Actually, it doesn't. All this really does is give Bosh and James the 6 year deal with the 10.5% increases. The Heat only owned Bird Rights on Dwyane Wade and Joel Anthony (I think, not 100% sure). They still have to absorb James and Bosh's salaries (ie, they have to renounce to all of their free agents). They can't exceed the cap to sign Haslem and won't have the MLE to use. Since everybody is taking a paycut, it doesn open up more salary for the Heat to give to Haslem though, but they still don't have his Bird Rights because they need to be far enough under the cap to absorb the incoming salaries from Bosh and James. Haslem is going to have to still take a decent paycut in order to stay in Miami though, unless James, Wade and Bosh all sign for like $13-14M a season or something, which would give them around $6M to use on Haslem (I think, not 100% sure). Also, the Miller signing is possible because of the Beasley trade. They basically used the salary that Beasley would've made plus a bit of left over cap (from all three taking around a $800K paycut) and gave it to Miller. Again, I'm not 100% sure about this, but I think that is what happened with that signing. I could obviously be wrong, but I am fairly certain that the Heat still won't have Bird Rights on anybody and won't have the MLE to use just because of these S&T's as it basically the exact same as a signing except for the formality of getting the players the 6 years. There is now salary being outputted and is basically a glorified signing for the Heat.