11 time NBA All-Star and Olympic Gold Medalist Chris Bosh was waived from the Miami Heat on Tuesday.  Bosh missed the entire 2016-2017 season due to health issues.  The split was amicable and the Heat have announced they will retire his No. 1 Jersey.  

Should Bosh be declared fit to play he is still eligible to sign with another team and play. He will also still be collecting his remaining 2 years and $52.1 million salary however Miami no longer takes the cap hit for the paychecks. 

Miami will look to start spending that money as early as Thursday.