Chris Bosh has done plenty of good in his time in Miami. That time came to a close when The Heat decided to waive Bosh. The 33-year old forward is an 11 time All Star, and in his six seasons with Miami, helped the team win two championships in four apperances. Team president, Pat Riley, announced that the team will retire his number.

Bosh will be paid the remainder of his $52.1 million left on his contract. Albert Nahmad tweeted that the Heat will pay Bosh 120 twice-monthly installments of $435,393 starting November 15, 2017 and will run through November 1, 2022.

At this time, it seemed like the best option for both parties.

Next plan for Bosh

Nobody wanted to see Bosh end his career this way, but it seems that it is likely that Bosh will retire. Bosh is a hall of fame worthy player if he ended today. He has two rings, and a number that will be retired. He is also the Toronto Raptors all-time leader in rebounds, and second on the list in career points.

Bosh has nothing else to prove in the league. His health is also in question. Bosh has missed signficant time due to recurring blood clots. If Bosh risks his life stepping back on the court, then retirement seems the best option.

Next plan for Heat

The Heat saved about $25 million cap room by waiving Bosh.

At one point, it seemed that the Heat didn't have enough money to bring free agent Dion Waiters back. The 25 year old shooting guard averaged 15.8 points a game this past season, and is a great three point shooter. Waiters has had a meeting with the Lakers this week, but the New York Knicks have emerged as a contender for his services.

The Knicks will have $15 million in cap space if they denounce their rights to Derrick Rose. The free agent point guard recently had a meeting with the Los Angeles Clippers, so it's possible that Rose will move on from New York. The Knicks were high on George Hill, but Hill signed a contract with the Sacramento Kings. The Knicks have been public in wanting to bring in young talent; thus, why a trade for Carmelo Anthony might take longer than some expect.

Waiters is 25 years old, and someone that interim general manager, Steve Mills, has liked in the past.

However, the Heat can make a run at Waiters if they choose. The Heat have a core of Hassan Whiteside, Goran Dragic, and Justise Winslow. The Heat have not brought in any top tier free agents this offseason. With the move to waive Bosh, the Heat might be more aggressive at Waiters now that the top free agents are off the block.