7:35pm: Camby's three finalists are the Heat, Rockets, and Bulls, sources tell Chris Tomasson of FOX Sports (on Twitter).
4:19pm: Marcus Camby has cleared waivers and is now officially a free agent, according to Chris Tomasson of FOX Sports (via Twitter). The waivers process was more or less a formality as no one was expected to claim him following his buyout from Toronto.
The Heat are among the teams with interest in the veteran center along with the Rockets and Bulls. The Clippers were believed to have interest as well, but that notion was shot down last last week. The shot-blocking big man has impressed in recent years with his tremendous rebounding but played in just 24 games for the Knicks last season.
His recently-terminated deal called for him to earn $7.5MM between next season and 2014/15. Camby apparently wants to play for a couple more years before transitioning into coaching.