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Latest Report: Miami Heat And Chris Bosh Reach Agreement To Part Ways

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After more than 1 year, Miami Heat and Chris Bosh reached an agreement that will waive his salary from the team's cap space before free agency and that will allow him to play again in the NBA, according to Barry Jackson of the Miami Herald.

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.

Chris Bosh has told family members that an agreement has been struck among the NBA, the Heat, the union and himself for Bosh to part ways with the Heat at some point in the coming weeks, with the Heat receiving maximum cap relief, an NBA-employed source said in early May and reiterated Tuesday.

The source said in early May that Bosh had reached a unique agreement that would purge him from the Heat’s cap before the start of free agency but also give him the opportunity to play again, if he chose, without salary-cap consequences for the Heat.

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According to the Hoops Rumors, this deal will remain off of the team' salary book even if Bosh signs with another team.

The deal would permanently remove Bosh’s cap figure, which was set to be an approximate $52.1MM, 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.

If he decides to play again (if doctors allow him), it will be very interesting to see his new destination.

He can help Boston Celtics or he can maybe play once again with LeBron James or Dwyane Wade. The best destination for Chris Bosh will be Toronto Raptors, so he can finish career there.