Beasley, 26, just finished a one-year contract with the Yao Ming-owned Shanghai Sharks in the Chinese Basketball Association. He averaged 27.1 points, 10.4 rebounds and 5.2 assists in China.
The Heat selected Beasley with the No. 2 pick in the 2008 draft out of Kansas State. He was traded to the Timberwolves in 2010, in a move that cleared salary cap space for the additions of LeBron James and Chris Bosh. Beasley signed a three-year deal with the Suns in 2012, but was released in 2013 after he was arrested on suspicion of marijuana possession.
Beasley returned to the Heat last season and averaged 7.9 points in 55 games. He played sparingly during the team's run to the NBA Finals and was not re-signed during the offseason. After opening training camp with the Memphis Grizzlies, Beasley left for China before the regular season began.
Beasley will provide frontcourt depth for the Heat after Chris Bosh was lost for the season due to blood clots on his lung. The move reunites Beasley with former Kansas State teammate Henry Walker, formerly Bill, who signed a 10-day contract with Miami last week.
Miami has won two games in a row and is 25-31 on the season. They currently hold the No. 7 seed in the Eastern Conference and play at the New Orleans Pelicans on Friday.
- Paul Palladino