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Report: Heat clear more cap space, send Beasley to Minnesota

Basketball Betting Lines

07/09/2010 - Miami, FL (Sportsbook Betting Lines) - The Miami Heat have apparently sent the No. 2 overall pick in the 2008 NBA Draft, Michael Beasley, to the Minnesota Timberwolves for a 2011 second-round pick and a swap of future first-round picks.

The Sun-Sentinel reported the move late Thursday, hours after superstar LeBron James made his decision to join fellow free agents Dwyane Wade and Chris Bosh in signing contracts with the Heat.

The expected dealing of Beasley clears up $4.9 million in cap space in order to sign the trio. With this trade, the Heat officially have only one player on their roster - guard Mario Chalmers.

The league's salary cap is set at around $58 million, meaning once the Heat sign the big three, they will likely have to offer minimum salary deals to other free agents to fill out the roster.

Beasley, who last offseason spent time in the NBA's substance abuse program to address concerns over his mental state and drug abuse, was a highly-touted product coming out of Kansas State in 2008.

However, the 6-foot-10, 235-pound forward has put up pedestrian numbers thus far, averaging 14.3 points and 5.9 rebounds over 159 games for Miami.

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