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Chris Bosh makes opt-out official, Pat Riley issues statement

San Antonio Spurs v Miami Heat - Game 6

MIAMI, FL - JUNE 18: Chris Bosh #1 of the Miami Heat reacts in overtime against the San Antonio Spurs during Game Six of the 2013 NBA Finals at AmericanAirlines Arena on June 18, 2013 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Mike Ehrmann/Getty Images)

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LeBron James, Dwyane Wade and Chris Bosh have now all officially opted out of the final two years of their respective deals, and are unrestricted free agents who can sign wherever they choose for next season.

They’ll all be signing in Miami, of course, and the only question is, at what price.

The trio staggered their opt-outs for reasons known only to the individuals, but the reasoning was the same -- to sign long-term deals for more guaranteed dollars in total, while taking less in the short-term to provide the team with immediate financial flexibility to upgrade the roster.

Bosh was the final piece of this puzzle, and once he notified the Heat of his intentions on Sunday, Pat Riley issued the following statement:

“Today we were notified of Chris’ intentions to opt-out of his contract. Chris is one of the most versatile and dynamic big men in this league, and he has been an instrumental key to our championship success over the last four seasons. We look forward to meeting with Chris and his agent in the coming days to discuss keeping him in Miami for many years to come.”

That’s been the plan all along, and it’s one that can formally be set in motion now that all three stars have opted out of their contracts.