The Miami Heat and Wayne Ellington haven’t agreed to a new deal for the sharpshooter to return to Miami. And now, ESPN’s Kevin Pelton published a story of the best remaining free agents.
Ellington ranks eighth among all free agents and is the leading unrestricted free agent.
In the article, Pelton says that Ellington is “probably looking at offers for the midlevel exception at most.” The full midlevel exception is $8.6 million for next season, and the Heat can offer a contract starting at $10.9 million for Ellington.
The problem for Miami, though is their proximity to the NBA’s punitive luxury tax.