond." Riley said that he wanted to "build a dynasty when the Heat structured their finances in such a way to allow maximum flexibility -- and maximum spending -- when James, Bosh and Wade hit the market together in 2010." Given the "financial realities" that are associated with the current CBA, especially the "more punitive luxury tax for big-spending teams, few might think that the Heat will be able to retain all three." Riley: "There's going to have to be some strategic planning, not only from that standpoint but personnel-wise over the next couple years to deal with it" (AP, 4/20). In Ft. Lauderdale, Dave Hyde wrote it would be "stunning" if Micky Arison "allows this team to break up." He "no doubt has a plan in place already to keep it together." The Heat are "a marketing machine right now," and the question is if they "can fully unlock the financial rewards of that and lessen what will be a punitive luxury tax in 2014" (South Florida SUN-SENTINEL, 4/21).

KNOW YOUR ROLE: ESPN’s J.A. Adande noted the "only thing that can keep them from being a dynasty is the new collective bargaining agreement, which will limit their ability to bring in" quality role players for the salary exemption. Adande: "Those won’t be at their disposal because they’ll be a tax-paying team” (“NBA Tonight,” ESPN2, 4/20).

SBJ Morning Buzzcast: May 8, 2024

Start your morning with Buzzcast with Austin Karp: The NFL sets a date for its 2024 schedule release, while also dropping hints that it could soon approve private equity investment in teams; WNBA teams finally land charter flights; the F1 Miami Grand Prix delivers a record on TV; and Elevate lands in Happy Valley.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2013/04/22/Franchises/Heat.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2013/04/22/Franchises/Heat.aspx

CLOSE