As Wojnarowski explains (via Twitter), Harkless passed up on more lucrative offers for an opportunity to play a regular role for the defending Eastern champions and intends to re-enter the market in 2021 when more league-wide cap room is available.
Harkless, 27, began the 2019/20 season with the Clippers and was a regular starter during his first 50 games in Los Angeles. He was traded to the Knicks in a deadline deal.
In 62 overall games, Harkless averaged 5.8 PPG and 3.9 RPG on .502/.347/.591 in 23.0 minutes per contest. He’s considered a solid perimeter defender, though his three-point shot comes and goes — he has a career rate of just 32.5% from beyond the arc.
Miami will likely slide Harkless into the rotation role vacated by Derrick Jones, who has agreed to sign with Portland.
The Heat intend to use the bi-annual exception (worth $3.623MM) to sign Harkless, tweets Tim Reynolds of The Associated Press. That would hard-cap Miami for the season at $138.93MM. The one-year commitment will allow the franchise to retain its cap flexibility for 2021.