Report: Heat, Bosh agree to part ways
The Miami Heat, in conjunction with the NBPA, have tentatively agreed to part ways with former All-Star power forward Chris Bosh after the 33-year-old sat out the entire 2016-17 season with blood clots, sources told ESPN's Brian Windhorst.
Bosh and his family, agents, and lawyers are reportedly still reviewing documents before the process can move forward.
The 6-foot-11 big man will still be guaranteed both his $25.3-million salary for next season and his $26.8-million salary for 2018-19, with insurance covering a significant portion of the payments, according to Windhorst.
Reports surfaced Tuesday that Bosh was working toward a solution that would combine elements of both the old and new CBA, and allow Miami to permanently remove Bosh's cap hit from its books.
Under the old agreement, Bosh's salary could've been re-added to the Heat's books if he played at least 25 games with a new team next season. Under the new CBA, an independent panel can determine whether a player is medically unfit to play.
With Bosh's salary off their books, the Heat will have approximately $37 million in cap space this summer.
Bosh appeared in 53 games for the Heat in 2015-16, averaging 19.1 points, 7.4 rebounds, 2.4 assists, and 0.7 steals on 46.7 percent shooting.