Bosh, Miami Heat reach agreement to part ways
- Author: Julie Sanders Jun 03, 2017,
Jun 03, 2017, 8:56
Under the old CBA, a potential Bosh return would saddle the Heat with cap penalties if he played 25 games or more for another team.
Bosh hasn't played since February 9, 2016, and he failed a physical before this season. That time is expected to be fairly soon, with the NBA Draft coming on June 22 followed nine days later by the start of free agency.
Once the formal application for waivers is made by the Heat, the team will immediately drop below the salary cap. This will give them $38 million in cap space this off-season, making them potentially major players in the free agent market. He would need to clear a panel of doctors picked by the NBPA and the league (including the same one who just rules him unfit to play) and present them with sufficient evidence of "materially changed circumstance".
Bosh and the Heat have reportedly reached an agreement where Bosh will be released from the team with no cap hit on the Heat's books.
According to Anthony Chiang of the Palm Beach Post, an National Basketball Association doctor ruled that Bosh's blood clots are too severe for him to safely continue with his National Basketball Association career. Chris Bosh signed a 5 year, $118 million deal back in the Summer of 2014, after LeBron James took his talents back to Cleveland. "It got a little sideways at the end because of feelings and things of that nature".
Heat President Riley hinted at the close of the season, after the Heat finished 41-41 and failed to make the playoffs for the second time in the three series Bosh has been sidelined, that the parties were working toward a resolution.