Heat, Bosh nearing agreement to shed salary cap space

The South Florida Sun-Sentinel’s Ira Winderman reported today that the Miami Heat and Chris Bosh are “moving close on a resolution” that will allow the Heat to waive Bosh and remove his salary from the Heat’s payroll.

Winderman said that the NBA and the National Basketball Player’s Association have worked in these negotiations, as a new collective bargaining agreement will kick in July 1 after the current agreement expires June 30. Under the new CBA, if a medical panel agrees that it is not safe for a player to continue their career, the player’s salary will be removed from the team’s salary cap or luxury tax payments.

This move will allow the Heat to go into the NBA Draft and free agency with certainty of their salary cap situation.

For Heat fans, this development is a nice sigh of relief. The Miami Herald’s Barry Jackson said that the Bosh/Heat relationship was “mended” earlier this month. Now, both the Heat and Bosh can move on amicably.