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Free agent Kelly Olynyk signs four-year deal with the Miami Heat

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Miami makes a surprise signing for the former Celtics big man.

NBA: Miami Heat at Boston Celtics Winslow Townson-USA TODAY Sports

The Miami Heat are quickly moving on after waiving Chris Bosh and striking out on the Gordon Hayward sweepstakes with a surprise four-year deal worth more than $50 million for free agent Kelly Olynyk.

Olynyk’s agent Greg Lawrence told ESPN’s Adrian Wojnarowski that the fourth year is a player option.

As a restricted free agent, Olynyk’s rights were renounced Tuesday by the Boston Celtics as part of a series of roster moves they must make in order to accommodate Hayward’s four-year $127 million max contract.

Miami also re-signed Dion Waiters to a four-year deal worth $52 million on Wednesday and have been deep in negotiations with James Johnson since last night for a new deal that was reportedly close to being signed. They must also decide on the team option for Wayne Ellington’s contract by Friday, which would guarantee his $6.3 million salary for the upcoming season.