Bosh is staying in Miami, agreeing Friday to a five-year contract that will be worth about $118 million, said two people familiar with the deal. They spoke to The Associated Press on condition of anonymity because neither side had confirmed it publicly.
Keeping Bosh addresses one of the Miami's top priorities after getting the news earlier in the day that James was leaving the Heat and returning to the Cleveland Cavaliers.
There's still plenty of work for Heat President Pat Riley to do, however. But first, he and the team lauded what James meant to them over the last four seasons.
"While I am disappointed by LeBron's decision to leave Miami, no one can fault another person for wanting to return home," Riley said in a statement Friday night.
"The last four years have been an incredible run for South Florida, Heat fans, our organization and for all of the players who were a part of it. LeBron is a fantastic leader, athlete, teammate and person, and we are all sorry to see him go."
Next up for the Heat: More than likely, it's a deal with Dwyane Wade, who has spent all 11 of his NBA seasons in Miami. Wade and Miami were negotiating a new contract Friday, a move that was expected from the very moment that the 2006 NBA Finals MVP opted out of a deal that would have paid him about $42 million over the next two seasons.
"I know where I'm going," Wade told The AP on Thursday, one day before James let the world that he was going elsewhere.
While Miami is working to get a Wade deal finalized, it's unclear when Bosh will actually sign his contract.
He's expected to be in Ghana until next week. Bosh is an All-Star who averaged 16.2 points on 52 percent shooting last season, and now figures to potentially get many more shots in the Heat offensive scheme. For his career, Bosh has averaged 19.2 points in 11 NBA seasons.
Suns acquire Thomas
The Phoenix Suns agreed to a sign-and-trade deal with the Sacramento Kings for point guard Isaiah Thomas, two people with knowledge of the situation said Friday.
The people say Thomas is signing a four-year, $27 million contract. In exchange, the Kings get the draft rights to center Alex Oriakhi, a second-round draft pick of the Suns in 2013, plus a $7 million trade exception.
One of the people who confirmed the deal said the Suns see Thomas as a "perfect third guard" to play with Phoenix's double point guard starting lineup of Goran Dragic and Eric Bledsoe.
Thomas was a restricted free agent who was in Phoenix meeting with the Suns on Thursday and Friday. The Kings were not expected to match any offer sheet for Thomas after agreeing to sign free agent Darren Collison last week.
Thomas, a second-round draft pick out of Washington in 2011, averaged career highs of 20.3 points and 6.3 assists in 72 games with Sacramento last season, 54 as a starter.
Miles joins Pacers
Indiana signed free agents Lavoy Allen, C.J. Miles and Damjan Rudez on Friday as the Pacers await a decision from Lance Stephenson about his future.
Indiana acquired Allen in a trade deadline move from Philadelphia earlier this year. The 6-foot-9 forward played sparingly after joining the Pacers.
Miles, formerly of the Utah Jazz, spent the past two seasons with Cleveland where he averaged 10.6 pints and 2.4 rebounds. The 6-foot-6, 210-pound swingman gives Indiana more scoring punch and a possible replacement if Stephenson signs with another team.
Rudez is a 6-10, 210-pound shooting forward from Croatia.
Knicks waive Odom
The New York Knicks have waived veteran forward Lamar Odom and re-signed center Cole Aldrich. Knicks President Phil Jackson signed Odom, who played for him in Los Angeles, at the end of last season. But the former Sixth Man of the Year never played a game for New York.
Aldrich averaged 2.0 points and 2.8 rebounds in 46 games last season.
Lakers get Lin
The Los Angeles Lakers acquired point guard Jeremy Lin from the Houston Rockets, along with the Rockets' first-round draft pick next year, The Los Angeles Times reported.
The Rockets will receive an undisclosed overseas player, along with a trade exception, The Times reported.