Miami Heat
Covers the 5 tracked contracts at the top of this cap sheet — not the full 15-man roster · methods →
MIA carries $87.9M of tracked production (23rd of 30) against $109M of true cost, netting −$20.8M of surplus (9th of 30).
With −$1.5M of surplus from Kel'el Ware and −$20.8M team-wide, the live question is how to convert flexibility into a second star while the surplus window is open.
Weighted profile led by cap flexibility (93/100).
$87.9M of tracked production ranks 23rd of 30 tracked teams.
$109M committed at the below-apron tier — room to operate.
−$20.8M of aggregate surplus ranks 9th of 30 tracked teams.
Blend of 25th-pct production now and 72th-pct surplus to build on.
19% of spend sits in negative-surplus money (moderate concentration).
0 positive-asset contracts plus open cap sheet.
MIA carries $87.9M of tracked production (23rd of 30) against $109M of true cost, netting −$20.8M of surplus (9th of 30). That profile reads rebuilding: an overall C-grade roster (59/100) whose defining trait is cap flexibility (93/100).
Kel'el Ware is the surplus engine: −$1.5M on $5.8M, 1.2 marginal wins of production.
Bam Adebayo is the drag: −$7.2M under water on $190M still owed over 4 years.
Build around Kel'el Ware
With −$1.5M of surplus from Kel'el Ware and −$20.8M team-wide, the live question is how to convert flexibility into a second star while the surplus window is open.
Strategic warning
Biggest tail risk is stagnation — a C-grade profile that doesn't add a difference-maker while the surplus holds.
This is BOW’s curated slice of Miami Heat’s books, not the full roster — totals below cover only the 5 tracked contracts shown here.
AASV = wins × $/win − cap hit × apron multiplier. Set the knobs to your own front-office judgment — every number on this page updates live.
| Player | Cap hit | AASV | Verdict |
|---|---|---|---|
| Bam Adebayo | $37.1M | −$7.2M | Paying a premium |
| Tyler Herro | $29.0M | −$5.5M | Paying a premium |
| Norman Powell | $25.0M | −$4.3M | Paying a premium |
| Davion Mitchell | $11.8M | −$2.2M | Paying a premium |
| Kel'el Ware | $5.8M | −$1.5M | Paying a premium |