Bosh has unofficially agreed to part ways with the Heat in a deal made between him, the team, the union and the NBA, Barry Jackson of the Miami Herald reports. The Heat would receive "maximum cap relief" before the start of free agency.
The deal, while still unofficial, seems all but done. Once everything is sorted out, the Heat will permanently clear Bosh's remaining $52.1 million salary off the books, even if he resumes his career elsewhere. The 33-year-old hasn't taken the floor during the past season and a half due to blood clot episodes, for which he remains on blood thinners. He last played during the 2015 season, where he averaged 19.1 points and 7.4 rebounds while playing 53 games. It's unknown at this time if he will officially retire soon, but he worked as a guest studio analyst for Turner sports for a period of five weeks during this past season -- seemingly testing the waters outside of his playing career.