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Greg Oden is coming back to the NBA with the Miami Heat.
Mike Conley Sr., one of Oden's agents, said Oden has informed the Heat that he will accept their contract offer, a process that will likely be formally completed early next week.
Oden will sign a contract that will pay him about $1 million this coming season. He will have a player option for the 2014-15 season.
"He just thought that it was the best fit for him, where he's at and especially for how it relates to him coming back," Conley said Friday night. "He can be on a winning team and be working his way in slowly."
Oden's decision ends months of suspense that saw several NBA teams line up for a chance to sign the former No. 1 pick whose career has been derailed by a series of knee problems.
Magic waive forward Harrington
In a move designed to save money and free up playing time for their young players, the Orlando Magic waived veteran forward Al Harrington on Friday afternoon, according to the Orlando Sentinel.
About $3.57 million of his salary of $7.15 million for the upcoming season is guaranteed, while $3.8 million of his salary of $7.6 million for the 2014-15 season is guaranteed.