CapmathThe NBA Cap Ledger
Vol. XI · 2026-27 · Computed live
Vol. XI · 2026-27 · Computed live
Miami Heat · Salary cap report
Heat are $24.8M over the cap on payroll.
Miami Heat payroll for the 2026-27 season is $189.8M against a $165.0M salary cap.
Payroll, the salaries actually on the books plus dead money, is $189.8M. Counting cap holds for their own free agents, the Heat's cap number rises to $251.9M, which is why there is no usable cap space until those holds come off the books. Renouncing every free-agent hold would open -$24.8M of room and give up Bird rights.
Run Heat's offseason yourself→Under the tax on payroll
What the numbers mean
Payroll$189.8M
The salaries actually committed to players right now.
Counts against the cap$251.9M
What the league counts: payroll plus free-agent hold placeholders.
Luxury tax lineUNDERby $10.6M
Cross it and the team pays a penalty on every dollar over.
First apron lineUNDERby $19.2M
A stricter line. Over it, the bigger roster tools freeze.
Where the Heat land · payroll against the cap lines
Cap$165.0MTax$200.4MApron 1$209.0MApron 2$221.7M
The solid bar is real payroll. The hatched extension is a free-agent hold crossing the cap line. Renounce it and the room clears.
The books
2026-27 focused
| Player | Pos | 2026-27 | 2027-28 | 2028-29 |
|---|---|---|---|---|
| Signed contracts | ||||
| Giannis Antetokounmpo | F | $58.5M | $62.8M | – |
| Bam Adebayo | C | $49.5M | $53.5M | PO$57.4M |
| Andrew Wiggins | F | $19.8M | $21.3M | $22.9M |
| Nikola Jovic | F | $16.2M | $14.9M | $15.1M |
| Bobby Portis | F | $14.5M | $15.6M | – |
| Davion Mitchell | G | $12.4M | – | – |
| Tim Hardaway Jr. | G | $6.5M | – | – |
| Myron Gardner | F | $2.6M | $2.5M | – |
| Dru Smith | G | $2.6M | TO$2.9M | – |
| Dru Smith | G | $2.6M | TO$2.9M | – |
| Jahmir Young | G | TO$2.4M | – | – |
| Pelle Larsson | G | TO$2.3M | – | – |
| Signed subtotal | $189.8M | $176.5M | $95.4M | |
| Payroll | $189.8M | $176.5M | $95.4M | |
| Cap holds · placeholders, not paid | ||||
| Terry RozierBIRD 150% | G | $40.0M | – | – |
| Simone FontecchioEARLY BIRD | F | $10.8M | – | – |
| Keshad JohnsonNON-BIRD | F | $2.6M | – | – |
| Trevor KeelsMIN HOLD | F | $2.2M | – | – |
| Vladislav GoldinMIN HOLD | F | $2.2M | – | – |
| Ryan ConwellMIN HOLD | F | $2.2M | – | – |
| Tre DonaldsonMIN HOLD | F | $2.2M | – | – |
| Dru SmithBIRD 190% | G | – | – | $5.6M |
| Bam AdebayoBIRD 150% | C | – | – | – |
| Pelle LarssonBIRD 300% | G | – | $6.9M | – |
| Jahmir YoungNON-BIRD | G | – | $3.3M | – |
| Myron GardnerNON-BIRD | F | – | – | $3.4M |
| Davion MitchellEARLY BIRD | G | – | $16.1M | – |
| Giannis AntetokounmpoBIRD 150% | F | – | – | $66.1M |
| Bobby PortisBIRD 190% | F | – | – | $29.6M |
| Counts against the cap | $251.9M | $204.2M | $207.8M | |
What they can add
Non-Taxpayer MLEup to $15.0M
The full mid-level signing slot for adding an outside free agent. Using it locks their spending at the first apron for the rest of the season.
Bi-Annual Exceptionup to $5.4M
A smaller signing slot, usable every other year. Using it also locks their spending at the first apron.
Bird rightsLets them re-sign their own free agents for more than other teams can offer, up to the max.
Trade exceptions
Trade exception · from the Haywood Highsmith tradeup to $5.6M
Absorbs one incoming contract up to this amount with no salary matching. Expires Aug 15, 2026.
