Gabe Vincent turned down an offer from the Miami Heat of $8 million a season, according to sources. Vincent, 27, has been offered a new contract similar to Caleb Martin’s three-year contract structure. This means that the fourth-year pro will most likely experience the open market in free agency.
Heat GM Andy Ellsburg is trying to avoid pushing Vincent near the $12.4 million mid-level exception. Miami is currently worth $173 million, and the tax threshold for the 2023-24 season is $165 million. Their current luxury tax space is over $8 million. However, Miami can sign and trade away a player without activating the cap.
At a handful of NBA betting sites, the Miami Heat holds the seventh-shortest odds of winning a championship next season in 2024. Right now, sportsbooks show better odds for the Boston Celtics and Milwaukee Bucks in the Eastern Conference.
The Heat just gives Gabe Vincent $8 million a year 😳
(via @5ReasonsSports ) pic.twitter.com/RPRFeDsvuJ
– NBACentral (TheNBACentral) June 30, 2023
Gabe Vincent has played in 34 of 68 games with the Heat in the 2022-23 regular season. The UC Santa Barbara product averaged career highs of 9.4 points, 2.1 rebounds, and 25.9 minutes per game. In addition to recording 2.5 assists per game, he also shot 40.2% from the floor, 33.4% outside the arc, and a career-best 87.2% at the foul line.
In Miami’s 108–102 win over the Bucks on January 12, the guard scored a then career-high 28 points in 42 minutes as a starter. Along with three boards, six assists, and two steals, he finished 10-of-17 (58.8%) shooting from the field and knocked down five three-pointers.
NBA Free Agency: Gabe Vincent turned down Miami Heat’s offer of $8 million a season, to test out on the open market alongside teammate Max Strus?
In Game 3 of the Heat’s 128-102 victory over Boston in the 2023 Eastern Conference Finals, Vincent scored a career-high 29 points in 36 minutes of action. The California native shot 11-in-14 (78.6%) from the ground and 6-in-9 (66.7%) from downtown.
Another teammate likely to join Gabe Vincent in free agency is Max Strus, who is expected to secure a three-year contract in the $48 million range from Indiana Pacers. The NBA Free Agency begins later today at 6 PM ET. The double-digit, multi-year deal will be a first for the 6-foot-5 winger.
Per a source, the Heat made an offer to Vincent similar in structure to Caleb Martin’s 3-year deal but for slightly more money (over $7 million a year for Gabe). The needle did not move. Vincent’s return seems less likely, unless Heat raises its bid. Free agency begins at 6 p.m
– Barry Jackson (@flasportsbuzz) June 30, 2023
In August 2021, Strus signed a two-year, $3.42 million contract with Miami. wrote Mark Stein of “The Stein Line” on Thursday.
During Game 2 of a first-round series in Miami against the New York Knicks, the Heat set a single-game NBA playoff record for most points scored by non-scoring players (74). Strous, Martin, Vincent, Duncan Robinson and Heywood Highsmith all contributed offensively in Miami’s 111-105 loss.