Luol Deng has reached a two-year deal with the Miami Heat.
"Life after LeBron is coming together for the Heat.
"In major victories for the team considering where it was on Friday, the Heat finalized a two-year deal with small forward Luol Deng on Sunday afternoon and followed that up with new contracts for Mario Chalmers and Chris Andersen. Sunday's haul gives the Heat four important free-agent signings since losing out on LeBron James.
"Chris Bosh, the most important piece of all, provided the Heat with vital free-agency momentum on Friday when he agreed to become the team's interior anchor. Bosh was expected to sign a five-year max contract worth $118 million.
"The Heat has rallied impressively since James announced his return to the Cleveland Cavaliers.
"Immediately following James announcement, a doomsday scenario Pat Riley had feared since the beginning of free agency seemed all too real. Reports had already linked Bosh to the Houston Rockets, and many league insiders were convinced that Bosh was gone. Rumors even began circulating that the Chicago Bulls were interested in adding Dwyane Wade. The world seemed to be caving in around the Heat.
"Then, in a dramatic turn considering the day's events, Bosh chose the Heat over the Rockets, and the rebuilding process began in earnest."
ESPN reports Deng's contract with the Heat is worth $20 million:
"Free-agent swingman Luol Deng is joining the Miami Heat, his agents Herb Rudoy and Ronald Shade confirmed to ESPN.com's Marc Stein.
"It is a two-year, $20 million contract with a player option after this coming season, sources told Stein.
"Dallas and Atlanta had been in the hunt for Deng, as was Phoenix, who jumped into the mix on Saturday, according to sources.
"Deng is entering his 11th NBA season, having spent almost his entire career with the Chicago Bulls. He was traded from Chicago to Cleveland in January after years of trade rumors.
"The Heat plan to team Deng with the freshly re-signed Chris Bosh and soon-to-be-reupped Dwyane Wade in the wake of LeBron James' decision to return to his home-state Cleveland Cavaliers.
"Sources close to the situation told ESPN.com's Marc Stein that the Heat on Sunday also came to two-year agreements to re-sign guard Mario Chalmers and center Chris Andersen, both are familiar faces from the Heat's run of four successive trips to the Finals. Chalmers' deal is said to be in the $8 million range while Andersen's is in the $10 million range, according to sources."
USA Today's Sam Amick adds more details regarding the Heat's acquisition of Deng:
"Deng, a two-time All-Star, was also being courted by the Atlanta Hawks, and to a lesser degree, the Dallas Mavericks. But a financial gap existed in negotiations with the Hawks that made the situation less desirable, and the Dallas situation was untenable because of a number of factors.
"Not only are the Mavericks still waiting on word from the Houston Rockets on whether they will match the three-year, $46 million offer sheet given to restricted free agent forward Chandler Parsons, but the Mavericks' apparent preference to pursue free-agent guard Lance Stephenson if they lost out on Parsons was a factor.
"The Hawks re-engaged in talks with Deng's representatives Sunday, but to no avail. The Los Angeles Lakers and Detroit Pistons made late inquiries as well."
Deng has averaged 16.0 points, 6.3 rebounds nad 2.5 assists in 677 career regular-season games, per ESPN stats.