AP source: Bosh tells Heat he opts out

MIAMI (AP) Chris Bosh told the Miami Heat on Sunday that he is opting out of the last two years of his contract, and will join LeBron James and Dwyane Wade as free agents starting at midnight Tuesday.

Bosh's agent, Henry Thomas, said he told Heat President Pat Riley of the decision Sunday afternoon.

Bosh had until Monday to make his decision and choose to forgo $42.7 million over the next two seasons. He has said many times in recent weeks that he wants to stay in Miami, and it now is clear that he's willing to stretch his money over a longer period of time in order to make that happen.

SI Apps
We've Got Apps Too
Get expert analysis, unrivaled access, and the award-winning storytelling only SI can provide—from Peter King, Tom Verducci, Lee Jenkins, Andy Staples, Grant Wahl, and more—delivered straight to you, along with up-to-the-minute news and live scores.