Chris Bosh, Heat put ink to $118M contract

The Miami Heat confirmed that Chris Bosh formally signed his five-year, $118-million US contract on Wednesday.

Forward formally commits to five more years with Miami

Chris Bosh (1) averaged 16.2 points, 6.6 rebounds, 1.0 blocks and 32.0 minutes in 79 starts for the Heat this past season. (Andrew Bernstein/Getty Images)

Chris Bosh has signed his five-year, $118-million US contract to stay with the Miami Heat.

The team says Bosh signed the deal Wednesday.

The sides agreed on the terms earlier this month, but the paperwork could not be completed because Bosh was on a lengthy international vacation and needed to undergo a physical before signing.

Bosh is entering his fifth season with the Heat.

He was the first player to commit to the Heat this summer after LeBron James' announcement that he was leaving Miami and returning to the Cleveland Cavaliers.

Bosh averaged 16.2 points on 52 per cent shooting last season for Miami.

He will earn just over $20.6 million US this season. 

His contract is the largest in terms of total value in Heat franchise history.