- Report: Utah Jazz and Oklahoma City Thunder are possible landing spots for Dewayne Dedmon
- Report: Heat, 76ers and Celtics among teams that have inquired about Nerlens Noel recently
- Kyle Lowry’s latest update on his knee raises concerns about how long he’ll be out
- Dwyane Wade unbelievably proud as his son Zaire turns 21 and signs deal with African basketball team
- Report: Nets would be interested in Jimmy Butler, Bam Adebayo or Tyler Herro in return for Kyrie Irving
- Jimmy Butler’s agent throws shade at Austin Rivers following veteran’s fight with Mo Bamba
- Report: Miami Heat trading Kyle Lowry for Kyrie Irving has been discussed in league circles since December
- Bill Simmons says Tyler Herro is the ‘best American White guy’ in basketball
- Report: Miami Heat have checked in on 3 of O.G. Anunoby, Pascal Siakam, John Collins and Jae Crowder
- Report: Miami Heat registering trade interest in Dorian Finney-Smith
Miami Heat News: Heat Trade Wayne Ellington to Phoenix Suns
- Updated: February 6, 2019
The Miami Heat have dealt not only Tyler Johnson, but also shooting guard Wayne Ellington in a trade with the Phoenix Suns.
While Ellington had the right to reject the trade, he reportedly approved the move before it was completed.
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Can confirm Wayne Ellington has been traded to Phoenix. Agent Mark Bartelstein said Ellington – who had right to veto trade – has given his approval.
— Barry Jackson (@flasportsbuzz) February 6, 2019
The reason why Ellington reportedly approved the deal is because he thinks he won’t be in Phoenix for long.
Sources tell me that Wayne Ellington has agree to waive his de facto no-trade clause to go to the Suns with the idea that he'll be traded elsewhere or bought out after the trade deadline.
— Keith Smith (@KeithSmithNBA) February 6, 2019
In recent weeks, Ellington had been tied to two playoff hopefuls. It stands to reason that the 3-point specialist would prefer to play for a contender rather than a bottom feeder like the Suns.
While it at first seemed like an odd move, the trade is not a bad one for the Heat. The reason for this is primarily financial. While Ryan Anderson was projected to make $21.2 million next season under his current contract, he agreed to reduce his guarantee this past offseason.
Overall, the trade is set to save the Heat approximately $8 million in taxes.
While that amount is still not enough to get Miami in the market for the many star free agents this summer, it does allow them some much-needed flexibility in both the coming offseason and buyout markets.
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