The Miami Heat are considering waiving recently acquired forward Simone Fontecchio to avoid tax penalties before the upcoming season. This action would utilize the stretch-and-waive provision, allowing the team to spread out his remaining salary over multiple years. Such a move could lead to 'dead money' for the franchise in the future, suggesting poor previous decision-making, particularly in the context of the Duncan Robinson sign-and-trade. A decision regarding Fontecchio is expected soon, especially with the waiver deadline approaching at the end of the month.
The Miami Heat might waive recently acquired forward Simone Fontecchio to get under the tax before the season, using the stretch-and-waive provision for salary cap relief.
Waiving Fontecchio could create 'dead money' that affects the salary cap over the next few years, complicating the Heat's financial landscape.
The Heat's decision-making on Fontecchio reflects the miscalculation in acquiring him through the Duncan Robinson sign-and-trade, where more strategic options were available.
A decision on Fontecchio is imminent as the NBA's waive-and-stretch provision deadline approaches at the end of the month.
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