2:24pm: The Heat have officially confirmed the signing in a press release.
10:40am: Andersen will receive the maximum allowable raise via the Non-Bird exception, according to Chris Tomasson of FOX Sports Florida. That means a first-year salary of $1.68MM (120% of the minimum), and a second-year player option worth about $1.75MM. The overall value of Andersen’s deal will be $3,434,389, by my math.
WEDNESDAY, 10:24am: Andersen’s deal will actually be for two years, with a second-year player option, according to Jared Zwerling of ESPNNewYork.com (via Twitter).
TUESDAY, 7:18pm: Free agent center Chris Andersen will re-sign with the Heat, according to Yahoo! NBA reporter Adrian Wojnarowski. It’s a one-year deal for the 35-year-old center, who joined Miami last season and was a major factor in their playoff run to a second straight championship.
An 11-year veteran, Andersen averaged 4.9PPG and 4.1RPG during the regular season with Miami last year, providing energy off the bench and a solid presence on the glass. In the playoffs he made 80.7% of his 57 shot attempts, which led all players.