Connect with us

Hi, what are you looking for?

Economy

Miami Heat sign Bam Adebayo to mega deal, also ink Udonis Haslem

THE Miami Heat reached deals Saturday with two players from their National Basketball Association (NBA) Finals squad, signing center/forward Bam Adebayo to the richest deal in franchise history, while also coming to terms on a one-year deal with veteran forward Udonis Haslem.

Adebayo, 23, officially agreed to a five-year, $163 million deal with escalator clauses that could take it has high as $195 million, multiple outlets reported. Escalators include earning a spot on the All-NBA team, or earning an MVP or defensive player of the year in the upcoming season.

The deal tops the previous high when Jimmy Butler signed a $141 million pact with the team.

Adebayo will make $5.1 million in the upcoming season on the final year of his rookie deal before his season-salary jumps north of $28 million for the 2021-22 season.

Adebayo had a breakout 2019-20 season when he averaged 15.9 points with 10.2 rebounds and 5.1 assists. He was even better in the playoffs with 17.8 points and 10.3 rebounds, while adding 4.4 assists in 19 of the team’s 21 playoff games.

The Heat fell just short of an NBA title this past season, losing to the Los Angeles Lakers during a six-game Finals series.

Miami re-signed Haslem to a $2.6 million veteran minimum deal, according to the Miami Herald. The deal means the 40-year-old will return for his 18th season, all of them with the Heat. — Reuters

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

By Jenina P. Ibañez, Senior Reporter PHILIPPINE MANUFACTURING activity rose to an eight-month high in November, as new orders increased for the first time...

Economy

THE NATIONAL Government’s outstanding debt swelled to P11.97 trillion as of the end of October as it offered more domestic securities, preliminary data from...

Economy

MOTORISTS experience heavy traffic along Commonwealth in Quezon City on Wednesday. — PHILIPPINE STAR/ MICHAEL VARCAS BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E....

Economy

THE SENATE on Wednesday approved on third and final reading the proposed P5.024-trillion national budget for 2022. Senators unanimously passed the 2022 General Appropriations...

Economy

EVERYTHING’s coming full circle from the boy from Cebu who wanted to write but ended up cooking. Myke “Tatung” Sarthou, celebrity chef, started out...

Economy

1 of 6 THE VIRTUS awards by the Hotel Sales and Marketing Association (HSMA) Philippines continues to honor professionals and institutions in hospitality: a...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.