3rdCoast
06-17-2005, 06:21 PM
LINK (http://www.sun-sentinel.com/sports/sfl-finalsnotes17jun17,0,7339063.story?coll=sfla-sports-headlines)
Heat gives O'Neal more time
By Ira Winderman
Staff Writer
Posted June 17 2005
AUBURN HILLS, Mich. · Already with time on its hands after missing out on these NBA Finals, the Heat now has additional time when it comes to the contract status of center Shaquille O'Neal.
Holding an option for $30.6 million for next season, O'Neal initially had to notify the Heat of his decision a week before the draft, which would have been this coming Tuesday.
advertisement
advertisement
However, agent Perry Rogers and the Heat have extended that limit to June 30, which is typical of most option deadlines. O'Neal only has to inform the Heat if he plans to opt out.
Either way, O'Neal is seeking a multi-year deal with the Heat, with a lengthier contract available by opting out, becoming a free agent on July 1, and then re-signing. With no other team able to offer more than about $15 million, it has been accepted as a given that O'Neal will remain with the Heat.
Still, that did not stop Phil Jackson, upon this week's return as Lakers coach, from joking about the possibilities of a reunion with the center who helped him win three titles in his first go-round in Los Angeles.
"We're aware of where he's at," Jackson said. "It's beyond the possibility in my mind's eye, but it's there."
Heat President Pat Riley, speaking on 790 The Ticket (WAXY-AM), said his center is entrenched in South Florida.
"I can't see anything else but him [in] a uniform next season, unless there's a lockout for the whole year," Riley said. "One way or the other, he is going to be in a Heat uniform.
"At least we have that understanding ... and he wants to be here."
Rogers declined to say whether a potential July 1 lockout would impact O'Neal's decision with the option year. Should O'Neal opt out, he would not be able to re-sign with the Heat until a new labor agreement is reached, which both the league and union say could be a lengthy process.
Heat gives O'Neal more time
By Ira Winderman
Staff Writer
Posted June 17 2005
AUBURN HILLS, Mich. · Already with time on its hands after missing out on these NBA Finals, the Heat now has additional time when it comes to the contract status of center Shaquille O'Neal.
Holding an option for $30.6 million for next season, O'Neal initially had to notify the Heat of his decision a week before the draft, which would have been this coming Tuesday.
advertisement
advertisement
However, agent Perry Rogers and the Heat have extended that limit to June 30, which is typical of most option deadlines. O'Neal only has to inform the Heat if he plans to opt out.
Either way, O'Neal is seeking a multi-year deal with the Heat, with a lengthier contract available by opting out, becoming a free agent on July 1, and then re-signing. With no other team able to offer more than about $15 million, it has been accepted as a given that O'Neal will remain with the Heat.
Still, that did not stop Phil Jackson, upon this week's return as Lakers coach, from joking about the possibilities of a reunion with the center who helped him win three titles in his first go-round in Los Angeles.
"We're aware of where he's at," Jackson said. "It's beyond the possibility in my mind's eye, but it's there."
Heat President Pat Riley, speaking on 790 The Ticket (WAXY-AM), said his center is entrenched in South Florida.
"I can't see anything else but him [in] a uniform next season, unless there's a lockout for the whole year," Riley said. "One way or the other, he is going to be in a Heat uniform.
"At least we have that understanding ... and he wants to be here."
Rogers declined to say whether a potential July 1 lockout would impact O'Neal's decision with the option year. Should O'Neal opt out, he would not be able to re-sign with the Heat until a new labor agreement is reached, which both the league and union say could be a lengthy process.