Summary
In the early years of the post-Lebron era, things were not looking good for Kevin Love. He was on a bad team, and on a bad contract that wasn't seen as being tradeable due to the decline in his game as he aged into his thirties. It seemed like his career was wasting away. Then, things turned around in '21-'22, as Love was a meaningful contributor on a Cavs team that nearly made the playoffs, and he finished 2nd in 6th Man of the Year voting. He fell out of favor in the next season but found a home in Miami, even being a contributor during their 2023 Finals run. 

Love has never been a great athlete, but has been able to be an effective offensive player through his shooting and passing ability. In his early days, he was also a beast on the offensive glass, but now that he spends most of his time on the perimeter his offensive rebounding numbers have plummeted to the point they are almost nonexistent. 

Love is a real pick-and-pop threat, hitting 39% on 3-pointers in '21-'22 and 37% for his career. However, he has struggled the past couple seasons, hitting just 34%.

Love also has added the deep three to his game, so he can provide some real spacing beyond the 3-point line. He's not a threat off-the-dribble and really struggles to finish at the rim, but he can attack a hard closeout and make the right play. He has the pump-fake side-dribble 3 in his game as well. He can also facilitate from up top due to his passing skills and good vision. 

Love played most of his minutes during the '21-'22 season at center, partly because he can't defend on the perimeter, and he split time almost evenly between center and power forward in '22-'23. However, he doesn't protect the rim either, so playing him at center has its foibles as well. According to Cleaning the Glass, the Cavs had a +5.3 net rating with Love at power forward and a -1.5 net rating with him at center in '21-'22, and they continued to be better with him at power forward in '22-'23. He has essentially exclusively played power forward since joining the Heat.

The Cavs had multiple rim protecting bigs in Jarrett Allen and Evan Mobley that could play next to Love. At power forward, it's a little bit easier to find the forward that is the least of a threat on offense and just hide him on that player. That becomes even easier when Love is mostly playing against second units. While Love's offensive rebounding rate has vastly declined compared to his early years, he still rebounds really well on the defensive end.

Love will be a 35 year-old free agent nearing age 36 when he could potential hit free agency in 2024, so I doubt he will get any long-term offers. He had some decent playoffs moments for the Heat in their Finals run, but was also in and out of the lineup at times.
 
Cap Considerations
Love has a $3.9 million player option for '24-'25, and if he opts out he will be an unrestricted free agent with a $4.8 million cap hold and Early Bird rights. Since the Heat will be operating over the salary cap, they will retain Love's Early Bird rights until he is re-signed or signs elsewhere. The Heat could offer Love a starting salary of up to 5% more than the average salary (likely around $13 million) using the Early Bird exception, which will be more than enough should they wish to bring him back.

Other teams will have multiple ways to sign Love as even teams without cap space could use the Non-Taxpayer MLE, Room MLE, or possibly even the Taxpayer MLE or Bi-Annual Exception to sign him. It's unlikely that Love would opt out and settle for the minimum, but it's possible if it's the right situation.