The Heat, who currently have just three players under contract for next season, are now trying to work on a buy out of James Jones' contract.
Jones has $15.5 remaining on his deal through 2012-13, but those final three seasons are only partially guaranteed if he's waived by June 30. Waiving Jones would knock another $2.8 million off the Heat's salary cap for next season, giving them roughly $27 million to spend on free agents. They're also trying to trade Michael Beasley, while Joel Anthony did them a favor and opted out of his contract today.
The Heat are setting themselves up for a possible dream team of Dwyane Wade, LeBron James and Chris Bosh.
Source: ESPN.com
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