Basketball Chris Bosh Waived By The Miami Heat By Miranda McDaniel Posted on July 5, 2017 5 min read 0 0 113 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr The career of Chris Bosh took yet another turn earlier this week, as he was waived by the Miami Heat on Tuesday. The move by the Heat comes after 18 months of turmoil between the team and Bosh, and ends his successful 6-year career with the Heat, including winning 2 back-to-back NBA titles—2012 and 2013. The former All-Star forward made the All Star game in each of his 6 seasons with the Heat. Bosh famously joined the Heat in 2010 with LeBron James and remained with fellow All-Star Dwyane Wade on the team after James returned to the Cleveland Cavaliers in 2014. Bosh also won a gold medal as part of the 2008 U.S. Olympic team in Beijing. What caused Bosh’s departure? Well regarded amongst his peers, Bosh, who was originally cleared to play in 2016-17, spent the entire season on the sidelines after failing a physical during fall training camp. He was diagnosed with blood clots, originally discovered in 2015, and has since been affected by the medical condition. Who’s getting the better end of the stick? Due to his inability to currently play ball, last month the athlete made a one-time agreement with the National Basketball Players Association and the NBA that removes him permanently from the Heat’s salary cap. With the Heat’s latest move, Bosh is released from the last 2 years of his contract with the team (totaling $52 million), which frees up approximately $37 million of the Heat’s salary cap. This is vital to the heat, as they look to sign free agents once the league’s moratorium period ends later this week. Bosh is guaranteed to be paid $25.3 million for the 2017-18 year and $26.8 million for 2018-19. The payout comes from a combination of funding from the Heat and an insurance policy. In the meantime, Bosh becomes a free agent, giving him the option of possibly returning to his NBA career if/when his condition is medically cleared. Additionally, after announcing Bosh’s departure, the Heat also stated they will retire Bosh’s jersey—No. 1. Former Heat Coach Pat Riley said “the number ‘1’ will never be worn by another player and we can’t wait to someday hang his jersey in the rafters.” “We will forever be indebted to CB for how he changed this team and led us to four trips to the NBA Finals and 2 NBA championships,” said Riley. What is next for Chris Bosh? Chris Bosh, 33, is a free agent for the first time since 2010. He has not played since 2016 and until Bosh is medically cleared to play, he will stay on the sidelines waiting for a team to sign him. However, Bosh has quite the nest egg to sit on. He signed a 5 year, $118 million contract with the Heat in 2014 and will have earned more than $230 million during his career by the time all of the money owed to him is paid out by 2022. His career spans across 13 years, with the first 7 in Toronto. He averaged 19.2 points and 8.5 rebounds in his career.