Monday , Mar , 03 , 2008 C.Y. Ellis

Smush Parker Rejects Pat Riley’s Offer

The Heat and guard Smush Parker remain at a stalemate over a contract buyout after Parker rejected the Heat’s latest offer, coach Pat Riley said Sunday. The Heat and Parker had until 11:59 p.m. Saturday to reach a deal to release Parker which would have allowed him to be eligible for the playoffs had he cleared waivers and re-signed with another team. Riley said the NBA players association has been in the role of mediator between the Heat and Parker, who has been kept away from the team since his Nov. 27 altercation with a valet attendant.

The Heat tried to trade Parker before the Feb. 21 trading deadline. He signed a two-year, $4.6 million contract with the Heat last summer that includes a $2.5 million player option for next season. Parker is believed to be seeking a buyout that includes most or all of the money due next season. The Heat is reluctant to complete a buyout that would count against its salary cap next season. ‘An offer was made and they turned it down — a very good offer,’ Riley said. Click here for more from the Miami Herald.