Chris Bosh was close to leaving the Miami Heat for the Houston Rockets before ultimately deciding to re-sign on a five-year, $118 million contract.

"It was close. I'm not going to lie," Bosh said on "The Zaslow and Joy Show" on FM 104.3 The Ticket in Miami. "It was close. It was a weird situation because we were waiting so long and I didn't know what was going on.

The Washington Wizards have waived Melvin Ely.

Ely was acquired from the New Orleans Pelicans this offseason to help facilitate the Trevor Ariza to the Houston Rockets deal.

Ely spent most of the 13-14 season in the D-League before signing with the Pelicans in April to finish the campaign on a non-guaranteed contract.

The Golden State Warriors have waived Hilton Armstrong.

Armstrong was previously waived by the Warriors in December and later re-signed following a stint in the D-League.

Armstrong signed two 10-day contracts with the Warriors and then was signed for the remainder of the season.

Chris Bosh officially signed his new five-year contract with the Miami Heat several weeks after it was formally agreed upon.

Bosh's contract is worth $118.7 million over five seasons.

Bosh decided to remain with the Heat amid a four-year max contract offer from the Houston Rockets.

Will Cherry has agreed to a two-year contract with the Toronto Raptors worth the NBA's veteran minumum, according to a source.

Cherry averaged 11.6 points, 4.5 assists, 3.7 rebounds and 1.4 steals per game last season for the Canton Charge of the NBA D-League.

Cherry played for the Cleveland Cavaliers in summer league.

Cherry is expected to sign the partially guaranteed deal in the coming days.

Michael Beasley worked out for the Los Angeles Lakers in El Segundo on Wednesday.

Beasley is a free agent after playing last season with the Miami Heat.

Kevin Durant spoke extensively on Tuesday about his 2016 free agency for the first time.

Durant made it clear that he will put himself first when choosing his future.

“I’m going to do what’s best for me,” Durant told reporters in Las Vegas. “It’s hard to talk about that right now when I’ve got two years left in Oklahoma City. I’m just going to focus on that. I’m not going to make a decision based on what anybody else does.”

Durant is focused on the present, yet refused to rule out anything in the future.

Durant has been linked to the Washington Wizards in 2016.

“Look, we going to put it out on tape. It’s been talked about,” Durant said when asked about signing with his hometown Wizards. “Everybody’s asked me about it every time I go on Instagram or Twitter. All my friends ask me about it. So I’m not going to sit here and act like I’m naïve to the fact that people think about that stuff. But I just tell everybody that I’m here in Oklahoma City. I love it here. Who knows what will happen. I never close the door on anything. But I like where I’m at right now. So I can’t answer that question.”

Durant signed a full five-year extension in 2010 rather than insisting on a player option that would have allowed him to become a free agent earlier in his career.

“To be honest, I just didn’t know. I was 21. I didn’t know,” Durant said. “Obviously, when you sign a deal you want to have the best options for yourself, the best flexibility for yourself. But I loved Oklahoma City so much I just wanted to dedicate and show them that I’m all about the team."

The Sacramento Kings have signed Eric Moreland – a defensive revelation in NBA summer league – to a three-year contract, multiple league sources told RealGM.

Moreland provided an active, shot-blocking force for the Kings’ summer league team this month in Las Vegas, and the 6-foot-10 forward averaged 3.5 points, 8.8 rebounds and 2.7 blocks in 19.2 minutes per game. After summer league play, DeMarcus Cousins expressed a desire for Sacramento to sign Moreland.

Several teams, including the Golden State Warriors and New York Knicks, had interest in a free agent deal with Moreland. Still, Moreland and the Kings negotiated toward a contract over the weekend and into the week, and both sides agreed to terms on Tuesday. 

Moreland showed versatility in ball handling and defending during the NBA pre-draft process, but went undrafted and reached a summer league agreement with the Kings.

Moreland, 22, was an early entry candidate as a redshirt junior at Oregon State University, where he averaged 8.9 points, 10.2 rebounds, nearly two blocks and one assist a season ago.

Terrence Williams has a workout and meeting scheduled for Thursday with the Sacramento Kings, league sources tell RealGM.

Williams was with the Kings in 2012.

Williams last played in the NBA in 2013 with the Boston Celtics.

Williams spent last season in Turkey, the D-League, the Philippines and in the Dominican Republic.

Kyrie Irving will receive just 27.5 percent of an adjusted NBA salary cap if he triggers the Derrick Rose rule by winning MVP or getting voted an All-Star starter next season, according to Mark Deeks.

Irving presumably received a player option on his contract in exchange for not getting the full 30 percent possible.

Paul George set the market by taking just 27 percent in order to get that fifth-year player option last offseason.

If Irving neither wins MVP or gets voted an All-Starter, his contract extension will be worth the max possible amount (about $89 million). If he achieves either of those honors, he’d gain about $9 million. However, he could have gained more than $16 million.

By leaving that potential $7 million on the table, Irving set himself up to become a free agent sooner.