2021 Miami Heat Free Agency - Day One

The Heat made some big moves in day one of NBA free agency. Ending the day having spent the most money of any team, Miami did most of their work on opening night.

Re-Signings

Coming off of arguably the best season of his career and top 10 in MVP voting, Jimmy Butler will be getting paid, signing a four-year, $184M max contract extension. Although this seems like a steep amount to some, Butler is worth it. Averaging career bests in rebounds (6.9), assists (7.1) and field goal percentage (49.7%) in 2021, Butler continues to carry this Heat team and lead by example.

Breaking: Five-time NBA All-Star Jimmy Butler is expected to agree to a maximum contract extension with the Miami Heat when the league year opens on Aug. 6, sources tell me and @JonKrawczynski.
— Shams Charania (@ShamsCharania) August 2, 2021

Duncan Robinson also got a generous five-year, $90M contract extension. This might also seem like a large contract, because it is. Robinson will be making $18M a year to shoot threes. Luckily, he does so at a historic rate.

In 2020, Robinson hit 332 3-pointers (including playoffs) on 43.6% shooting. The only other player to hit that many threes and hit them that efficiently is Stephen Curry. Here’s another impressive stat to tell the story:

Highest 3P% in NBA history on 5+ attempts per game:

43.3% — Steph Curry
42.3% — Duncan Robinson

Robinson signs the largest contract ever for an undrafted player. pic.twitter.com/4Yx7ZQOhK2
— StatMuse (@statmuse) August 2, 2021

A few other notable free agency re-signings for Miami are:

Dewayne Dedmon – one-year, minimum deal
Max Strus – two-year, $3.5M deal
Gabe Vincent – two-year, $3.5M deal

New Faces

Headlining the night for Miami comes the sign-and-trade deal for Toronto Raptors star, Kyle Lowry. Lowry is expected to sign a three-year, $90M deal with the Heat, sending Goran Dragic and Precious Achiuwa to the Raptors. Kyle Lowry will slide seamlessly into Dragic/Nunn’s old starting point guard role, with Kendrick Nunn becoming an unrestricted free agent.

Last but not least the Heat and P.J. Tucker agree to a two-year, $15M contract to bring the NBA champion to Miami. Tucker played fearlessly in the Bucks’ finals run, and Heat fans can expect nothing less in the coming seasons.