In the few days leading up to the draft, there is much confusion about not only what each team needs, but what each team will actually do. Surrounding all this clout, are rumors swirling of trades and possible moves, but its too early to tell what is for real and what is just chatter.
Last evening, the Miami Heat wanted to clear up cap space for free agency and the Oklahoma City Thunder wanted 3-point help. They worked a deal that included Miami's Daequan Cook (a career 35.8% shooter from behind the arc) and the 18th overall pick for the Thunder's 32nd pick, a move that will save the Heat $2.2 million next season, but also the $1.2 million in a salary-cap hold for the 18th selection. Currently, the Heat have four 2nd Round picks, so more dealing is expected to clear up cap space, but also to keep star guard and potential free agent Dwayne Wade, but also to make room for a potential free agent signing of a big man to South Beach like Chris Bosh or Amare Stoudemire.
The latest rumor is that the Miami Heat are working on buying out the contract of James Jones. Jones has $15.5 million left on his contract running through 2012-2113 season. Those final 3 seasons of his contract are only partially garunteed if the Heat waive Jones before June 30th.