This offseason is important for the Miami Heat. They have been to the NBA Finals in two of the last four seasons and have failed to do so. Miami is looking to add another star player this offseason. First, they have to get rid of Kyle Lowry’s outrageous 2023-24 contract. The Heat could waive Lowry if they can’t find a deal during free agency.
During the 2021 season, the Miami Heat acquired Kyle Lowry after nine years with the Raptors. Lowry’s play was not at the level of the Miami Heat. Especially since he made $28.3 million last season and hit $29.7 million in 2023-24.
The 37-year-old is not worth the nearly $30 million The Heat will pay him next season. Miami has awarded Lowry a three-year, $85 million deal in 2021. It’s safe to say they have buyer’s remorse.
Miami has considered dropping Kyle Lowry if they can’t find a business partner, per @tweet pic.twitter.com/NUsCmHEP2A
– NBACentral (TheNBACentral) June 27, 2023
The Heat want to get rid of the $29.7 million they owe Kyle Lowry for next season
At 37 years old, Kyle Lowry isn’t quite the player he used to be. It’s hard for any player to continue playing at an elite level so late in their career. Only the greats are capable of doing this. This season, there was a “passing the torch” moment this year for Laurie White and PG Gabe Vincent.
The 2019 NBA champion played in 55 of the 82 regular season games and started 44. Lowry started every game he played in for the heat until the beginning of March. That’s when head coach Erik Spoelstra decided to put Gabe Vincent in the starting lineup.
Vincent proved to be a solid piece for Miami during their playoff run. He is one of the better long distance shooters not on the team. That was an area where the Heat struggled in the 2023 postseason. This is an offseason, Vincent is a free agent. The Heat wants them to get rid of the $29.7 million they owe Laurie. In doing so, they will be able to reward Vincent with a nice contract extension.