Even with Carlos Arroyo signing a $1.1 million contract that isn't guaranteed unless he's on the team beyond Jan. 10, Heat president Pat Riley remains committed to reducing or eliminating Miami's potential luxury tax bill by the trading deadline in late February.

The Heat was operating about $3 million above the tax threshold on payrolls that exceed $69.9 million.

Via Miami Herald

Miami Heat

Read the Full Story Discuss Send Feedback Buy Tickets