A trade exception is a credit from an earlier trade, not money on the books, so it does not count toward the cap, tax, or apron. On file as of Aug 5, 2026; may not be complete.
Decisions ahead
Option calls before 2027-28
Dru Smith $2.9M team option, Dru Smith $2.9M team option.
Expiring after 2026-27
Davion Mitchell $12.4M, Tim Hardaway Jr. $6.5M, Jahmir Young $2.4M, Pelle Larsson $2.3M come off the books.
Front office
Run the Heat offseason
Take these exact books into the GM Machine and re-sign, sign, waive, stretch, and draft, with every cap rule checked and explained as you go.
Draft picks through 2033
The Heat control 4 first-round and 1 second-round pick, 2 carrying swap rights.
2026
2026 2nd (via GSW) · No. 41
Golden State's own second conveyed to Miami at pick 41, routed via Charlotte, New York, Oklahoma City, and Atlanta.
Their own 1st, owed to MIL · No. 13
Miami's own first conveyed to Milwaukee at pick 13, in the June 2026 Giannis Antetokounmpo trade.
Their own 2nd, owed to SAS · No. 44
Miami's own second conveyed to San Antonio at pick 44, routed via Indiana.
2027
Their own 1st, owed to CHA
Top-14 protected first owed to Charlotte from the January 2024 Terry Rozier trade; if it lands 1-14 it does not convey and Charlotte instead gets an unprotected 2028 MIA first.
Their own 2nd, owed to NYK
Miami's own second sits in the OKC, HOU, IND, MIA 2027 pool: Philadelphia takes the most favorable, New Orleans the second, New York the third, San Antonio the more favorable of its own or the least of the four, and Miami the least of five. Miami does not keep it outright; Oklahoma City is only a routing conduit.
2028
2028 1st (own, swap rights attached)Stepien-locked
Contingent on the Terry Rozier obligation: Miami's 2027 first is top-14 protected for Charlotte, and if it lands 1-14 and does not convey, Charlotte instead receives Miami's 2028 first unprotected. Miami keeps the slot unless that contingency triggers.
Their own 2nd, owed to DET
Owed to Detroit, unprotected, from the 2023 Dewayne Dedmon salary dump.
2029
2029 1st (own)
Their own 2nd, owed to OKC
Charlotte receives the more favorable of Atlanta's and Miami's 2029 seconds and Oklahoma City the less favorable, from the February 2026 Ousmane Dieng trade; Miami's slot lands with Oklahoma City if it is the less favorable, otherwise Charlotte. Origin in the 2023 Victor Oladipo salary dump.
2030
2030 1st (own, swap rights attached)Stepien-locked
Milwaukee holds the right to swap its 2030 first for this pick, from the June 2026 Giannis Antetokounmpo trade. Miami keeps the slot unless Milwaukee swaps.
Their own 2nd, owed to OKC
Memphis takes the most favorable of the Denver, Houston, and Miami 2030 seconds and Oklahoma City the second most and least; Miami's slot goes to Memphis if it is the most favorable, otherwise Oklahoma City. From the 2023 Victor Oladipo salary dump and the June 2026 Memphis-Oklahoma City trade.
2031
Their own 1st, owed to MIL
Owed to Milwaukee, unprotected, in the June 2026 Giannis Antetokounmpo trade.
Their own 2nd, owed to WAS
Miami's own second conveys away in the Washington, Memphis, Indiana 2031 pool: Washington takes the more favorable of the Indiana and Miami seconds, Memphis the more favorable of its own or the less favorable of that pair, and Indiana the least of the three. Miami retains none.
2032
2032 1st (own)Stepien-locked
Their own 2nd, owed to BKN
Traded to Brooklyn with Haywood Highsmith in the August 2025 trade.
2033
Their own 1st, owed to MIL
Miami's own first owed to Milwaukee, unprotected, in the July 2026 Giannis Antetokounmpo trade.
Their own 2nd, owed to MIL
Miami's own second owed to Milwaukee in the July 2026 Giannis Antetokounmpo trade.
Protections and swap conditions in plain English. Full story on the Heat draft picks page.
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