Waiters agrees to deal with Miami

For those casual NBA critics you run into occasionally – particularly the ones who finally have come off their hackneyed “no one plays defense” or “the regular season means nothing” salvos, only to replace them this summer by grumbling about the flood of TV money and overpaid mediocre players – we offer: Dion Waiters.

Waiters, a shooting guard who already was an object of bemusement for some NBA reporters on social media, appears to be adding another chapter. The Miami Heat have signed Waiters, who most recently played for Oklahoma City, to a reported two-year contract worth around $6 million.

Mediocre? Overpaid? Not in this instance. If the reported salary is correct, Waiters will play in 2016-17 for less than he was paid last season and not even half what he could have gotten by re-signing with the Thunder. But Waiters’ inconsistent play, and the gap between his skills and his perception of those skills, apparently meant less of a market for a guy who was the No. 4 pick overall in 2012. Waiters averaged a career-worst 9.8 points while shooting 39.9 percent and continuing a career-long trend as a minus player in net rating (99/108 in 2015-16).

Here is some context from Anthony Slater of the Daily Oklahoman, including details on why the Thunder pulled their qualifying offer to Waiters:

The number is eye-popping. Waiters is a 24-year-old shooting guard who, despite his flaws, showed decent ability on both ends of the floor deep into the playoffs this past season. Many speculated that Waiters would get $10 million or more per year in this seller’s market.

But his restricted free [agency] dragged on deep into July. The Victor Oladipo trade last month, combined with the Kevin Durant departure, allowed the Thunder to take a new direction. After signing Alex Abrines, OKC had little interest in bringing Waiters back. So the Thunder rescinded a qualifying offer last week that, if Waiters accepted it, would’ve made him $6.8 million next season.

He then became an unrestricted free agent and, apparently, there wasn’t much interest out there despite available money from teams like the Nets and Sixers. So Waiters has agreed to a short-term, bet-on-yourself, pay-cut deal with the Heat.

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