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Untold costly mistake agent made in acquiring Shaquille O’Neal by Miami Heat

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acquiring shaquille o'neal by miami heat
Shaquille O'Neal at Miami Heat. Photo/NBA.com
  • Acquiring Shaquille O’Neal by Miami Heat from the Los Angeles Lakers was brilliant for Miami Heat
  • However, it was also a costly blunder by an agent
  • It cost $3.35 million but things still worked for Miami Heat

Acquiring Shaquille O’Neal by Miami Heat from the Los Angeles Lakers during the 2004 offseason emerged as a stroke of brilliance for the Heat.

The former MVP’s pivotal contribution played a crucial role in securing the franchise’s first NBA title in 2006, marking O’Neal’s fourth championship.

Teaming up with Dwyane Wade, a three-time Finals MVP, O’Neal showcased exceptional performance as they led the Heat to an unexpected championship victory.

Mistake Made in Acquiring Shaquille O’Neal by Miami Heat

It was an achievement acquiring Shaquille O’Neal by Miami Heat but it could never have materialized if it weren’t for a rookie error made by an agent amounting to $3.35 million.

Miami Heat acquired O’Neal at a reduced price, exchanging Lamar Odom, Caron Butler, Brian Grant, and a future first-round pick to secure the veteran centre.

acquiring shaquille o'neal by miami heat

Shaquille O’Neal. Photo/Fadeaway World

The Lakers’ insistence on acquiring Odom, a key contributor to their consecutive NBA title victories in 2009 and 2010, made his inclusion in the deal crucial.

Nevertheless, his unexpected move to Miami stemmed from an error made by an agent. In 2003, Anthony Carter, the point guard for the Heat, was in the last year of his contract with the team, which included a $4.1 million player option.

With modest statistics of 4.1 points, 4.1 assists, and 2.5 rebounds per game the previous season, Carter wasn’t anticipated to attract significant offers.

The NBA’s deadline for players to opt into the final year of their contracts falls on June 30. However, Carter’s agent failed to meet this deadline, resulting in his client becoming a free agent.

This oversight provided the Heat with financial flexibility, allowing them to extend a lucrative six-year, $65 million contract offer to Lamar Odom, who was a restricted free agent at the time.

Subsequently, the Heat traded Odom to the Lakers in exchange for O’Neal, a move that proved instrumental in Miami securing their inaugural championship title.

Shaquille O’Neal’s time at the Miami Heat was highly successful. Despite being in his later years, Shaq averaged 17.8 points per game during his 4 seasons with the Heat, showcasing his ability to score inside the paint.

He pulled down an impressive 10.2 rebounds per game, solidifying the Heat’s dominance on the boards. His presence in the paint deterred opponents and helped the Heat improve their defensive efficiency.

What Happened to Antony Carter?

Following a huge error by his agent, Carter missed out on a substantial contract and was compelled to accept a $750,000 deal with the San Antonio Spurs.

Despite his departure from the Heat, Carter continued his NBA career for eight additional years, accumulating a modest $7.2 million in earnings.

To rectify the agent’s costly mistake, which had cost Carter $3.35 million in 2004, payments were made to the former Heat player in 18 instalments spanning from 2003 to 2020.

acquiring shaquille o'neal by miami heat

Former Miami Heat player Antony Carter. PHoto/NBC Sports

The agent’s failure to communicate Carter’s desire to opt into the final year of his contract with the Heat significantly altered NBA history.

Shaquille O’Neal talked about the significance of this minute oversight by sharing a video detailing the sequence of events on his Instagram page, emphasizing how it ultimately contributed to another championship on his illustrious record.

When Did Antony Carter Retire?

Carter concluded his NBA career in 2012 and transitioned to coaching. He served on the Sacramento Kings’ coaching staff for the 2015-16 season before rejoining the Heat in 2018 in a player development capacity.

After five years with the franchise, he moved on to become an assistant coach with the Memphis Grizzlies.

Meanwhile, Odom’s tenure with the Heat lasted only one year before he was traded to Los Angeles as the primary asset in the deal for O’Neal.

Spending seven seasons with the Lakers, Odom endeared himself to fans and played a big role in the team’s two NBA championship victories.

Ultimately, Carter’s agent’s blunder proved advantageous for Odom and O’Neal, while Carter himself suffered a loss of $3.35 million and potentially some future clients.

Teresa is a journalist with years of experience in creating web content. She is a wanderlust at heart, but an outgoing sports writer with focus on tennis, athletics, football, motorsports and NBA.

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