As a matter of perspective of what the Heat could be bidding against, the full mid-level exception for next season is $8.4 million and the bi-annual exception, which the Heat could utilize with Reed, will be $3.3 million (which is allowed to be utilized after the Heat have otherwise spent to the salary cap). There also is a $5.2 million mid-level exception for teams operating above the luxury tax and a $4.3 million mid-level exception for teams that first will utilize cap space (another mechanism the Heat could possibly utilize with Reed).