Mike Bibby has agreed to a buyout of his entire 11-12 salary worth $6.2 million and will likely sign with the Heat after clearing waivers.
"He sacrificed some money in order to win a championship," said David Falk, Bibby's agent. "Once you're past 10, 11 years in the league, you want to be in a situation where you can win. He's got some attractive options open to him."
The Lakers, Celtics and Blazers are also interested in Bibby.