It appears that the NBA Players Union are now part of the agreement, per a report from ESPN’s Brian Windhorst on Wednesday:
“The Miami Heat, Chris Bosh and the players’ union have tentatively agreed to a resolution that would allow all parties to move on, sources told ESPN on Wednesday.”
Chris Bosh and the Miami Heat have reached an agreement that will allow the two sides to part ways in the coming weeks, according to a report from the Miami Herald.
Bosh did not play last season because of health concerns and missed the second half of the previous two seasons because of multiple blood clot-related issues. The Sun Sentinel reported earlier Tuesday that Bosh and the Heat were working on a resolution that “bridges aspects of the collective bargaining agreement that expires June 30 and the one that goes into place on July 1.”
Under the current CBA, a Bosh return could have reinstated his salary cap hit to the Heat’s books over the remaining term of his contract, which is roughly $52 million over the next two years. But under the CBA that takes effect on July 1, once a medical panel agrees it is no longer safe for Bosh to continue his career, there is no longer a risk of Bosh’s salary hitting the Heat’s ledger.
Although Bosh previously maintained he was healthy enough to return to action for Miami before the 2016-17 season without creating a medical risk to himself, he failed his preseason physical. He has not played for the Heat since the 2015-16 season and now, it seems, he likely won’t do so again.
A timely resolution between Bosh and the Heat is beneficial for both parties in order to provide clarity to Miami as it prepares for the June 22 draft, and gives the Heat a more concrete understanding of their current cap situation and flexibility. It will greatly impact how the team approaches free agency negotiations beginning July 1, and also afford Bosh the opportunity to pursue opportunities elsewhere without salary cap consequences.