Published: Wed, May 24, 2017
Sport | By Gary Shelton

Miami Heat, Chris Bosh agree to part ways in coming weeks

Miami Heat, Chris Bosh agree to part ways in coming weeks

The South Florida Sun-Sentinel's Ira Winderman reported today that the Miami Heat and Chris Bosh are "moving close on a resolution" that will allow the Heat to waive Bosh and remove his salary from the Heat's payroll. Whether or not the cap number, which would be almost $25.3 million in 2017-18 and just over $26.8 million in 2018-19, would return to the Heat's books would depend Bosh's ability to return to the court. An agreement that assures the Heat will get permanent salary cap relief without having to worry about Bosh's salary returning to the team.

Bosh's remaining salary (more than $50 million) is guaranteed, and most of it will be paid by insurance.

The sides have been at odds because Bosh has shown an interest in playing, while the Heat didn't want him to play because they didn't want his salary to count against their salary cap.

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The Heat had the right to apply to exclude Bosh's salary from their salary cap as soon as February 9, the one-year anniversary from his last game played. Under the CBA that's set to expire June 30th, had Bosh returned to play at any time, his salary would've immediately returned to the Heat's books once he played in 25 games.

Bosh has made his intentions to continue playing basketball known, but the Heat doctors and staff were not willing to let him play.

The New CBA, which begins on July 1st, prevents that possibility from happening. He has not played for the Heat since the 2015-16 season and now, it seems, he likely won't do so again.

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