After signing veteran center Jamaal Magloire, the Heat have turned their attention towards adding a point guard to their roster, according to Miami Herald.

Miami was among several teams that visited Chicago recently to view a workout by free agent guard Shaun Livingston.

Pat Riley also said this week that the Heat remain in negotiations with restricted free agent Chris Quinn, who had been extended a one-year, $1 million qualifying offer this summer.

The Heat have agreed to terms on a contract with free agent center Jamaal Magloire, according to South Florida Sun-Sentinel.

The terms of the deal were not immediately available, but team President Pat Riley said earlier on Friday that the team was looking for a player willing to take the veteran's minimum.

Jamaal Magloire appears to be the most likely option for the Heat in their search to find a big man, according to South Florida Sun-Sentinel.

Word out of Southern Florida is that Magloire is the front-runner in a race that also includes D.J. Mbenga and Lorenzen Wright.

Jerry West and Magic Johnson will present legendary Coach Pat Riley for induction into the Basketball Hall of Fame next week, according to South Florida Sun-Sentinel.

Johnson helped guide Riley's Lakers to four NBA championships while West paved the way for Pat to serve on the bench in Los Angeles.

By rule, only a member of the Hall of Fame can introduce a member for enshrinement.

Dwyane Wade may have suggested Mario Chalmers could start for the Heat, the club isn't close to assuming that will happen but will give him a chance to compete against Marcus Banks and a possible veteran addition.

Miami also expects Chris Quinn back.

DJ Mbenga, who worked out in Miami on Monday, has a minimum-level offer to return to the Lakers but hopes for a bigger offer from the Heat.

RealGM Note: In 42 games last season, Mbenga had a per 40 FIC of 8.9 and 'deserved' $800,000.

The Heat will honor gold-medal-winning guard Dwyane Wade with a public ceremony on Thursday at AmericanAirlines Arena, according to South Florida Sun-Sentinel.

An Olympics/Wade banner will be unveiled alongside the team's division and championship banners.

Wade will become the third player to have his name raised to the rafters, with the Heat having hoisted the jerseys of former Miami Dolphins' quarterback Dan Marino and NBA legend Michael Jordan in the past.

Unless the Miami Heat are able to shed some of their multi-year deals, they likely will have a little more than $11 million next summer to pursue a free agent such as Carlos Boozer.

Miami has told people they would like to see if Michael Beasley could eventually play the small forward position, which would allow a pairing with Boozer.

Miami has $32 million committed for 2010-11.

The United States may have taken home the gold, but the Spaniards did not simply hand the hardware across to the Redeem Team like most expected.

The United States survived their tightest encounter of the Olympic tournament in the gold medal game, never really shaking a determined Spain team despite not having Raptors' point guard Jose Calderon on the floor.

The Americans had to put on a shooting clinic, finishing the game 13 of 28 (46%) from three-point range and an amazing 71% (13/28) from inside the arc, which in the end proved to be pivotal with Team USA winning the game by only 11 points, 118-107, but the margin was much closer than this for the majority of the game.

Dwyane Wade led the way with 27 points in the game, most of them coming in the first half while Kobe Bryant had 20 to go with 6 assists.

Bryant was particularly excellent in the 4th quarter when the game was tight, including a four-point play that sent Rudy Fernandez to the bench with his fifth and final foul.

For Spain, Juan Carlos Navarro (18 points) was effective, connecting on an array of teardrops inside the key to keep Spain close when the pressure was on while Pau Gasol (21 points, 6 rebounds) and Fernandez (22 points) were again are the forefront for the Spanish.

Spain trailed by only four points, 108-104, with 2:28 remaining in the game, giving the Americans their first real challenge in the fourth quarter of the Olympics.

Free agent center D.J. Mbenga had a workout in Miami earlier this week, and it appears as though he's considering both the Heat and Lakers, according to The Miami Herald.

Mbenga averaged 1.4 points and 1.3 rebounds in 26 games with the Lakers last season, after getting waived by the Warriors.

"There is interest," agent Bouna Ndiaye said of the Heat. "I'm not sure how strong the interest is in signing him but they want to get a look at him first."

"D.J. is the perfect fit in size and the opposite style of Mark Blount," Ndiaye added. "He's a good fit, exactly what the team needs. He defends, he's a great energy guy, and showed that with the Lakers and Dallas."