Bosh clears waivers, becomes UFA

Chris Bosh is back on the open market.

The former Miami Heat big man officially became an unrestricted free agent Thursday after clearing waivers.

Bosh was released Tuesday after battling blood clots over the last two years. Miami announced it would retire Bosh's jersey, ensuring no other player in Heat history dons his No. 1.

Miami will save approximately $25 million in cap space for each of the next two seasons as a result of the move. Bosh will still get paid the remaining $52.1 million of his contract, with insurance reportedly covering a "substantial chunk" of the payments, according to Ira Winderman of the South Florida Sun Sentinel.

It remains to be seen whether any team will consider signing the 6-foot-11 former All-Star given his health history.

The 33-year-old last appeared in an NBA game during the 2015-16 season, when he averaged 19.1 points, 7.4 rebounds, and 2.4 assists in 53 games.