Free-agent guard Wayne Ellington has reached an agreement to re-sign with Miami, reportedly.
The 30-year-old sharpshooter has apparently agreed to a one-year, $6.27 million deal.
Miami secured its floor spacer for at least one more season. Both sides worked to come to terms on an agreement that assisted in alleviating the franchise's tax predicament.
The Heat now have a team salary of $127 million and are over the tax by $3.2 million. The current tax bill for Miami is $4.9 million and the Heat will have until the end of the regular season to get under the threshold.
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