As the NBA lockout approached, the players’ union advised players to sock away their cash, switch to payment plans that would stretch their paychecks through October and generally behave more like normal, non-millionaire young Americans.
The Most Miami Heat Thing Ever
Many followed the union's advice. The Miami Heat did not.
ESPN's Brian Windhorst talks about why Mike Miller is selling his waterfront mansion. (Hint: it's the amnesty clause, kinda.) But there's a pretty amazing news bit in there about our heroic protagonists in South Beach.
Heat owner Micky Arison is worth more than $4 billion and his sitting on a massive lump of money from thousands of season ticket holders who've paid in full. Not to mention he didn't have to pay LeBron James, Dwyane Wade and Chris Bosh their July balloon payments. James, sources said, was owed a $12 million check in July as part of his contract that allowed him to get 80 percent of his annual salary up front. That cash is still sitting in the Heat's coffers.
That’s right: LeBron and friends not only ignored the union’s advice to stretch out their pay schedule, but signed deals with up-front balloon payments, payable at the start of the offseason. This is the most Miami Heat thing ever.
See More:
