Alonzo Mourning and the Toronto Raptors agreed on a buyout of his contract Friday, which will allow the center to sign with the Miami Heat.

The buyout means Mourning could sign with his former team, Miami, when he clears waivers after 48 hours.  No team is expected to claim Mourning because any team that did would have to assume his contract.

Only three teams have the cap room, or trade exceptions, necessary to claim Mourning off waivers -- the Bobcats, Rockets and Nets -- but none appears likely to be willing to swallow the remaining $15 million Mourning has left on his contract.

"I think this is really a win-win for both Alonzo and the Raptors," Mourning's agent, Jeff Weschler, told ESPN Insider Chad Ford. "Clearly, Alonzo wasn't in their long-term plans and Zo wanted the opportunity to explore his options with other teams."