Overview

• Barry Jackson of the Miami Herald reports the Heat are open to discussing an extension for Powell if the start of the 2025–26 season goes well.
• Powell is in the final year of a five-year, $90 million deal at about $20.5–$20.6 million and can sign an extension any time through June 30 before reaching unrestricted free agency.
• Because he was traded, he can sign at most a three-year, $77.4 million extension until January, after which a four-year, $128.5 million deal would become permissible under NBA rules.
• Miami acquired Powell in a July three-team trade and later traded Haywood Highsmith to avoid the tax, with Jackson noting a payroll near $166 million before any new Powell deal.
• Coming off a 21.8-point, 41.8% 3-point season with the Clippers, Powell gives Miami sought-after scoring, but team decision-makers prefer to see on-court fit and early cap clarity before committing.