Overview

• The NBA’s collective-bargaining agreement prohibits a player from holding two-way status for parts of more than three salary cap years with the same team.
• Smith occupied two-way slots with Miami in each of the past three seasons, making him ineligible for a fourth under that provision.
• The Heat have already filled two of their three two-way positions with Vladislav Goldin and Myron Gardner, leaving no room for Smith at that designation.
• Miami extended Smith a one-year, minimum-salary qualifying offer in June with about $102,000 guaranteed instead of a new two-way contract.
• Shifting Smith to a standard deal would fill Miami’s final 15-man roster spot but tack on roughly $2.3 million to a payroll already over the luxury tax threshold.