Heat, Chris Bosh Reach Agreement To Part Ways

The Heat and Chris Bosh have reached a unique agreement that will relinquish his salary from the team’s cap space before free agency but will also allow him to play again in the league, sources tell Barry Jackson of The Miami Herald. Jackson cautions that the agreement, which came together earlier this month, is not official just yet. He adds that an announcement is expected before the start of free agency.

Bosh has been telling people about the agreement and he’s pleased with the terms, Jackson hears. The scribe adds that the terms have reached the highest level of the league’s office. Bosh was cooperative throughout the process and his departure from Miami will be amicable. He previously expressed discontent with the organization, but the two sides are now on the same page.

The deal would permanently remove Bosh’s cap figure, which was set to be an approximate $52.1MM over the next two years, from Miami’s books. The figure would remain off of the team’s books even if Bosh resumes playing again for another franchise because of a change in the new CBA that allows for a medical panel to rule whether or not Bosh would be a risk should he resume his career.

The Lakers would be a possibility for Bosh should he make it back to the league, Jackson speculates. Bosh spends his summers in L.A. and the team’s new GM Rob Pelinka is his former agent. The two-time NBA champions previously said he intends to play again, though it’s unclear if any team will allow him on the court while he’s taking blood thinners for his medical issues.

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