The Miami Heat could have approximately $50 million in cap space next offseason.

LeBron James, Chris Bosh and Dwyane Wade all have opt-out clauses in their contracts, representing $61 million in salary for 14-15. All three could opt out to assure more guaranteed years at the maximum allowed under the CBA, but they also could structure their deals in a way that allows the Heat more flexibility.

Mario Chalmers, Shane Battier, Ray Allen, James Jones and Rashard Lewis are all entering the final season of their current contracts.

Udonis Haslem, Joel Anthony and Chris Andersen have player options for next season.

Using their amnesty provision on Mike Miller allowed the Heat to save on the luxury tax while also clearing cap space for the future.

The $50 million estimate assumes Haslem, Anthony and Andersen don't become free agency and the Heat pick up their option on Norris Cole's rookie contract.

James and Bosh figure to be recruited by other teams, but they could add a fourth big name player if they all take significantly less. Wade has already expressed a willingness to take the biggest pay cut to create cap space for teammates.

The cap holds for James, Bosh and Wade would be larger than their reduced salaries under that scenario.