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Heat sign free agent Derrick Williams

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This move represents a low-risk move to sign a young forward after starting forwards Luol Deng and Joe Johnson left in free agency.

Anthony Gruppuso-USA TODAY Sports

The Vertical's Adrian Wojnarowski reported today that the Miami Heat have agreed to a one-year, $5 million deal with free agent forward Derrick Williams.

Williams, the No. 2 pick in the 2011 NBA Draft, has bounced around the league but played 80 games for the New York Knicks last season. At the least, this signing represents a low-risk move to sign a young forward after the departures of Luol Deng and Joe Johnson earlier this month.

The Heat have until Sunday to match the Brooklyn Nets' offer for shooting guard Tyler Johnson, which would affect the Heat's salary cap space. The Sun-Sentinel's Ira Winderman also reported today that the Heat are working towards an agreement with longtime Miami power forward Udonis Haslem.