Having carried him on their 15-man roster all season long, the Heat have had a clear financial incentive to wait on waiving Chris Bosh. By postponing their decision until February 9, the team will be able to remove his current and future cap hits from their books (despite still being on the hook for his full salary).
While Miami is eligible to remove Bosh from their payroll as of next Thursday, the organization is believed to be leaning toward further delaying the process, according to a report from Barry Jackson of the Miami Herald.
Per Jackson’s report, the team doesn’t want to risk Bosh signing elsewhere and appearing in 25 games, at which point his salary would go back on Miami’s cap. By waiting until March 1 to waive Bosh, the team would eliminate the possibility of him making 25 appearances in 2016/17, since players signed after March 1 aren’t eligible to participate in playoff games.
Of course, there appears to be little risk of Bosh attempting a comeback this season. Back in the fall, the 11-time All-Star vowed to continue his efforts to return to the court, but he currently has no plans to play this season, and isn’t sure if he wants to attempt a comeback down the road, a Bosh associate tells Jackson. It’s also not certain whether he’ll ever be medically cleared to play, due to his blood-clot issues.
Bosh currently isn’t in basketball shape, and suggested in a January interview with The Associated Press that he’s “getting the taste of retirement.” The veteran big man did hire a new agent – Rob Pelinka – in 2016. However, Jackson notes that Bosh chose Pelinka because he’s also capable of finding the 32-year-old opportunities outside of basketball, in the event that he doesn’t play again.
Now in the third year of a five-year, $118.7MM contract, Bosh has played in a combined 97 games over the past two seasons.