Overview
- A CBA provision bars players from signing a fourth two-way deal with the same team after three cap years, making Smith ineligible for another Miami two-way contract
- The Heat’s two-way offer sheet remains valid but is limited to the $85,300 guarantee allowed under CBA rules
- Miami currently carries 14 standard-contract players, has one open roster spot and sits about $1.3 million above the luxury-tax threshold
- Rehabbing from a December Achilles tear, Smith is a restricted free agent who can opt into his qualifying offer or seek a minimum standard deal elsewhere
- If another team offers him a standard contract, Miami can match it using its available roster slot, though matching would deepen its luxury-tax burden