Norman Powell was named an All-Star for the first time this season at age 32. He averaged 21.7 points per game for the Miami Heat while shooting 38 percent from three-point range — production that placed him among the league’s most reliable perimeter scorers and represented the culmination of a decade of quiet, steady development. Now Powell is a free agent, and the Heat face the same dilemma they have faced repeatedly in recent years: how to keep a valuable piece while managing a payroll already stretched thin. His ranking at No. 10 among all free agents reflects his genuine market status.

Powell, who won a championship with the Toronto Raptors in 2019, has earned a raise. His current $20.5 million salary is already a fair reflection of his value, but an All-Star season changes the conversation. Teams rebuilding around young guards — the Lakers, Bulls, and Nets all qualify — would view a two-year commitment to Powell in the $22–25 million range as a credible use of cap space. Miami can retain him by starting negotiations above market rate, which is complicated given the franchise’s tax sensitivities.

Andrew Wiggins, the other notable Heat free agent, presents a different calculation. The 31-year-old two-way wing holds a $30.2 million player option and must decide whether to opt in — securing the guarantee — or opt out to explore the market in 2026. The most likely outcome, per the Bleacher Report rankings, is that Wiggins opts in and defers his free agency to the 2027 summer, when a younger free-agent class might give him more leverage. If he does opt out, the Lakers and Bulls would both have interest.

Simone Fontecchio, a 6’7″ bench scorer acquired from Detroit, shot 37.5 percent from three in his first year in Miami. He is 30 years old and has legitimate options in the EuroLeague if the NBA market undervalues him. The Heat could retain him on a modest deal as perimeter depth, but Fontecchio’s market will be competitive.

The Heat’s broader challenge is roster construction without a transcendent superstar. Jimmy Butler is in Golden State. Bam Adebayo remains the franchise anchor. Powell was supposed to be the star alongside Adebayo — and for one season, that combination worked. Keeping it intact is the most important priority of the offseason.

Player	2025-26 Salary	Rights	Status
Norman Powell	$20.5M	Full	UFA — re-sign priority
Andrew Wiggins	$28.2M	$30.2M player option	Likely opts in
Simone Fontecchio	$8.3M	Full	UFA

Miami must re-sign Norman Powell. He is the best player available to them this summer who can score at the volume needed to take pressure off Bam Adebayo, and his All-Star campaign proves that his production is sustainable, not a fluke. Offer him two years at $23 million annually, accept the modest luxury tax implications, and rebuild the identity of this team around the Adebayo-Powell partnership for the next two seasons.