Per the South Florida Sun Sentinel, James Jones has re-upped with the Heat.
So despite being forced to take a $3 million pay cut by the Miami Heat just three weeks ago, the 3-point specialist and University of Miami product said Sunday he is coming back, this time with the bonus of playing not only alongside Dwyane Wade, but also heralded free-agent additions LeBron James and Chris Bosh.
“I have to come back. This is not something I could pass up,” Jones told the Sun Sentinel. “This is too much of an opportunity to bypass.”
Jones, 29, will now wind up receiving dual paychecks from the Heat this season. Originally due $4.7 million for 2010-11, Jones received a $1.6 million buyout from the team in June. He now will sign back at the veterans’ minimum of $1 million for the coming season.
The Spurs were reportedly interested in Jones and had $2.4 million of their mid-level exception remaining (along with their $2.1 million bi-annual exception).
Jones is a career 40% three-point shooter, but hasn’t played more than 16 minutes a game in either of the last two seasons, and injuries have forced him out of 88 games during that span. He probably felt that he owed it to the franchise to sign at a discount. (If he didn’t, he should have. I have no idea why NBA contracts are fully guaranteed.)
