WEDNESDAY, 10:03am: The Heat have officially announced Lewis' signing in a press release.
TUESDAY, 4:06pm: Lewis and the Heat have reached an agreement on the two-year deal, tweets Marc J. Spears.
4:02pm: Lewis' deal with the Heat will be for two years with a second-year player option, reports Marc J. Spears of Yahoo! Sports (via Twitter). Because it would be a minimum-salary deal, the option could only be for the veteran's minimum as well.
3:55pm: The Heat are on the verge of getting a commitment from Rashard Lewis, tweets Brian Windhorst of ESPN.com. Chris Tomasson of FOX Sports Florida first tweeted that he was hearing it was "very likely" Lewis would accept Miami's offer, which will be for the veteran's minimum.
Having already added Ray Allen to a roster coming off an NBA championship, the Heat have been pursuing Lewis since he was bought out by the Hornets a week and a half ago. Lewis will still be paid about $13MM+ by New Orleans this year, so money wasn't expected to be the deciding factor when he decided where to sign as a free agent.
Because Lewis has played in the league for more than 10 years, he'll be eligible for a one-year salary worth about $1.35MM from the Heat.