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Report: Heat, Victor Oladipo re-work one-year, $11M deal into 1+1, $18M contract

Miami Heat guard Victor Oladipo

MIAMI, FL - MAY 4: Victor Oladipo #4 of the Miami Heat shoots the ball against Tyrese Maxey #0 of the Philadelphia 76ers during Game 2 of the 2022 NBA Playoffs Eastern Conference Semifinals on May 4, 2022 at The FTX Arena in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2022 NBAE (Photo by Jesse D. Garrabrant/NBAE via Getty Images)

NBAE via Getty Images

Victor Oladipo reportedly agreed to re-sign with the Heat on a one-year, $11 million deal.

But those aren’t the terms of the contract he actually signed.

Anthony Chiang of the Miami Herald:

The Heat and Oladipo agreed Wednesday to restructure the terms to a two-year deal worth in the range of $18 million, according to a league source, that includes a smaller salary in the first season worth about $8.5 million and a player option in the second season.

This gives Miami more breathing room below the luxury-tax line and below the hard cap (which the Heat have yet to trigger).

But Miami hasn’t done anything that looks surprising since originally agreeing to terms with Oladipo. The Heat have just re-signed Caleb Martin and Dewayne Dedmon.

So, why re-work Oladipo’s deal?

Especially given Miami’s ambition and execution for big moves, this subtle adjustment draws intrigue. Kevin Durant is reportedly interested in the Heat and remains available.

Miami also made a move that appeared foreboding just before the trade deadline. We’re still waiting for the other shoe to drop. Perhaps, these are connected.

Or maybe the Heat have just repeatedly decided at odd times to become more flexible immediately at long-term expense without set reasons for doing so.