National Basketball Association

Heat waive Jones to free cap space

Published Jun. 29, 2010 1:00 a.m. ET

foxsports

Forward James Jones has been waived by the Miami Heat, an expected move that provides the team with more money to spend during free agency.

Jones had a partially guaranteed contract for 2010-11 that was only guaranteed for $1.9 million through Wednesday. After that, it would have been guaranteed at $4.6 million

He agreed to spread part of the buyout over the next three years, which frees up about an extra $400,000 off Miami's salary cap for 2010-11. The Heat wanted the cap room to use in efforts to lure free agents once the negotiating period opens at 12:01 a.m. Thursday.

Jones averaged 4.1 points in 36 games this season.