Bosh, Wade deny paycuts

Reuters/The Sports Xchange

Posted at Jul 02 2014 12:59 PM | Updated as of Jul 02 2014 08:59 PM

The agent for Miami Heat stars Chris Bosh and Dwyane Wade refuted a report on Tuesday that his clients were prepared to take significant pay cuts, which would free up some salary for general manager Pat Riley to use to improve the roster.

The (Portland) Oregonian had reported Bosh was expected to sign a five-year deal worth $11 million for the first year of the deal while Wade would sign a four-year deal that starts at $12 million for the first season.

But agent Henry Thomas said the report was inaccurate and that both players will be paid more. If that is the case, the Heat will wind up with quite a bit less than the reported $12 million to use on improving the roster.

LeBron James is demanding a maximum contract, which should pay the superstar in the neighborhood of $22 million.

The Heat is expected to target free agent guard Kyle Lowry of Toronto or free agent center Marcin Gortat of Washington.

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The Cleveland Cavaliers reached an agreement with guard Kyrie Irving late Monday night on a contract extension.

The extension is reported to be a max contract allowed under the collective bargaining agreement at five years and $95 million. The new deal begins next year and will run through the 2019-20 season.

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The Atlanta Hawks, Dallas Mavericks and Los Angeles Clippers were busy contacting free agent forward Luol Deng shortly after the beginning of free agency at midnight on Tuesday.

He made it clear that he is not interested in taking a pay cut to join those teams or the Miami Heat.

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Minnesota Timberwolves coach Flip Saunders added son Ryan to his staff as an assistant coach for next season.

Ryan Saunders comes to Minnesota after five years with the Washington Wizards working as an advance scout and in analytics.