Overview
- Wiggins exercised his $30.2 million player option and agreed to a two-year extension that together create a three-year, $64 million arrangement that includes a 2028-29 player option, sources reported Monday.
- The reported deal spreads salary downward in 2027-28 and 2028-29, with those years listed around $16.5 million and $17.5 million, producing immediate savings against Miami’s luxury-tax calculations.
- Keeping Wiggins secures a wing who averaged about 15.4 points and 4.8 rebounds last season and who posted career-best shooting splits while drawing praise from coach Erik Spoelstra for his defensive versatility.
- The contract move is timed to fit the Heat’s roster plan around Bam Adebayo and the widely reported acquisition of Giannis Antetokounmpo, a trade that cannot be made official until the July 6 cap calendar opens.
- Because the Antetokounmpo transaction creates a tax-apron hard cap, Miami now faces constrained spending power and will use Wiggins’s restructured deal to help avoid punitive repeater luxury-tax penalties and to clear limited room to finish the 2026-27 roster.