The Miami Heat have waived Chris Bosh. Miami will create significant cap space with the release with $52.1 million remaining on his contract cleared.
The Heat, NBA and NBPA previously agreed upon a settlement due to his medical condition.
“Chris changed his life and basketball career when he came to Miami,” said Heat President Pat Riley. “And he changed our lives for the better, in a way we never would have imagined, when he joined the Miami Heat. We will forever be indebted to CB for how he changed this team and led us to four trips to the NBA Finals and two NBA Championships. He is, without a doubt, one of the greatest players in the history of the franchise. The number “1” will never be worn by another player and we can't wait to someday hang his jersey in the rafters. Today, we are both moving on but we wish Chris, Adrienne and their family nothing but the best. They will forever be part of the Miami Heat family.”
Bosh was an NBA All-Star in each of his six seasons with the Heat and has been an NBA All-Star 11 times in his 13-year NBA career.