Justise Winslow, Heat Agree to 3-Year, $39 Million Contract Extension

Joseph Zucker@@JosephZuckerFeatured ColumnistOctober 13, 2018

Miami Heat's Justise Winslow in action during the first half in Game 2 of a first-round NBA basketball playoff series against the Philadelphia 76ers, Monday, April 16, 2018, in Philadelphia. The Heat won 113-103. (AP Photo/Chris Szagola)
Chris Szagola/Associated Press

The Miami Heat agreed to a three-year, $39 million contract extension with Justise Winslow, ESPN.com's Adrian Wojnarowski reported Friday.

Prior to hammering out his new deal with the Heat, Winslow could've become a restricted free agent following the 2018-19 season. Wojnarowski noted the two sides had until Monday to finalize the extension.

The Athletic's Shams Charania reported the third year of the deal is a team option.

The fact Miami would give Winslow a new contract now could be instructive regarding the team's other priorities.

The Miami Herald's Anthony Chiang and Barry Jackson reported in September that Winslow could be among the Heat players included in a trade for Jimmy Butler.

According to Wojnarowski, Miami and the Minnesota Timberwolves had discussed a deal that involved Josh Richardson going to the Timberwolves. The Heat backed away when Minnesota "pushed late for a sweeter return."

Whether he would've been part of the Butler package or not, trading Winslow is more difficult now.

Sean Highkin @highkin

If my math is correct, Justise Winslow will now count as $10.6 million in outgoing salary if he's traded during the season -- the average of his current salary ($3.4m) and his annual salary under the extension ($13m). Could still be included in a Butler trade, but harder now.

Bobby Marks @BobbyMarks42

The rookie extension for Justise Winslow now comes with the poison pill provision. Although Winslow can still be traded, the restriction makes it extremely difficult during the 2018-19 season. For trade purposes, the Winslow salary would count as $10.6M... https://t.co/4P9tzO61iL

Considering both his performance and the Heat's payroll, the fact Miami would offer Winslow $13 million annually is somewhat surprising.

Tim Reynolds @ByTimReynolds

As currently constructed, Heat have $135 million committed in contracts for 10 players for the 2019-20 season.

The 22-year-old is coming off his best season in the NBA. He averaged 11.3 points, 7.9 rebounds, 3.2 assists and 1.2 steals per 36 minutes, according to Basketball Reference

Winslow's shooting offered a lot of encouragement. After hitting just 25.8 percent of his three-pointers through his first two years, he was a 38.0 percent shooter from beyond the arc in 2017-18. By improving as a shooter, Winslow becomes a more versatile forward, capable of lining up as a small-ball stretch 4.

Miami is taking a leap of faith with the 2015 first-round pick to some extent. Just once in three years has he appeared in at least 70 games, and one good year doesn't entirely erase what had been an underwhelming start to his career.

But Winslow's extension essentially amounts to a two-year commitment if things don't work out, which won't put a serious strain on the Heat financially.

The terms also work out well for Winslow, who can return to free agency when he's 24 or 25.