Chris Bosh, the Miami Heat and the players' association have tentatively agreed to a resolution that would allow all parties to move on.
The sides have been discussing a resolution to Bosh's situation since last fall.
Bosh is guaranteed $52 million over the next two seasons, though a significant portion of that is covered by insurance. Bosh has remained on Miami's salary cap, which has limited their ability to replace him.
The Heat will end up with between $14 million and $37 million in cap room, depending on player options, team options and waivers decisions.
A special agreement has been necessary since the NBA is between two collective bargaining agreements.
Under the new CBA, a panel of doctors selected by the league and the association would determine whether a player with a potentially life-threatening medical condition would be cleared to play.